Potential end of exclusive dollar-based oil deals makes gold and silver shine

 "In place of the greenback, the nations plan to use a basket of currencies, including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar, the report said. "

Using a currency other than the USD to price oil has the potential to further undermine the US Dollar. This could eventually lead to a currency crisis.  

See Potential end of dollar-based oil deals helps gold shine

Several officials have been quick to deny this intention, although sevaral countris are know to push for this, Oil states say no talks on replacing dollar .