Posted by
praveen
130 days ago
(http://finegoldsilver.com)
Category: editorials world & business business & finance
Oil, gold and commodities have all been priced in U.S. dollars since 1975 when OPEC officially agreed to sell its oil exclusively for U.S. dollars. From 1944 until 1971, U.S. dollars were convertible into gold by central banks in order to adjust for any trade imbalances between countries.
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