Foreign Countries Circumventing The U.S. Dollar In Favor Of Gold
Blog Feb 20, 2012
India and China considering paying for Iranian oil in gold instead of U.S. dollars in order to circumvent the oil embargo. This could severely hurt the sanctions that the US and Europe are imposing in an attempt to shut down the Iranian nuclear program. Circumventing the dollar is also not good for the value of the dollar.
Secure Your Future With Gold & Silver
Access expert advice and transparent pricing—backed by decades of leadership in retirement protection.
