I see that Argentina bought a huge amount of Gold this year. Interesting since the last decade has been characterised by central banks selling their gold for paper. Could be something in that. Certainly would be interesting if other countries followed a similar lead.
As for Saddam, I suppose this was his real weapon of mass destruction.
Despite the fact that it is a real lever that OPEC could potentially hold over the US they will not do it as it will destroy not only their biggest marketplace but also their favourite country of residence where they can gratuitously indulge in excess consumerism, booze, casinos and whoring, while keeping the natives back home in the dark ages.
