It's obviously possible to buy gold in non-USD currencies. So I think the gist of your comment applies to the dominance the US has over oil markets. So while the "petrodollar" era is still ongoing but its day seem numbered, e.g. by pushing Russia to seek other export markets besides the West, by the increasingly cool perception of the US by OPEC nations [1], etc.[1] https://www.forbes.com/sites/rrapier/2022/10/05/opec-thumbs-...
simple-thoughts|3 years ago