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Iran Accuses America Of Purposefully Sending The Price Of Gold... Higher

Tyler Durden's picture





 

That there are theories (and facts) blasting manipulation by various central banks to supress the price of gold over the years is not a secret to anyone (which incidentally is good for anyone who wishes to purchase gold at cheaper price, but that is the topic for another day). Yet one "conspiracy" we had not heard of until now is that America is actively doing what it can to send gold higher. That is no longer the case. A few days ago, none other than the capo di tutti Mexican cappi, Iran president Mahmoud Ahmedinejad, proclaimed that "Iran's enemies were deliberately causing the price of gold and foreign exchange to rise in a bid to undermine the Islamic Republic's economy. "The enemies and ill-wishers want to make a fuss and present wrong information to provoke and deviate the market." The plot thickens. From Reuters: "In order to disturb the market they buy a lot of gold coins with their huge amount of money ... they do the same in the foreign exchange market. But we have got enough reserves to meet all the country's needs." And there you have it: America is willing to risk the reserve status of its currency and send everyone chasing after gold simply so it can destabilize the Iranian economy... And now we've heard it all.

What exactly is Iran's issue? Why runaway inflation of course, which has forced locals to exchange their worthless local fiat and scramble after such stores of value as gold (where have we heard that before).

Iran's inflation rate has been rising steadily from a 25-year low of 8.8 percent hit in August 2010 and the International Monetary Fund has forecast it will reach 22 percent this year.

 

The main pressure on prices has come from Ahmadinejad's policy, introduced late last year, of slashing some of the $100 billion of annual subsidies the state had paid out for decades to keep prices of fuel and food artificially low.

 

A reduction in interest rates paid on bank savings has also prompted Iranians to withdraw their cash and place it elsewhere, while a new tax on gold coins has led many to favour foreign currencies over their traditional safe haven, gold.

 

The price of gold coins and foreign currency has risen sharply in recent months, a fact economists put down above all to fears that rising inflation is sapping the buying power of the Iranian currency, the rial.

So while Belarus is already suffering from hyperinflation following a collapse of its economy earlier in the year, it appears it is Iran's turn next:

While Iranians tend to think of the common green 10,000 rial -- or 1,000 toman -- note as equivalent to one dollar, the price of a dollar in exchange bureaus broke the 13,000 rial mark last week before the central bank took as yet unspecified measures to prop up the currency.

 

On Wednesday the official rate was 10,661 rials to the dollar, with the market price at 12,450, according to financial website Mesghal.ir .

And as always, the last word is Iran's:

"If this evil-doing and arrogance did not exist, the price of foreign exchange would come down. Right now one American dollar isn't worth even 900 tomans in our economy," Ahmadinejad said.

One wonder if alleged Mexican assassins prefer to be paid in rials or in bullion. We will probably find out soon.

 


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Wed, 10/12/2011 - 14:38 | Link to Comment Deadpool
Deadpool's picture

as soon as they announce they'll accept gold for oil the bombs they will be a fallin'.

Wed, 10/12/2011 - 14:46 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Seriously, with these new US "sanctions" on the way, someone is going to take a shot over the fence for real. Iran runs OPEC. Nuff said.

III

Wed, 10/12/2011 - 14:48 | Link to Comment Ancona
Ancona's picture

You just have to be amused whenever Ahmadinnerjacket speaks about......well.........anything!

Wed, 10/12/2011 - 15:40 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture

You just have to be amused whenever Zionist controlled American media speaks about.....well.....anything!!!

Wed, 10/12/2011 - 16:25 | Link to Comment Barbar
Barbar's picture

ahmedinejad for president of the usa

Wed, 10/12/2011 - 16:57 | Link to Comment AldousHuxley
AldousHuxley's picture

Iranians are funny bunch.....they think fiat currency wall st owned American banksters want high gold prices....

 

maybe they were shorting gold? at least don't give your petro billions to goldman sachs unless you want to lose 99% of your investments.

Wed, 10/12/2011 - 15:45 | Link to Comment Treason Season
Treason Season's picture

You just have to be amused whenever Nutenyahoo  speaks about......well.........anything! There fixed it.

