Tag Archives: oil

Saudi Arabia is planning on taking Aramco public. But in order to accomplish this, the country will need to raise oil prices, which in turn could have a large affect on gold prices.

China and Saudi Arabia have been negotiating to ditch the petrodollar system and allow oil purchases with the Chinese yuan. If a deal is struck, it will be a huge blow to the U.S. dollar — leaving Americans with an increasingly devalued currency.