Does it Matter if Oil is Not Priced in Dollars Anymore?

There is a categorical difference between using a currency to pay for something and using a currency to price something. If you are using gold or bitcoin to pay for something, it makes little difference if that item is priced in dollars. Given all the volatility in the world right now and everyone wondering if the global trend to de-dollarization will continue, this is the fundamental distinction to watch out for. Once something is priced in a different currency, watch out.

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0:00 Intro
0:52 Priced in vs Payed in
2:50 The Denominator is what Matters
7:19 Salability Across Time and Space
10:59 Conclusion

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#oil #dollar #gold