http://www.zerohedge.com/news/iran-m...nstead-dollars
Based on the precedent already set - it can't be that far off.
http://www.zerohedge.com/news/iran-m...nstead-dollars
Based on the precedent already set - it can't be that far off.
so we can then expect the demand and price for gold to rise in accordance with this.
Currently has:
$5,521 Federal Reserve Notes in circulation stamped "NOT BACKED BY GOLD"
- SUPPORT FREE TRADE, SMUGGLE -
2 + 2 = 5.
The machine gets what the machine wants.
They would be willing to accept gold, but would countries be willing to use gold to buy oil? The article says they also accept other currencies. And that includes dollars.
"In its trade transactions with other countries, Iran does not limit itself to the U.S. dollar, and the country can pay using its own currency," central bank governor Mahmoud Bahmani was quoted as saying. "If a country should so choose, it can pay in gold and we would accept that without any reservation."
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