Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Park Avenue has over 30 years
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Buffett Says More Bank Failures
4.12.23 - Buffett Says More Bank Failures
Gold last traded at $2,014 an ounce. Silver at $25.48 an ounce.
Is US Petrodollar Dominance Coming to an End? -Greek Reporter
If the US dollar has feelings, it's likely feeling pretty ganged up on about now; and rightfully so. As the murmurs of death to the petrodollar continue, the substance behind that sentiment grows larger. More and more countries are abandoning its use as they look for - what they believe to be - better alternatives.
By Alexander Gale
A recent succession of oil deals has raised concerns in Washington that the supremacy of the dollar in oil transactions is threatened. Recent agreements made by countries like Saudi Arabia and China relating to the trade of crude and petroleum products could pose significant geopolitical consequences.
The petrodollar refers to the US dollar's dominant role as the global reserve currency in the international oil trade. Oil-exporting countries receive payment for their oil exports in US dollars, which has strengthened the currency's value and its demand worldwide.
