As we discuss how dismantle of Euro will affect gold , there are other angels which should cause a concern. I am talking about political situation in Middle East, that area is ready to explode and I wonder what was happening to the price of gold before War World 2 ?
I also concern about other gold, black gold - oil. What is correlation between those two if any?
Lately China made a serious moves to get away from dollar payment for oil contract, examples are contract with Russia and Iran. If one day a country can buy oil with currency other than dollar, how that will effect gold price?
In 1820, China and India accounted for 49 percent of global GDP between them; this compared with Western Europe’s 23 percent share and a 1.8 percent share for the (very young) U.S. Only in the late–19th and 20th centuries did the tables turn.
Are we witnessing now is a return to the world as it was not so long ago?
