GLD GLD
Board Highlights
Topic List Post New Topic

MSG # GO



Rap Sheet

Author:

Reggie Abaca

Subject:

Media Coverage

Date:

10/05/09 at 10:08 PM CDT

 

 

READ: 748

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

Good News For Gold (GLD): World Conspires to Abandon the Dollar

Journalist Robert Fisk reported today that Middle Eastern nations along with China, Russia, Japan and France are working together to end oil's pricing in dollars.  In what he said were, "secret meetings," finance ministers are apparently planning on a way to move oil's pricing into, "a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar."

Most notably, he writes:

"The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold."

There were no other significant details about the alleged plans.  Fisk, who speaks Arabic, has been voted International Journalist of the Year seven times and is world renowned for his conflict reporting.  He is the Middle East correspondent for The Independent.

Copyright 2014 All Rights Reserved; Patent Pending