3 votes

US attempts to stop the outflow of gold, petrodollar still alive?

The desired effect for the US was to stop the oil for gold trading between India China and Iran. The net result Iran now has the ability to purchase gold outright. Without question the powers that be wanted to stop the bleeding and have gone to desperate measures IMHO. Gold Trading

Some curbs on gold trading also will be removed. While Iran will be allowed to buy and sell precious metals, including gold, it will be barred from accepting them as payment for oil or any other sanctioned transaction, according to the officials. Iran sits on the world’s fourth-largest proven oil reserves. http://www.bloomberg.com/news/2013-11-24/iran-agrees-to-hist...