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US Presses Turkey to Stop Using Gold in Trade With Iran

As US Sanctions Grow, So Do Ways to Avoid Them

US sanctions against Iran are turning into a major humanitarian problem. causing major hardship for average Iranians and medicine shortages in hospitals. Each week the US imposes more sanctions on commerce, forcing Iranians to find new ways to keep vital goods flowing.

So late last week, hopeful to keep getting paid for natural gas exports to major trading partner Turkey and facing banking sanctions that make any trade in any government currency all but impossible, Iran started trading in gold with Turkey.

Since gold is a physical currency and not a paper money, the US can’t really do anything about it. At least that’s what Iran and Turkey think. The US State Department is pretty sure they can, however, and is threatening Turkey over possible “sanctionable transactions.”

Energy Minister Taner Yildiz, fresh off his unsuccessful attempted visit to Iraqi Kurdistan, shrugged off the threat insisting that the US can’t sanction trades of gold for natural gas and that Turkey is just going to keep doing it no matter how much the US complains.

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"Gold isn't money" -- The Bernank says so!

When asked whether gold is money, Bernanke flatly responded “No.”

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

Not Good for Iran or Turkey...

Once a country starts dealing in Bullion, and avoids the Petro Dollar or more importantly the grip of the Federal Reserve...We either stage an uprising to overthrow the big bag dictators, or we just go in on some WMD Propaganda and topple the regime.

Should be pretty obvious who really drives our foreign policy.

WAKE UP PEOPLE!!! Audit the Damn Fed and take back the Republic!

For Liberty!

Viva la R3VOLution!!!

Sanctions Are an Act of War

Iranians are our friends. I just don't get it.

What do you think?

US does not want anyone to use gold

They are even making ebay take off all their gold coins.

Are you sure? I saw they were forced to remove

Liberty Dollars but didn't know it covered all gold coins.

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

You're right.