moultano
Related: economics
![Peter Schiff tells it like it is (CNBC Nov 30) [Video]](http://img.youtube.com/vi/vweLBpE4mso/0.jpg "Peter Schiff tells it like it is (CNBC Nov 30) [Video]")
“If the US dollar had remained strong in the global economy, oil might, in theory, be around $65 per barrel. However, oil is priced in dollars, and oil prices continue to rise.”
by fooladder
So, the price of gold (a nearly useless commodity) is correlated with that of oil (a very useful commodity). Big whoop. Price of oil in terms of price of wheat hasn't budged much either.
replied 7 months ago
( 50% match | 1 jaa | reply )
by fooladder
tagged 7 months ago
in
economics, bizarre
( 1 jaa )
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