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China Paying for Iranian Oil in Gold is Most Important Event in Modern History

 
Anonymous Coward
User ID: 2926765
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05/05/2012 11:31 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
Once again barry blew it with his sanctions. Another death nail for the dollar but great for Iran.
Anonymous Coward
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05/05/2012 11:33 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
How do they value the gold if they are not using the USD as the benchmark? Does this mean China will put its own price on the gold it is trading?
 Quoting: Neo81xxx


One oz of gold = x barrels of oil

Do you see a $ in this equation?
 Quoting: Corporal Klinger


Sorry but both gold and oil can be easily had with the correct amount of dollars.

Failure to consider how many $'s both trade in will open yourself to arbitrage traders who will do this for you as you become poor and they become rich :D
 Quoting: Anonymous Coward 14087298


I would rather have a pocket full of gold than a pocket full of fiat dollars that will be subjected to QE infinity!
 Quoting: JACKHAMMMER


And you will be singing a different tune when the day of reckoning occurs. Sorry sir your bill is due in $$'s we don't accept rocks here. LOL!!!

I'll toss a little hint your way. QE to infinity doesn't mean the dollar becomes worthless.
Anonymous Coward
User ID: 2978389
Canada
05/05/2012 11:33 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
The koolaid-soaked "logic" you claim to possess is simply not worth anyone's keystrokes. People's reading comprehension is fine, it's the fundamentals of your argument that are steeped in programming, propaganda and ignorance of the subject matter. Let's give this a few years and see you knows their FRN shit tickets from a hole in the ground, shall we?
Anonymous Coward
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05/05/2012 11:35 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
The koolaid-soaked "logic" you claim to possess is simply not worth anyone's keystrokes. People's reading comprehension is fine, it's the fundamentals of your argument that are steeped in programming, propaganda and ignorance of the subject matter. Let's give this a few years and see you knows their FRN shit tickets from a hole in the ground, shall we?
 Quoting: Anonymous Coward 2978389


Point out the flaw in my argument then. All these people claiming I'm wrong but not one has yet to supply a logical reason why.
ItsMaKa2

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05/05/2012 11:35 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
A REMINDER!

[link to www.telegraph.co.uk]

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Anonymous Coward
User ID: 15530011
United States
05/05/2012 11:39 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
...


One oz of gold = x barrels of oil

Do you see a $ in this equation?
 Quoting: Corporal Klinger


Sorry but both gold and oil can be easily had with the correct amount of dollars.

Failure to consider how many $'s both trade in will open yourself to arbitrage traders who will do this for you as you become poor and they become rich :D
 Quoting: Anonymous Coward 14087298


I would rather have a pocket full of gold than a pocket full of fiat dollars that will be subjected to QE infinity!
 Quoting: JACKHAMMMER


And you will be singing a different tune when the day of reckoning occurs. Sorry sir your bill is due in $$'s we don't accept rocks here. LOL!!!

I'll toss a little hint your way. QE to infinity doesn't mean the dollar becomes worthless.
 Quoting: Anonymous Coward 14087298

Well u need to go ask Greenspan who said all we need to do is print more dollars to solve all our debt issues!
Anonymous Coward
User ID: 2926765
United States
05/05/2012 11:40 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
gold can be converted to green backs in 45 minutes if need be....
Anonymous Coward
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05/05/2012 11:41 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
hidingdoomsolahhhrocket GOLD=OIL NO GOLD=NO OILhiding
 Quoting: Anonymous Coward 15315727


Last time I went to the gas station they took $ no rocks!

Silly tard, LOL!!!
 Quoting: Anonymous Coward 14087298


not for long libtard!
Anonymous Coward
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United States
05/05/2012 11:43 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
...


Sorry but both gold and oil can be easily had with the correct amount of dollars.

Failure to consider how many $'s both trade in will open yourself to arbitrage traders who will do this for you as you become poor and they become rich :D
 Quoting: Anonymous Coward 14087298


I would rather have a pocket full of gold than a pocket full of fiat dollars that will be subjected to QE infinity!
 Quoting: JACKHAMMMER


And you will be singing a different tune when the day of reckoning occurs. Sorry sir your bill is due in $$'s we don't accept rocks here. LOL!!!

