Reuters: Iran Switches Reserves to Gold

Discussion in 'Current Events' started by Paulie, Nov 15, 2008.

  1. Paulie
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    Paulie Platinum Member

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    Iran switches reserves to gold: report | Reuters

    This could probably go in several different subforums here, but it's a current event, and an important one.

    Can anyone blame them?
     
  2. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Nope, a wise investment.
     
  3. Paulie
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    Paulie Platinum Member

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    I like how the article spins it as a move made because of oil prices falling.

    It's a move made because of CURRENCY VALUES falling.
     
  4. Ravi
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    Ravi Diamond Member

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    Holy Shit! They actually listen to Ron Paul.
     
  5. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Now if only the United States would.
     
  6. Paulie
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    Paulie Platinum Member

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    Yeah, because he's the one and only voice for the case for gold.

    It's probably not because they aren't morons, and know what's best for their economic future.
     
  7. GigiBowman
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    GigiBowman Active Member

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    That's the first thing that popped into my mind. At least SOMEONE was listening to Ron Paul at the debates :)
     
  8. sparky
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    sparky VIP Member

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    perhaps the q to be asking is what does subscribing to a gold standard allow Iran to do....?
     
  9. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Well one it allows their currency to retain it's value. Secondly, the dollar is the world reserve currency. When the dollar collapses, you're going to see a high demand for gold and silver.
     
  10. editec
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    editec Mr. Forgot-it-All

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