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Message: Iran paying for grain with gold, oil - traders

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ebear

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Re: Iran paying for grain with gold, oil - traders

in response to Iran paying for grain with gold, oil - traders by casey13

posted on Feb 10, 12 05:16AM (Log in to use the IP Check tool) ^[?]

Iranian Trade Secretary Rahul Khullar told reporters on Thursday that one private Iranian buyer was interested in importing "a very large quantity" of wheat from India.

OK, so there's the recycling mechanism we were looking for when the "how does India obtain the gold it needs to buy oil" question came up a while back.

Once these kind of arrangements are in place, you have a model for eliminating the dollar in international trade. It may take a while to catch on, but it looks like the ground work is already being laid, and it's the USA that's driving it! Weird.

ebear

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