I'll toss a little hint your way. QE to infinity doesn't mean the dollar becomes worthless.
 Quoting: Anonymous Coward 14087298

Well u need to go ask Greenspan who said all we need to do is print more dollars to solve all our debt issues!
 Quoting: JACKHAMMMER

Here is another example of where you need to work on your comprehension.

Greenspan is not talking about solving YOUR debt issues. He's talking about the FED's debt issues. Sorry the FED will fix their debt issues NOT yours.

LOL!!!
Anonymous Coward
User ID: 5890490
Netherlands
05/05/2012 11:45 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
The Chinese are running out of money plain and simple. Using their gold is a stop gap until they can come up with a better plan.
they are not selling an ounce to the rest of the world.
 Quoting: Anonymous Coward 2978389

Then what do you call that deal they just made for oil?

Sorry, but if they wanted to get rid of dollars they would have traded them for the oil instead of gold.

But you tards like to put 1 and 1 together and say it equals negative 3. Sorry but I'm here to tell you it equals two.

Good luck with your rock collection!

LOL!!!!
 Quoting: Anonymous Coward 14087298


I didn't realize it's physically possible for someone to bury their head that deeep in the sand.
pick

according to your tard logic US doesn't want dollar either so it needs to spend it right?
cruise

sorry dollarshill China IS slowly dumping dollar and Iran doesn't want the debt backed fiat greenback either, that's why they are trading with gold, it's that simple.
Anonymous Coward
User ID: 5890490
Netherlands
05/05/2012 11:48 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
The koolaid-soaked "logic" you claim to possess is simply not worth anyone's keystrokes. People's reading comprehension is fine, it's the fundamentals of your argument that are steeped in programming, propaganda and ignorance of the subject matter. Let's give this a few years and see you knows their FRN shit tickets from a hole in the ground, shall we?
 Quoting: Anonymous Coward 2978389


don't argue with him, he will drag you to his level and beat you with experience

cruise cruise
Anonymous Coward
User ID: 15541386
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05/05/2012 11:48 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
Oil is the leading cause of cancer, everything made of oil is cancerous there's alternatives same thing with all other cancer causing chems. there's an alternative crimes against humanity criminal
AK001

User ID: 15585257
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05/05/2012 11:48 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
OK, I've done some basic figuring and here is what i have figured out.


Iran imports on average 557,000 barrels a day from China. That equals about 203,305,000 barrels a year.

At the current rate of $98.59 that is about $20,043,839,950 a year in US Dollars. crude figures but in the ballpark.

ok at $1636.00 an oz that come to about 12,251,735 oz a year.

China produceds about 9,700,000 oz worth of gold a year,
Anonymous Coward
User ID: 14707438
United States
05/05/2012 11:49 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
China os dumping gold, but has to. Really means nothing. Sinclair ia afucking joke
Anonymous Coward
User ID: 2926765
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05/05/2012 11:50 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
China is buying gold by the ton. Sinclair is moving out of the country
Anonymous Coward
User ID: 14087298
United States
05/05/2012 11:51 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
The Chinese are running out of money plain and simple. Using their gold is a stop gap until they can come up with a better plan.
they are not selling an ounce to the rest of the world.
 Quoting: Anonymous Coward 2978389

Then what do you call that deal they just made for oil?

Sorry, but if they wanted to get rid of dollars they would have traded them for the oil instead of gold.

But you tards like to put 1 and 1 together and say it equals negative 3. Sorry but I'm here to tell you it equals two.

Good luck with your rock collection!

