« CONSTITUTION Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Iran evades US sanctions by paying with gold 

By: DueDillinger in CONSTITUTION | Recommend this post (1)
Fri, 10 Feb 12 11:32 AM | 63 view(s)
Boardmark this board | Constitutional Corner
Msg. 17380 of 21975
(This msg. is a reply to 17378 by lkorrow)

Jump:
Jump to board:
Jump to msg. #

Not just the Iranians...

Abandoning The Dollar For Gold
Jan Skoyles

...Last month the papers were full of reports stating Iran had agreed to sell their oil to India in exchange for gold. The agreement to trade in gold sidesteps the sanctions issued by the EU and US law which prohibit all new oil contracts and have frozen the Iranian central bank’s assets in the EU. Soon after the India/Iran story there were reports of both Russia and China making similar deals with the Iranians.

This isn’t the first time international payment agreements have been rumoured to be taking place. In 2009, there were reports of the Arab states, along with Russia, China, Japan and strangely, France, to start trading oil using a new basket of currencies. This basket was rumoured to include the Japanese yen and Chinese Yuan, the euro, a new, single currency planned for nations in the Gulf Co-operation Council and of course, gold...

http://thedailygold.com/commentaries/abandoning-the-dollar-for-gold/?p=14227/

Gonna be a good day for buying gold/silver tomorrow.

Uploaded Image

∆∆




» You can also:
- - - - -
The above is a reply to the following message:
Iran evades US sanctions by paying with gold
By: lkorrow
in CONSTITUTION
Fri, 10 Feb 12 11:23 AM
Msg. 17378 of 21975

Iran evades US sanctions by paying with gold

Iran bought 200,000 tons of Australian, and possibly US, wheat last week with gold. Commodities traders say Iran is also pitching oil barter deals for grains.

Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since Western sanctions against Tehran started choking imports of food staples, European wheat exporters said.

http://www.csmonitor.com/World/Latest-News-Wires/2012/0209/Iran-evades-US-sanctions-by-paying-with-gold


« CONSTITUTION Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next