imaloon1
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Pretty sure I was right about this :)
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India to pay for oil with Gold instead of dollars.
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imaloon1
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Pretty sure I was right about this :)
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No junior economist postings here?
THE FLARES HAVE EATEN YOUR BRAINS!!!
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Scarne
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http://en.wikipedia.org/wiki/List_of_countries_by_gold_production
They are pretty far down in term of gold production. So at some point they will have to be buying gold using some sort of currency in order to make such payments. 
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imaloon1
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China and India both have purchased thousands of tons of gold in the last 6 years or so.
Just for this purpose it would seem.
China alone had a single purchase of 4000 TONS of gold in like 06 or 08 maybe even.
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theredkay1
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/shrug
Unless Iran decides to use the gold to build some awesome gold palaces this is a boring story.
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Sin_of_Onin
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The world be a lot better if India bought some USD to pay them with.
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GrilledCheez
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They are ultimately shooting themselves in the foot. This story is a non issue to me. bring on a little weaker dollar IMO.
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Taliesihne
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Pretty sure I was right about this :)
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It's an 'exclusive' tip by a 'news' agency I've never heard of and whose record is murky at best.
http://en.wikipedia.org/wiki/Debka.com
Corroborate in a major news outlet with independent sourcing please (i.e - not attributed to the Debka source)
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Onslaught.
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Pretty sure I was right about this :)
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theredkay1 posted:
/shrug
Unless Iran decides to use the gold to build some awesome gold palaces this is a boring story.
Are you trying to tell me that gold is just a pretty metal with absolutely no intrinsic value beyond people liking its sparkling and an artificially maintained market price that was created solely by those who own large amounts of gold? Preposterous.
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Heladric
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Pretty sure I was right about this :)
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ok
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Friarspam
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Pretty sure I was right about this :)
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Gold has a trade value that has outlasted EVERY fiat currency in existence.
How long has gold been used for debts? Since it was discovered.
How about (pick ANY current fiat currency)
Now noobs, can you get off your "holy dollar" cross, someone might need the wood.
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theredkay1
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Pretty sure I was right about this :)
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Friarspam posted:
FIAT CURRENCY ARGLEBARGLE!
 goldissopretty
Horses have been used for transportation much longer than automobiles. Wood has been used to build shelter much longer than concrete.
Why dont you get all googlyeyed over those?
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Abaddon_Ambrosius
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Pretty sure I was right about this :)
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theredkay1 posted:
Friarspam posted:
FIAT CURRENCY ARGLEBARGLE!
goldissopretty
Horses have been used for transportation much longer than automobiles. Wood has been used to build shelter much longer than concrete.
And... uhm... they still are. And they remain superior to our modern materials in many contexts.
GOD what a dumbass 
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Sgian_Dubh
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Pretty sure I was right about this :)
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Abaddon_Ambrosius posted:
theredkay1 posted:
Friarspam posted:
FIAT CURRENCY ARGLEBARGLE!
goldissopretty
Horses have been used for transportation much longer than automobiles. Wood has been used to build shelter much longer than concrete.
And... uhm... they still are. And they remain superior to our modern materials in many contexts.
GOD what a dumbass
When was the last time you saddled up your horse and rode to work at a wooden skyscraper?
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NuEM
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Pretty sure I was right about this :)
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But GOLD...
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theredkay1
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Pretty sure I was right about this :)
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soooooo shiiinnnnnyyyyyyy
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AzureTyger
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Pretty sure I was right about this :)
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Yukishiro1
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The best weapon is clearly a rock because it's the oldest.
Insert video of weird alien throwing rock at Kirk.
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imaloon1
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Weren't rocks the weapon of choice from the Aliens in Starship Troopers?
Pretty sure they were.
I would like to point out that Reese and I already covered this topic last week and none of you idiots paid any attention there either.
This is just another corroborative story along those lines.
You could have also looked up the Iranian Oil Bourse and seen what other methods Iran has to get around any sanctions put against it.
Hard work though for this lot.
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Sin_of_Onin
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Pretty sure I was right about this :)
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imaloon1 posted:
Weren't rocks the weapon of choice from the Aliens in Starship Troopers?
Pretty sure they were.
I would like to point out that Reese and I already covered this topic last week and none of you idiots paid any attention there either.
This is just another corroborative story along those lines.
You could have also looked up the Iranian Oil Bourse and seen what other methods Iran has to get around any sanctions put against it.
Hard work though for this lot.
Yes the loon squad arrggllbarrgled over this stuff recently and was mocked accordingly. Do you want to be mocked more or what?
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reesescups
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Pretty sure I was right about this :)
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Sin_of_Onin posted:
imaloon1 posted:
Weren't rocks the weapon of choice from the Aliens in Starship Troopers?
Pretty sure they were.
I would like to point out that Reese and I already covered this topic last week and none of you idiots paid any attention there either.
This is just another corroborative story along those lines.
You could have also looked up the Iranian Oil Bourse and seen what other methods Iran has to get around any sanctions put against it.
Hard work though for this lot.
Yes the loon squad arrggllbarrgled over this stuff recently and was mocked accordingly. Do you want to be mocked more or what?
HAHAH mocked by who, you?
hahahha
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