Luke Gromen: Peak Cheap Oil Will Drive The Next Sovereign Debt Crisis

You’ve hit on my #1 concern for gold being (re)confiscated; oil gets priced in gold.

The goobermint doesn’t really care about gold right now because it’s mouse nuts in dollar terms and they’ve spent so many marketing dollars trashing gold that I believe they believe their own BS.

It will take a while to undo all that programming.

However, as soon as oil gets priced in gold and that’s the only payment an exporter will accept, then the calculus changes.

At that point, all of my gold suddenly becomes jewelry and possibly apparel.

Here’s a future picture of me opening the door to greet the federal agents seeking my gold:

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