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The New Petrodollar Play: Why Oil-Rich Nations Are Turning to Gold

How much more are you paying for gas since the start of the war against Iran? It could be fifty cents a gallon or more. Have you ever wondered what oil-producing nations do with their massive revenues? It turns out that, for decades, based on an agreement with the U.S., oil-producing countries would buy U.S....

The post The New Petrodollar Play: Why Oil-Rich Nations Are Turning to Gold appeared first on Blanchard and Company.

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