LOL!!!!
 Quoting: Anonymous Coward 14087298


I didn't realize it's physically possible for someone to bury their head that deeep in the sand.
pick
 Quoting: Anonymous Coward 5890490


Guess you're full of surprises, huh?

according to your tard logic US doesn't want dollar either so it needs to spend it right?
cruise
 Quoting: Anonymous Coward 5890490

Don't really know what to make of that statement as it doesn't even make sense, and I've stated nothing along those lines.

sorry dollarshill China IS slowly dumping dollar and Iran doesn't want the debt backed fiat greenback either, that's why they are trading with gold, it's that simple.
 Quoting: Anonymous Coward 5890490


Did you even read the article or my posts China is dumping Gold for oil NOT USD's. What Iran wants doesn't mean jack. There are plenty of places to get oil for $$'s, it is that simple.
Anonymous Coward
User ID: 15530011
United States
05/05/2012 11:54 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
...


Sorry but both gold and oil can be easily had with the correct amount of dollars.

Failure to consider how many $'s both trade in will open yourself to arbitrage traders who will do this for you as you become poor and they become rich :D
 Quoting: Anonymous Coward 14087298


I would rather have a pocket full of gold than a pocket full of fiat dollars that will be subjected to QE infinity!
 Quoting: JACKHAMMMER


And you will be singing a different tune when the day of reckoning occurs. Sorry sir your bill is due in $$'s we don't accept rocks here. LOL!!!

I'll toss a little hint your way. QE to infinity doesn't mean the dollar becomes worthless.
 Quoting: Anonymous Coward 14087298

Well u need to go ask Greenspan who said all we need to do is print more dollars to solve all our debt issues!
 Quoting: JACKHAMMMER

I guess in mommy's basement dollars are quite valuable, however in the real world the more that are in curculation the less valuable they are!
Anonymous Coward
User ID: 14087298
United States
05/05/2012 11:56 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
...


I would rather have a pocket full of gold than a pocket full of fiat dollars that will be subjected to QE infinity!
 Quoting: JACKHAMMMER


And you will be singing a different tune when the day of reckoning occurs. Sorry sir your bill is due in $$'s we don't accept rocks here. LOL!!!

I'll toss a little hint your way. QE to infinity doesn't mean the dollar becomes worthless.
 Quoting: Anonymous Coward 14087298

Well u need to go ask Greenspan who said all we need to do is print more dollars to solve all our debt issues!
 Quoting: JACKHAMMMER

I guess in mommy's basement dollars are quite valuable, however in the real world the more that are in curculation the less valuable they are!
 Quoting: JACKHAMMMER


Yes and circulation has been coming to a grinding halt, hence USD's strength and the high unemployment.
Anonymous Coward
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Canada
05/05/2012 11:56 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
101% debt:GDP and counting rising fast with employment, production and tax revenue collapsing, trade and fiscal deficits rising and embarking on exponential take-off. Israel's bitch is in great shape.

"LOL" as you like to say.

You need to look-up "logic" in the dictionary, I think you'd surprise yourself.
Anonymous Coward
User ID: 15541386
United States
05/05/2012 11:58 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
Oil's causes cancer #1
Anonymous Coward
User ID: 15530011
United States
05/05/2012 11:59 PM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
...


And you will be singing a different tune when the day of reckoning occurs. Sorry sir your bill is due in $$'s we don't accept rocks here. LOL!!!

I'll toss a little hint your way. QE to infinity doesn't mean the dollar becomes worthless.
 Quoting: Anonymous Coward 14087298

Well u need to go ask Greenspan who said all we need to do is print more dollars to solve all our debt issues!
 Quoting: JACKHAMMMER

I guess in mommy's basement dollars are quite valuable, however in the real world the more that are in curculation the less valuable they are!
 Quoting: JACKHAMMMER


Yes and circulation has been coming to a grinding halt, hence USD's strength and the high unemployment.
 Quoting: Anonymous Coward 14087298

That is where u r totally WRONG look up QE1, QE2,and soon QE3!
Anonymous Coward
User ID: 15088828
United States
05/06/2012 12:01 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
The Chinese are running out of money plain and simple. Using their gold is a stop gap until they can come up with a better plan.
they are not selling an ounce to the rest of the world.
 Quoting: Anonymous Coward 2978389

Then what do you call that deal they just made for oil?

