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Petrodollar end looming as China & allies dump it in oil trading - Jim Rogers

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posted on Sep, 17 2017 @ 04:43 PM
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originally posted by: worldstarcountry

Eh, depends on if there is enough supply to meet the demand of for those five banks.


You didn't answer my question.

If someone or a specific country wanted to purchase a large amount of any commodity does the price go up or down?




posted on Sep, 17 2017 @ 04:44 PM
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a reply to: AugustusMasonicus
It will go up if demand is higher than supply for those contracts. I suppose thats why the contracts are like 3 months out.
edit on 9-17-2017 by worldstarcountry because: (no reason given)



posted on Sep, 17 2017 @ 04:48 PM
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originally posted by: worldstarcountry

It will go up if demand is higher than supply for those contracts.


Exactly. Which completely disproves the whole banking cabal controlling gold pricing canard.



posted on Sep, 17 2017 @ 05:00 PM
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a reply to: AugustusMasonicus

hmmm.... maybe. BUT, supply and demand in itself can be artificially stimulated or depressed like a mentioned a couple posts up. I read that the Swiss just sent a banker to prison for doing that very thing. Of course his words were that he was being scapegoated for something everybody is actively participating in.



posted on Sep, 17 2017 @ 05:02 PM
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originally posted by: worldstarcountry
hmmm.... maybe. BUT, supply and demand in itself can be artificially stimulated or depressed like a mentioned a couple posts up. I read that the Swiss just sent a banker to prison for doing that very thing. Of course his words were that he was being scapegoated for something everybody is actively participating in.


I don't see it happening. It's a global commodity and if someone wanted to purchase $1billion worth of gold tomorrow someone or someplace is going to sell it to them if the price is right.



posted on Sep, 17 2017 @ 05:19 PM
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a reply to: AugustusMasonicus
Right, but the only institutions that have that supply to provide are the warehouses and banks that own those kind of numbers, or governments making a payment.

And it would be like 3 months to fulfill that contract. I mean there may be a handful of billionaires who have that volume in their private storage, but I think that would be outside of the fix and would not really register when they set the price .



posted on Sep, 17 2017 @ 05:22 PM
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a reply to: worldstarcountry


None of that impacts the simplicity of supply and demand. If someone wants to make a purchase of a large quantity it by necessity cause the price to increase.



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