Gold as the dollars number one competitor.
Historically, since 1971 there has been a 1 to 15 oil to gold price correlation. If oil was $10 a barrel, gold would be valued at $150 an ounce.
Today, oil is at $105, and gold is at $940 an ounce. Shouldn't gold be at $1,575 ($105 x 15) an ounce?
Why is gold at only $940 an ounce?
As the world reserve currency since oil sales were first denominated in dollars at the beginning of the industrial age, the dollar has had one main competitor, gold.
Gold, sometimes referred to as intrinsic money, has remained a thorn in the side of the dollar. The value of gold is directly correlated to the value of the dollar.
As the value of gold decreases, the value of the dollar rises.
Since at least 1994, at least 15 central banks have been conspiring to lower the price of gold by dumping their gold reserves into the market, thereby
adding to the supply of gold, which in turn decreases the price of gold, which results in the increase of the value of the dollar. What does this mean? From those who sell gold as a gold
coin dealer to those who are slaves in Africa digging gold out of the earth, anyone owning, selling or producing gold is being robbed. Every gold coin dealer has a set percentage
of profit on each coin sold. Likewise, every gold producing nation is making a set profit for each ounce of gold that is mined and then sold on the market. The more gold that is dumped into the market the lower these profits fall. Peak world gold production
happened long ago. This fact proves that there is only one way to lower the price of gold, and that is from the banks illegally rigging the gold market.