Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Iran: 907 tons of gold; why don't they just say fuck it, and back the Rial with gold/oil?
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:MARTIAL_LAW:MV8yMDA4MDExXzMzNzM5ODI2XzQzQkYwRkY=] [quote:Anonymous Coward 24811310:MV8yMDA4MDExXzMzNzM3NTkxXzkxQUM1OEY3] That is exactly what Gaddafi was about to do with the dinar - and look what happened to him. [/quote] this...it's one of the main reasons for the war in Iraq. No one single-handedly messes with the petrodollar...but now it's becoming a full out attack...dollars days are numbered. [/quote]
Iran "officially" (read: they'd be insane to declare everything they have!!) has 907 tonnes of gold.
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
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.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Federal Dietary Guideline Committee Focused on ‘Population Behavior Change’
The National Hot Dog Council Says Never Use Ketchup On Hot Dogs
U.S. government to cede control of key Internet body
Analysis shows 2nd possible Indian Ocean path for Malaysian airliner
All major web browsers compromised at Pwn2Own hacking contest
Facial Recognition Glasses To ‘Stop Crime Before it Happens’
The Real Expiration Date for Common Foods
The Chief Operating Officer of Facebook Wants to Ban the Word “Bossy”
Tap water contaminant ‘castrates’ frogs
George Soros’ Giant Globalist Footprint in Ukraine’s Turmoil
Report: Malaysia Airlines Flight 370 was in the air four hours after loss of contact
Denver Cops Forced to Wear Cameras, Unable to Delete Footage
Venezuelans Are Marked With Numbers To Stand In Line At Government Supermarkets
Connecticut Cop: I Will Kick Down Doors To Confiscate Guns
Federal Judge Clears Detroit Florist’s Delivery By Drone
Comcast to Air First Television Ads for Medical Marijuana
Chinese government website says it has images of suspected plane debris
Malaysian plane disappearance linked to 9/11 ?
Oklahoma Senate Passes Bill to Authorize Gold and Silver as Legal Tender
Obamacare Individual Mandate Quietly Repealed for 2 Years
UN Report Calls For Radical, Democratic Food System
NSA masquerades as Facebook to hack your computer
OBAMA ORDERS EXPANSION OF OVERTIME PAY
Man Dies From Heart Attack Caused By Severe Nail Biting Habit
These Are Some Of The 239 People On Board The Missing Malaysia Airlines Flight
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.022s (5 queries)