Iran introduces de facto gold standard.

Discussion in 'News' started by Baya Rae 4900, Jan 25, 2012.

  1. Baya Rae 4900

    Baya Rae 4900
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    Lawlman

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    [​IMG]

    http://www.salem-news.com/articles/january242012/iran-gold.php
     
  2. zaiger

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    2017 Faggot Of The Year

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    Whoever wrote this sounds like a humongous liberal douchebag.
     
  3. KelpBurn

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    Dramacrat

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    So I have the dumb tonight, I just want to know if this is going to financially put me in the shitter or not.
     
  4. MrGask

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    #FreeGask

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    "And now experts say, the huge sums of money that will be gleaned from these new deals in gold, are expected to boost the price of gold and also depress the value of the dollar on world markets."

    I would like to talk to these experts, as releasing more gold onto the market (you cannot eat gold, so Iran will have to spend it on something) is in no way going to increase the price of gold.

    Still, I would welcome WWIII.
     
  5. PerpetuallyAroused

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    Girlvinyl

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    Lol liberals. Crush arabs.
     
  6. Baya Rae 4900

    Baya Rae 4900
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    Lawlman

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    Short-term? No. Long-term? Probably.

    Dollar is the de facto reserve currency of the world. America's blockade of Iran and Iran's embracing of gold as a result might create a domino effect. Which would mean there would be less of a demand for US dollars. Which means that the dollar will inflate. Iran used dollars for trade before America decided to be America, BTW. Just putting it out there to all the warmongers.
     
  7. Web v1.0

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    >ancient Persia
    Oh, for crying out loud! The totalitarian revolution of 1979 obliterated the last vestiges of the connections back to ancient Persia.
     
  8. xy0xy1

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    ironic because their people topple themselves
     
  9. Baya Rae 4900

    Baya Rae 4900
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    Lawlman

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    I'm pretty sure the Mongol invasion of Persia in 1219 obliterated any connections with ancient Persia.
     
  10. MrGask

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    #FreeGask

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    Dollar is the de facto reserve currency of the world. America's blockade of Iran and Iran's embracing of gold as a result might create a domino effect. Which would mean there would be less of a demand for US dollars. Which means that the dollar will inflate. Iran used dollars for trade before America decided to be America, BTW. Just putting it out there to all the warmongers.[/quote]
    No doubt this will have an effect on the exchange rate of US$, but the price of gold is only going to drop on the world market.
    I suppose the point they are trying to make is that gold will become more expensive to Americans subjectively. Good thing I invested in Pounds (which will probably take a shit soon also, hmmm...).
     
  11. Baya Rae 4900

    Baya Rae 4900
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    Lawlman

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    Gold now has a major oil producing nation behind it. The demand for it will be even greater as a result. Not to mention that it's what (smart, rich) people invest in when times are tough to protect their wealth.
     
  12. Web v1.0

    Web v1.0
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    That too.

    And the Shah's land reforms too.
     
  13. h0xnbl0w

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    Free Iran and Palestine allah akbar.
    JIHAD JIHAD JIHAD JIHAD JIHAD
     
  14. faggotmaximum

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    i wonder who everyone of significance might be?
     
  15. MrGask

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    #FreeGask

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    Having an oil producing nation behind it has nothing to do with the price of gold.
    The other bit is a myth perpetrated by those very same smart, rich people to drive up the price of their gold as they sell it to smart? middle/lower class people.
     
  16. Trixie

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    The Nicest Poster on EDF2

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    iran is made of persians...
    i will forgive your mistake.
     
  17. PerpetuallyAroused

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    Girlvinyl

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    "persian" is just means "pale arab". I know far more about world history than you do trix.
     
  18. SnowKipz

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    Ediot

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    Ok, this actually might end up not being good. Fucking finally, some developments.

    Now if only the US quit the foreplay and went in dry.
     
  19. Trixie

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    The Nicest Poster on EDF2

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    source..... or it doesn't count.
     
  20. Baya Rae 4900

    Baya Rae 4900
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    Lawlman

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    It drives up the demand which drives up the price.

    And no, nobody uses gold as a means of gaining profit. They use it to protect their financial assets. As was shown in another thread of mine, the monetary inflation kills off any supposed gain in revenue.
     
  21. molb*

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    That's like saying "comely" is just "homely" but with a C.