Gold and Silver miners (Jr and Exploration)

[Implanting]

This is a very good read. It speaks to some of my earlier questions concerning how much gold to the Yuan ratio might be required in these oil sale transactions.

Let's assume that China wants minimum a 9 to 1 ration of Yuan to gold transaction amount for their oil purchases. That means we should see a 10% larger purchasing demand for gold right off the bat. The article gives an amount of more than 150 million ounces of gold may be required to convert from these oil transactions. That's significant IMO and in time would surely hurt the Petro-dollar.

This move by the Chinese is a big possible game-changer, not just for the dollar demise, but for the higher demand it brings to the gold price.
As this oil to gold conversion gains momentum, so also should the gold price because supply will certainly get smaller.