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<p>[QUOTE=&quot;fatima, post: 1556866, member: 22143&quot;]While #3 has the largest potential impact, it also is the least likely to cause huge movements in the price of gold. Why? Well, because once a country says it will be liquidating gold reserves, #2 accelerates quicker than #3 impacts the price./QUOTE]</p><p>There is a very important element that exists outside the domain of central banking. </p><p><br /></p><p>Oil</p><p><br /></p><p>Not entirely.&nbsp;&nbsp; The American $ is pseudo backed by oil.&nbsp; Every nation in the world, whether it a be a producer or a buyer, denominates oil in USD.&nbsp; Almost all, with very minor exceptions must deal in oil in USD, the US military insures this.&nbsp; It has been this way since 1973 and most likely isn&#039;t going to change anytime soon.&nbsp;&nbsp; Remember the military will always trump banking.&nbsp; </p><p><br /></p><p>Thus in any consideration of gold vs $ prices, oil has to be considered as well as there is a triad between the USD - Gold - Oil.[/QUOTE]</p><p><br /></p>

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