Lindsey Williams – Radio Liberty – May 2012
Lindsey Williams talks with Dr. Stan Monteith on Radio Liberty in May 2012 about JP Morgan’s $2 Billion loss, the faltering derivatives market, bank runs in Europe and the death of the US petrodollar by the end of 2012.
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As of 18th August 2012, Brent Crude oil price was $116.96 a barrel. Gold was $1615.705 an ounce. Historically a barrel of Brent Crude has averaged 7.2% an ounce of gold over the past decade. On this basis oil should have been $116.33 a barrel. Therefore oil was averaging 7.2% an ounce of gold.
