Dollar Death in Davos Delivered by Saudis

As the World Economic Forum (WEF) conference winds down in Davos, the Saudis have delivered more Dollar Death with China’s support.

But prior to the Davos summit, China’s President Xi visit with Saudi and GCC leaders marked the birth of the petroyuan.

As a result of the China-GCC Summit, “China can now claim to have built a ‘special relationship’ not only with the ‘+’ sign in OPEC+ (Russia), but with Iran and all of OPEC+.”

Cue up:  Saudi kingdom finance minister’s announcement in Davos…

“There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos.

So, it appears that in addition to the Davos/WEF party favors – including high-priced hookers, cocaine, and champagne – the Saudis are also announcing the dawn of the PetroYuan.

READ: Davos ‘Darkside’ Doing Dirty Deeds  (HERE)

As a result, it looks like the Petrodollar – the oil currency of choice since the 1970s – is about to be kicked out of first place.

Suffice it to say that, based on the Saudi’s commitment to getting more of China’s business, it doesn’t sound like the O’Biden administration is high up in The Kingdom’s strategic planning.

And lurking in the background is the possibility that Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold.

Huh?

This would effectively peg oil to gold and launching Petrogold.

More Dollar Death

Maybe the O’Biden Administration’s successful castration of the US oil production and strategic reserve has allowed the rest of the world to run rampant, and circumvent the US dollar.

Or Maybe NONE of this would have happened had the Deep State not pulled off a Soft Coup and removed Trump from power.

Or Maybe JUST Maybe this is why we’re seeing China kick-off a new round of Gold accumulation.

Ironically (or NOT) the last time China announced a monthly addition to its monetary gold reserves was a whopping 37 months ago in September 2019.

Everything is Connected…Everything…Including More Dollar Death

Keep in mind these “additions” don’t take into account that China is the largest gold producer in the world.

And they rarely publish the number of new tons of gold they’ve mined every year.

But between July 2015 and October 2016, China engaged in 16 consecutive months of monthly gold updates.

Translation:  Most of the world has no idea how many tons of gold China owns.

And estimates range from 4,000 to over 25,000 tons of gold.

In case you missed it, the price of gold is creeping back towards $2,000 per ounce.

So, based on the Saudi/China actions, it might be time to add to your gold position.

But, before you do read our Special Report “Gold, If You Don’t Hold it, You Don’t Own it” (HERE).

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Remember: We’re Not Just About Finance.

But we use finance to give you hope.

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