Tag Archives: saudi arabia

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.

Last month, the level of “custodial paper” dropped to its lowest level since 2012. Now, changes in stateside political headwinds and a continuation of treasury liquidation by foreign central banks could signal trouble for U.S. Treasuries.

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