Sorry, but if they wanted to get rid of dollars they would have traded them for the oil instead of gold.

But you tards like to put 1 and 1 together and say it equals negative 3. Sorry but I'm here to tell you it equals two.

Good luck with your rock collection!

LOL!!!!
 Quoting: Anonymous Coward 14087298


I didn't realize it's physically possible for someone to bury their head that deeep in the sand.
pick

according to your tard logic US doesn't want dollar either so it needs to spend it right?
cruise

sorry dollarshill China IS slowly dumping dollar and Iran doesn't want the debt backed fiat greenback either, that's why they are trading with gold, it's that simple.
 Quoting: Anonymous Coward 5890490


I think this is exactly why the Stait of Hormuz is so important since that's how Iran's oil is shipped to asia.
We should be looking at that, because what I think is happening is that the u.s. doesn't want the BRICs to develop and that's why the u.s. is also building up offensive weaponry around Russia to tie up their functioning.
I'm sure teh u.s. would be tickled pink to have strategic weapons aimed at us from canada, mexico, cuba...but OH NO,
the u.s. assumes proprietary first dibs on everything.
I really want to see what Russia does in response to this.
Anonymous Coward
User ID: 2978389
Canada
05/06/2012 12:02 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
"Sorry the FED will fix their debt issues NOT yours.

LOL!!!"

Yeah, when you're wheeling a wheelbarrow full of money down the street to buy milk and cookies.

LOL!!!
Anonymous Coward
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United States
05/06/2012 12:03 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
...

Well u need to go ask Greenspan who said all we need to do is print more dollars to solve all our debt issues!
 Quoting: JACKHAMMMER

I guess in mommy's basement dollars are quite valuable, however in the real world the more that are in curculation the less valuable they are!
 Quoting: JACKHAMMMER


Yes and circulation has been coming to a grinding halt, hence USD's strength and the high unemployment.
 Quoting: Anonymous Coward 14087298

That is where u r totally WRONG look up QE1, QE2,and soon QE3!
 Quoting: JACKHAMMMER


Sorry but I'm not wrong. Look for yourself M1 velocity (circulation) is crashing despite all the QE.
[link to research.stlouisfed.org]
Anonymous Coward
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Australia
05/06/2012 12:05 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
How do they value the gold if they are not using the USD as the benchmark? Does this mean China will put its own price on the gold it is trading?
 Quoting: Neo81xxx


I guess it would be more a case of measuring the respective values of gold and oil in USD and negotiating a barrel per oz price.
Anonymous Coward
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05/06/2012 12:05 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
right now the $ is worth less than the Canadian dollar, it used to be 1 = 1.30 Canadian!
Anonymous Coward
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05/06/2012 12:06 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
Because the greater population IS BROKE!!!
Anonymous Coward
User ID: 15541386
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05/06/2012 12:06 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
Natives are right poising the world for money sick bastards, we'll see what happens supernaturlly lowlifes anything for a buck
Anonymous Coward
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United States
05/06/2012 12:07 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
...

I guess in mommy's basement dollars are quite valuable, however in the real world the more that are in curculation the less valuable they are!
 Quoting: JACKHAMMMER


Yes and circulation has been coming to a grinding halt, hence USD's strength and the high unemployment.
 Quoting: Anonymous Coward 14087298

That is where u r totally WRONG look up QE1, QE2,and soon QE3!
 Quoting: JACKHAMMMER


Sorry but I'm not wrong. Look for yourself M1 velocity (circulation) is crashing despite all the QE.
[link to research.stlouisfed.org]
 Quoting: Anonymous Coward 14087298

m2 look that up1
Anonymous Coward
User ID: 15598153
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05/06/2012 12:08 AM
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Re: China Paying for Iranian Oil in Gold is Most Important Event in Modern History
How do they value the gold if they are not using the USD as the benchmark? Does this mean China will put its own price on the gold it is trading?
 Quoting: Neo81xxx


Simple: troy ounces.

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