3 ms·
Because of changes of the relative values between gold, dollars and oil over time has implications. If they have a more reliable source of gold than of dollars
by yxhuvud 4y ago
Because of changes of the relative values between gold, dollars and oil over time has implications. If they have a more reliable source of gold than of dollars then it may make sense from their point of view. It is of course up to the oil producers if they want to be on the other side of that risk.