Buy Gold: The Iranians are buying gold

Gold Investment - 2 January 2012

Word is out that the Iranians are buying gold to protect themselves against a falling Iranian Rial, the official currency of Iran. This comes after the CIA has allegedly miserably failed in manipulating the Iranian Rial, but now it seems that the latest round of U.S. and European Union (EU) sanctions against Iran is hitting home.

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Word is out that the Iranians are “…camping overnight at the doors of the national banks in order to recover their savings” and that large “…sums of these savings are flowing into the US dollar and into gold” (Iranians flee to gold, Gold Research News, 27 December 2011). It might be true that the Iranians are camping outside national banks in order to withdraw their savings, but we don’t believe for second that any substantial amounts of the withdrawn savings are flowing into U.S. Dollars. It is after all no secret that Iran has for one refused for a while now to accept U.S. Dollars and Euro as payment for oil. In fact, Iranians are educated people who will largely refuse to switch to U.S. Dollars at any time, especially giving the lies that are spread about them in the mainstream Western media. It is after all no secret that an increasing number of people globally are switching from fast failing fiat currencies (non-redeemable paper notes, fiat money, electronic money, the Devil’s money, toilet paper money) to honest money, especially in the form of gold and silver coins. It will thus not surprise us a bit if the Iranians are switching to gold. The Iranian Rial is after all just another fiat currency and will, like all fiat currencies, ultimately collapse, whether the U.S. and EU pushes ahead with sanctions or not. Yes, it might be true that the central bank of Iran has stopped issuing gold coins on 20 December last year (2011) and that new “…gold orders will have to wait up to four months for delivery” (Iranians flee to gold, Gold Research News, 27 December 2011). It might also be true that the Iranian Government is making it harder to acquire gold in order to restore confidence in their fiat currency. However, given the fact that Western governments have been manipulating the gold market for a while now, the actions taken by the Iranian Government are most definitely not unique. In fact, by expanding sanctions against Iran, the U.S., EU and their partners in Israel and elsewhere have declared war on the sovereign nation of Iran, and we all know that desperate times call for desperate measures. Despite this, it is highly unlikely that the Iranian Government will be able to stop or effectively restrict Iranian citizens from switching to gold, especially giving the fact that a flourishing gold black market exists in Iran.

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Invest in precious metals today! Contact us for details.

Given the above, it won’t surprise us at all if crude oil prices hit fresh records when Iran retaliates. Yes, the majority of us have to suffer, just because a few greedy bastards want to steal from and murder the Iranians. This is despite the fact that 99.99% of us are sick and tired of all these illegal wars.