Wed, 10/12/2011 - 18:28 | Link to Comment UBIGDummy
UBIGDummy's picture

go to you tube and look up anti zionist Rabbi

Thu, 10/13/2011 - 16:38 | Link to Comment Mesquite
Mesquite's picture

I didn't think he was that stupid...Guess I still have a lot to learn... 

Edit.: Looks like TPTB are ramping up the effprts of building a case for more foreign intervention...

http://www.prisonplanet.com/sources-us-gives-israel-green-light-for-iran-strike.html

Sad...

Wed, 10/12/2011 - 14:51 | Link to Comment Cynical Sidney
Cynical Sidney's picture

any minute now expect israeli precision guided missiles to strike some iranian nuke site hidden in a spider hole

Wed, 10/12/2011 - 15:00 | Link to Comment Pladizow
Pladizow's picture

There must be a reason behind the accusation that has not yet been realized.

If something doesnt make sense there is usually something missing.

Wed, 10/12/2011 - 15:15 | Link to Comment ratso
ratso's picture

There is an advocate for every cause no matter how absurd and an ass for every seat.

Wed, 10/12/2011 - 15:32 | Link to Comment Sabibaby
Sabibaby's picture

Maybe it’s the translator who has an agenda?

Wed, 10/12/2011 - 16:01 | Link to Comment Willzyx
Willzyx's picture

Unless those seats are for women's soccer

Wed, 10/12/2011 - 15:40 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Or, he's just a mad man looking for the net with his name on it

Wed, 10/12/2011 - 18:49 | Link to Comment LongBalls
LongBalls's picture

Not that ZH needs me to confirm this article; my hair stylist is Iranian and returns to Iran a couple of times a year. We speak once a month and she told me that inflation is running absolutley out of control over there. The appetite for gold is crazy according to her. The climax in the middle east is a comin'! And soon.

Thu, 10/13/2011 - 03:18 | Link to Comment bigkahuna
bigkahuna's picture

dork face Ahmadi-Nejad is usually 50-50. Sometimes he states truth that no one else dare utter. Other times he says stuff like this. If he would stop crapping out of his mouth, as most of our politicians do constantly, then the true parts of his message would stick. Otherwise the world stage will gladly brand him and whatever true points he makes to be BS and quackery. 

Wed, 10/12/2011 - 20:04 | Link to Comment DosZap
DosZap's picture

Hell, wat's this idiot screaming about?.

He has oil, and WHY would anyone not want the price of Gold to go up, except CB's,and Western soverigns.

The Arabs, and Persians should be happy as larks...........they have tons of it, just made them richer, and able to buy more war materials.

Has to be, SMS................................Short Man Syndrome.

Wed, 10/12/2011 - 22:59 | Link to Comment covert
covert's picture

so, their politicialized "religion" led them to blindly believe "on faith" that jihad has a higher return than gold and somehow it's OUR fault? obummernomics caused gold to rise. why not blame obummer or, is that politically incorrect? lol

http://expose2.wordpress.com

 

Wed, 10/12/2011 - 14:38 | Link to Comment BeachBummed
BeachBummed's picture

Is it possible to turn sand into gold via thermonucleac heat exchange?

Wed, 10/12/2011 - 14:51 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

I don't think so? BUT, you can make a really cool glass skating rink!

Wed, 10/12/2011 - 14:54 | Link to Comment Sequitur
Sequitur's picture

Nope. Only thing powerful enough to create gold atoms is a Type II supernova, literally a giant star blowing itself to smithereens, during which time the heavy elements like gold are genereated during a precious few seconds over the course of the explosion. Ergo, this is why heavy elements are "rare" elements throughout the universe.

Wed, 10/12/2011 - 15:05 | Link to Comment Pladizow
Pladizow's picture

Gold can be man made in a lab, just not cost effectively: http://www.cchem.berkeley.edu/pdygrp/pub_files/pubpdf/063.pdf

Wed, 10/12/2011 - 17:13 | Link to Comment sampo
sampo's picture

I think the case is, would it be cost effective @ gold $36000?

