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Oil already may be getting priced in gold, analyst says

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Chris Powell

GATA

Published : December 14th, 2011

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Interviewed by the German journalist Lars Schall, the economist and oil market analyst Maarten van Mourik argues not only that there is a long relationship between oil prices and gold prices but also that oil exporters have begun more or less pricing their oil in gold. GATA's work figures in the interview and van Mourik expresses wonder that GATA recently was mentioned more or less favorably in the Financial Times. (See http://www.gata.org/node/10591.) Schall's interview with van Mourik is headlined "Money Drives Everything" and it's posted at Schall's Internet site here:

http://www.larsschall.com/2011/12/11/%E2%80%9Cmoney-drives-everything%E2...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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Rene C.

12/15/2011 at 12:06 AM GMT
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Those oilindustries pricing their materials in gold seem quite reasonable

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Those oilindustries pricing their materials in gold seem quite reasonable Read more

Rene C. - 12/15/2011 at 12:06 AM GMT

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