Tuesday, April 24, 2012

First India Now China To Start Buying Iranian Oil In Gold On June 28th, 2012

Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold.  China’s imports of the metal are already large, and you can guess what additional purchases are going to do to prices.

The legendary Jim Sinclair states that this is the most important event in the modern history of gold, and that gold is officially replacing the US dollar June 28th.
This massively accelerates gold’s replacement of the dollar as the world reserve currency and the average person has no clue what this even means.

Click here to read the Forbes.com article

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