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Iran: 907 tons of gold; why don't they just say fuck it, and back the Rial with gold/oil?
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[quote:Anonymous Coward 11713342:MV8yMDA4MDExXzMzNzM4OTA5XzFGQ0M4MkJF] :bump: for the NY "white shoe boys" ... [/quote]
Original Message
Iran "officially" (read: they'd be insane to declare everything they have!!) has 907 tonnes of gold.
source: [
link to www.presstv.ir
]
That's 3x more than the UK (Cheers, Gordon Brown).
It's value is, at todays gold price of $1780/ Oz:
1780*32.1 Oz/kilo = $57,000 per kilo
1000 kilos in a tonne.
$57,000,000 per tonne.
57m * 907 = $51.7 bn
Gross external debt in 2010 was $14.34 billion
Source: [
link to en.wikipedia.org
]
So, why not back the currency with oil or gold?
Inflation problem solved.
Currency collapse problem solved.
First 'hard' currency in new world.
??????
thoughts
???????
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