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| I am too simple minded to digest all of this and reach an appropriate conclusion, but the world needs food, clothing, and shelter. Add healthcare and therefore education.
Sooo, Middle East has oil, to buy f,c, s.
Russia has oil, to buy gold, to make more f, c, s. And increase production of f.
Western Hemisphere has some oil, and f. But less facilities to produce c, and maybe s.
Europe has facilities to produce f, c, s but must buy oil.
China has people to produce c, s, needs more f.
Gold is only the medium of exchange for the above transactions.
Most important (valuable) is f, c, s.
Is there an equation for this?
IDK, going to sleep now, head hurts. | |
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Oil, gold, Yuan and the USD
