Many OPEC members have already held conferences (and a few have already traded oil for gold) on exhanging crude for gold reserves.<quoted text>OPEC doesn't want to devalue the dollar, thanks to the global FIAT economy, it's their gold. This is what is causing the entry level labor and manufacturing crisis in the US. So the elevated price of oil and the devalued global competitiveness of the dollar can be good for US Americans, note; not necessarily for the standard of living of average US Americans. Nobody gets elected on the truth.
My point was that inflation is a devalued dollar. So, of course it will continue to rise [and gold will continue to have a bull parade].