Atlas Salt Inc V.RMK

Peter S talks the Saudis

[bert2]

https://www.youtube.com/watch?v=4HpmrWRN6Ns

This guy is right more than wrong ....

You have to know they are considering this in light of the vast holdings of US dollars they have that are worthless to them as any attempt to liquidate or convert in such large quantities would be a currency killer. But they could use the US dollars to buy gold shares with a smaller down side even if they had to pay double the upside is still positive for the Riyal. Given this senerio the Riyal would emerge as the new world standard currency at a time when the us dollar and the euro are on very unstable ground and the world is looking for a stable haven. needless to say Mr S has been boosting gold for some time.

If you look back on some past debates he has had ...his detractors all look like fools today .