Wed, 10/12/2011 - 19:32 | Link to Comment Chaffinch
Chaffinch's picture

No.

Using the facilities at CERN they made a few atoms - probably not even enough to be visible to the naked eye.

Wed, 10/12/2011 - 21:28 | Link to Comment Vlad Tepid
Vlad Tepid's picture

The report says you need Ag to make the Au...I'm going out to buy some more silver now.

Wed, 10/12/2011 - 15:07 | Link to Comment Ahmeexnal
Ahmeexnal's picture

yet..."it only costs 5 bucks to dig an ounce of gold outta the ground"

Wed, 10/12/2011 - 21:04 | Link to Comment gtb
gtb's picture

No, that's for silver.

Wed, 10/12/2011 - 15:11 | Link to Comment Tramp Stamper
Tramp Stamper's picture

Speaking of rare elements check out the United States Geological Survey  (usgs.gov) they released the afganistan minerals report.

Wed, 10/12/2011 - 17:14 | Link to Comment sampo
sampo's picture

Many sites gold, only one says silver.

Wed, 10/12/2011 - 14:58 | Link to Comment MrBinkeyWhat
MrBinkeyWhat's picture

No, but I hear from my oil refining buddies that there is a research program to refine radioactive oil. Ctrl/Sarc...maybe ;-)

Wed, 10/12/2011 - 15:42 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Absolutely. Now quit yapping and make me several 400 ounce bars

Wed, 10/12/2011 - 14:38 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Yea, and in the mean time, Iran is running up the price of Uranium and Plutonium so were even. Gimmi a friggin break.

Wed, 10/12/2011 - 14:42 | Link to Comment spiral_eyes
spiral_eyes's picture

I suspect the entire paper-short game is a grab-what-you-can-get ruse. As RP pointed out to Benny, America still has massive gold reserves.

I do think America and Israel want to throw the dice and start a Eurasian war. It's all straight out of the Zbigniew Brzezinski playbook: Eurasia has ahuge resources, America is a resource-hungry Empire in decline with lots of weapons and a lot to lose from a bloc of rising Eurasian autocracies. The ultimate goal is an America-friendly Arab Spring in Moscow, Beijing, Tehran, Islamabad.

Sad truth is Arab spring coming to DC first.

http://azizonomics.com/2011/10/12/military-keynesianism-and-iran/

Wed, 10/12/2011 - 15:07 | Link to Comment JohnG
JohnG's picture

We've always been at war with Eurasia.  Right??

Wed, 10/12/2011 - 15:14 | Link to Comment spiral_eyes
spiral_eyes's picture

Oceania.

Wed, 10/12/2011 - 16:06 | Link to Comment Minimum Clearance
Minimum Clearance's picture

I hate Oceania.  

Wed, 10/12/2011 - 16:58 | Link to Comment JohnG
JohnG's picture

But...I thought "we" were Oceania?  So who  are "we" and who are "they" anymore?

Now I'm completely confused......

Wed, 10/12/2011 - 18:01 | Link to Comment Max Hunter
Max Hunter's picture

Mission accomplished

Wed, 10/12/2011 - 14:41 | Link to Comment Quintus
Quintus's picture

It's as plausible as yesterday's preposterous "Iranian/Mexican Assasinate plot" bullshit.

Are Iran and the US engaged in a "Who can get the stupidest conspiracy theory published in the media" contest?

Wed, 10/12/2011 - 14:42 | Link to Comment Deadpool
Deadpool's picture

Iran/Venezuala would have been more plausible...but of course anything to get Eric Holder and "Fast and Furious" off the front page.

Wed, 10/12/2011 - 15:05 | Link to Comment chubbar
chubbar's picture

Speaking of "Fast and Furious", looks like ole Hillary herself may be involved at some level!

http://sipseystreetirregulars.blogspot.com/2011/10/sipsey-street-exclusive-in-at-beginning_10.html

Wed, 10/12/2011 - 15:20 | Link to Comment Jena
Jena's picture

Doesn't that seem a little odd to pop up suddenly?  I'm no Clinton fan but talk about tossing in one more misdirection just in case the whole Iranian/Saudi/Mexican conspiracy thing doesn't get the heat off of Holder et al over the Fast and Furious matter.

