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Home>GoldWire>Hugo Salinas Price: If China links oil to gold, the world will change

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Hugo Salinas Price: If China links oil to gold, the world will change

Chris Powell

GATA

Published : September 26th, 2017

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	If China really offers to pay for oil in gold, returning gold to the international payments system, it will change all currency values, Hugo Salinas Price of the Mexican Civic Association for Silver writes today. Eight years ago fund manager and author Jim Rickards made a similar prediction about Russia's ability to change the system by demanding gold as payment for its oil and gas exports: http://www.gata.org/node/8787 Of course demanding gold for oil is exactly what the United States persuaded Saudi Arabia not to do in 1974 in exchange for a guarantee of military defense. Salinas Price's commentary is headlined "Prospects for Gold II" and it's posted at the association's internet site here: http://www.plata.com.mx/mplata/articulos/arti...idarticulo=3...

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Gold and Silver Prices for these countries : China | Georgia | Russia | Saudi Arabia | All

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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