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gfp: More than a few analysts have been writing about the real possibility that oil sales in the future will be settled in gold rather than US Dollars. The US sanctions on Russia, and China's realization that war with the US is inevitable, are pushing this scenario forward. Oil producing nations no longer want to stockpile US Treasury debt. They see the handwriting on the wall. There is already a de-facto move away from the Dollar as the reserve currency. Nations with account surplusses in Dollars are using those Dollars to buy Gold. Central Banks all over the world are increasing their Gold holding. If we every get to an official Bretton Woods III that does away with the PetroDollar in favor of PetroGold......I can't even calculate how high gold could go. $25,000 an ounce is not out of the question.