(And it apparently it didn't, since Darrell Issa has issued subpeopnas for all DOJ documents.  Issa is like a determined dog with a bone on this one and good for him.  Arming drugs gangs was the height of stupidity, incompetence or downright devilish intent, depending on what the facts really were.  I wonder if we'll ever know.)

Wed, 10/12/2011 - 20:41 | Link to Comment clymer
clymer's picture

To detract from Holder? The clintons have handled Holder for years.

 

http://www.prisonplanet.com/leaked-memos-reveal-holders-involvement-in-o...

Wed, 10/12/2011 - 15:38 | Link to Comment wandstrasse
wandstrasse's picture

I ask myself how bizarre everything can get. Next up: Blankfein and Dimon and Summers et.al. urge for Silvio Gesell's demurrage money.

Wed, 10/12/2011 - 14:41 | Link to Comment Tsunami Wave
Tsunami Wave's picture

It shounds like they can also just print worthless money to buy up more gold at the expense of everyone below them suffering.  Then again they'll get their wish anyway once the US Dollar stops becoming the preferred currency of transactions for OPEC.

Wed, 10/12/2011 - 14:49 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

That my friend is going to be front and center soon. Hell, we killed Sadam over less.

 

III

Wed, 10/12/2011 - 14:41 | Link to Comment Lazane
Lazane's picture

don't mess with the purveyors of the NWO, or they will whack your sack

Wed, 10/12/2011 - 15:03 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Whack your Sack,

Unprovoked attack.

it was for the children.

The women.

The Freedoms.

The commies.

We're coming to save you, seriously.

We is the good guys.

Sung by the Coward Predator Drone Crews. America the brave, eh?

ORI

The Perversion of Language

Wed, 10/12/2011 - 14:41 | Link to Comment Motorhead
Motorhead's picture

Speaking of Iran, what's CNN's Rudi Bakhtiar up to lately?

Wed, 10/12/2011 - 15:36 | Link to Comment Gold Man-Sacks
Gold Man-Sacks's picture

Damn, I miss her.

Wed, 10/12/2011 - 14:42 | Link to Comment firstdivision
firstdivision's picture

Silly Iran, we measure wealth in binary digits.  Not in tangible value.

 

FYI: We have averaged 20 pts a day for the past 7 trading days. 

Wed, 10/12/2011 - 14:43 | Link to Comment homersimpson
homersimpson's picture

The day the Bernank says "I admit - I really screwed up" is the day we heard it all..

Wed, 10/12/2011 - 14:43 | Link to Comment Falcon15
Falcon15's picture

If America buys oil for $128.00 a barrel, then they sell grain to the Mideast for $7.00 a bushel, there needs to be a change. Raise the price of grain to $128.00 a bushel, and if the Mideast does not like it, they can eat their oil. Ahmadinejad's policies screw his own people. If they are either too short sighted or too indoctrinated to see that, they get what they deserve.

 

Oh, and just a caveat, I am not prejudiced, my mothers family is from the Mideast. I am American to the core.

Wed, 10/12/2011 - 14:48 | Link to Comment Voodoo-economist
Voodoo-economist's picture

"they get what they deserve" thats BS, how can you expect the simple man to raise its hand when its immediately hacked off by religious guards? Its Terror against the people to keep them silent, not much they could do about it without lots and lots of blood on the streets.

Wed, 10/12/2011 - 15:08 | Link to Comment Pladizow
Pladizow's picture

If the US does not get the oil they cant grow the grain!

Wed, 10/12/2011 - 18:06 | Link to Comment Max Hunter
Max Hunter's picture

not for a minute.. but eventually we could..

Wed, 10/12/2011 - 21:11 | Link to Comment Mike in GA
Mike in GA's picture

sure we can...just not enough for export - and, it would create lots and lots of healthy jobs

Wed, 10/12/2011 - 16:03 | Link to Comment Falcon15
Falcon15's picture

God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. ... What country before ever existed a century and half without a rebellion? And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure. - Thomas Jefferson in a letter to William Stephens Smith, November 13, 1787

 

That is the beauty of this idea. It does not apply to one people, or country. It applies to mankind, and every government in existence as a whole. They get what they deserve, if they chose not to effect change. 

