/biz/ - Business & Finance

Anonymous Sat Dec 10 05:03:11 2022 No.52809107 [View]
File: 931 KB, 2268x2317, 311100D6-8741-4787-BD86-D7E14DF258BA.jpg [View same] [iqdb] [saucenao] [google]

>Saudi Arabia used to demand payment for oil only in Silver Riyals or Gold Sovereigns
>Even the US had to bend the knee and mint Silver Riyals for trade
What happened? They used to be so pro-Gold, but nowadays the most you'll hear of their desire to break free from the petrodollar is suggestions of accepting other debt based fiats like the Yuan or the Ruble.
Will the Saudis ever demand payment exclusively in their own Gold and Silver Specie again or have they gone soft?

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