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Buying crude oil with gold

Buying crude oil with gold

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Iran is selling oil for gold. Is this a trend that the USA will not allow for very long?

http://www.presstv.com/detail/222857.html

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Seems like a pretty dumb thing to do with the impending collapse of the gold bubble.

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Originally posted by KazetNagorra
Seems like a pretty dumb thing to do with the impending collapse of the gold bubble.
There will always be future gold bubbles.

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Originally posted by KazetNagorra
Seems like a pretty dumb thing to do with the impending collapse of the gold bubble.
Think how cool those solid gold nuclear missiles are going to look!

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Look for Ahmadinejad to be flashing gold-plated grins on a television near you very soon.

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Originally posted by Soothfast
There will always be future gold bubbles.
There will always be another 40,000 Nikkei peak. 😉

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Originally posted by no1marauder
Think how cool those solid gold nuclear missiles are going to look!
They'll be awfully heavy, but as long as they can make it to Tel Aviv I reckon the Mullah's will still be pleased.

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Originally posted by Sleepyguy
They'll be awfully heavy, but as long as they can make it to Tel Aviv I reckon the Mullah's will still be pleased.
No apostrophe for the plural, Grammar Man.

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Originally posted by Soothfast
No apostrophe for the plural, Grammar Man.
LOL.

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So, shouldn't this be bigger news? Isn't the US dollar's status as "reserve currency" largely due to the fact that oil trades have been denominated in dollars since the 1970's?

Doesn't this monopoly result in an inflated demand for our dollar that translates into our ability to continue borrowing 40 cents out of every dollar we spend year after year?

Seems like this should be a bigger news.

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Originally posted by Sleepyguy
So, shouldn't this be bigger news? Isn't the US dollar's status as "reserve currency" largely due to the fact that oil trades have been denominated in dollars since the 1970's?

Doesn't this monopoly result in an inflated demand for our dollar that translates into our ability to continue borrowing 40 cents out of every dollar we spend year after year?

Seems like this should be a bigger news.
Demi had a nervous breakdown; the media does have to prioritize.

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Originally posted by no1marauder
Think how cool those solid gold nuclear missiles are going to look!
That's it!!!

The Iranians will want to use them but hate the idea of giving gold to Jews.

It......could.......work!!!

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Originally posted by Sleepyguy
So, shouldn't this be bigger news? Isn't the US dollar's status as "reserve currency" largely due to the fact that oil trades have been denominated in dollars since the 1970's?

Doesn't this monopoly result in an inflated demand for our dollar that translates into our ability to continue borrowing 40 cents out of every dollar we spend year after year?

Seems like this should be a bigger news.
Finally, someone gets it!

http://www.lewrockwell.com/paul/paul303.html

Have you read Ron Paul's "The End of the Dollar Hegemony"? Is that why you are the only one on this forum that gets it?

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Originally posted by Metal Brain
Iran is selling oil for gold. Is this a trend that the USA will not allow for very long?

http://www.presstv.com/detail/222857.html
It's a good thing you can buy gold with dollars.

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Originally posted by Metal Brain
Finally, someone gets it!

http://www.lewrockwell.com/paul/paul303.html

Have you read Ron Paul's "The End of the Dollar Hegemony"? Is that why you are the only one on this forum that gets it?
Gold doesn't have much more "real value" than dollars. It's a currency, just like any other.