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Will Gold Officially Replace the US $ on June 28th?
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Oiled In Florida:MV8xODQ2NzYyXzMwODAwMTMzXzJCMTIyRjdE] [quote:Anonymous Coward 11722061:MV8xODQ2NzYyXzMwNzg5NTg2XzNBQjFDN0I=] China sits on Rockefeller's G30 so these moves are probably well orchestrated. [/quote] ^^^^^^^^Without a doubt^^^^^^^^ [/quote]
Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold.
Chinaís imports of the metal are already large, and you can guess what additional purchases are going to do to prices. On the last day of 2011, President Obama signed the National Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is called, attempts to reduce Iranís revenue from the sale of petroleum by imposing sanctions on foreign financial institutions conducting transactions with Iranian financial institutions in connection with those sales.
This provision, which essentially cuts off sanctioned institutions from the U.S. financial system, takes effect on June 28.
link to www.jsmineset.com
link to www.forbes.com
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