Wed, 10/12/2011 - 15:42 | Link to Comment BigJim
BigJim's picture

...Raise the price of grain to $128.00 a bushel

Raise the price of grain to $128 they'll just eat something else, grown somewhere else. Grain is substitutable - oil isn't.

Ahmadinejad's policies screw his own people.

Zzzzzzzz. Of course they do. He's in a government.

Wed, 10/12/2011 - 16:09 | Link to Comment Falcon15
Falcon15's picture

"Raise the price of grain to $128 they'll just eat something else, grown somewhere else. Grain is substitutable - oil isn't."

 

From what country will they get this abundant food? Every country, including the United States, imports a massive amount of foodstuffs, because they cannot effectively produce enough to satisfy their specific needs. In some cases the amount of food and live animals imported to countries is in the trillions of USD per year.


"Zzzzzzzz. Of course they do. He's in a government."

Zzzzzzzz. Of course they do. He's THE government.

There. I corrected that for you.


Wed, 10/12/2011 - 21:37 | Link to Comment Vlad Tepid
Vlad Tepid's picture

From what country?  Well, Russia and Ukraine for starters.  They have a large surpluses.  Canada, Argentina, Australia, New Zealand. All have surpluses.  And there are two dozen others that always sell to the export market before the domesitc one.  It was a good thesis for a high school social studies paper, though

Wed, 10/12/2011 - 14:44 | Link to Comment buzzsaw99
buzzsaw99's picture

I have no quarrel with Ahmadinejad but it sounds like he is losing his marbles.

Wed, 10/12/2011 - 14:49 | Link to Comment Slim
Slim's picture

I always try to listen to the other side to better consolidate facts and access various point of view.  Ahmadinejad...he has come off to me as totally insane on a number of occasions.  I've known a number of Iranians, very decent and solid people.  Good values for the most part - solid parenting with real focus on educating their children and community goodwill (admittedly my experience is a limited sample but for what it's worth...).  Those people deserve far better than this guy.

Wed, 10/12/2011 - 14:55 | Link to Comment Deadpool
Deadpool's picture

same could have been said about Germans in the 20s/30s. It's never the people that wars are fought against...it's the governments thirst for power and history. O's polls in the high 30s/low 40s...looking for anything to turn them around. Wag the dog.

Wed, 10/12/2011 - 20:48 | Link to Comment clymer
clymer's picture

Again, to quote long balls, "Not that ZH needs me to confirm this article; my hair stylist is Iranian and returns to Iran a couple of times a year. We speak once a month and she told me that inflation is running absolutley out of control over there. The appetite for gold is crazy according to her. The climax in the middle east is a comin'! And soon."

 

..not implausible for him to peg domestic inflation also a result of the great satan's global manipulation.

 

That's what political leaders do, right?

Wed, 10/12/2011 - 14:45 | Link to Comment Motorhead
Motorhead's picture

"Losing"?  He done lost 'em.

Wed, 10/12/2011 - 14:49 | Link to Comment buzzsaw99
buzzsaw99's picture

I know a lot of people think he is crazy with his religious zealotry. What I meant is he seems to be complaining that the usd is simultaneously too weak and too strong. Had he said that joos were wrecking his economy without going into specifics that would have made more sense.

Wed, 10/12/2011 - 15:04 | Link to Comment nonclaim
nonclaim's picture

It is not what he does or doesn't say. The Iranian Gov wants a borderline insane person to be as unreasonable loud mouth "diplomat" as possible without causing war so that no negotiation take place for whatever motive they have.

Wed, 10/12/2011 - 15:06 | Link to Comment buzzsaw99
buzzsaw99's picture

i don't think the whole world should have to kowtow to the usa maggots either. am i insane?

Wed, 10/12/2011 - 15:12 | Link to Comment nonclaim
nonclaim's picture

Might as well be... but if you are not acting as a power broker it's harmeless.

Wed, 10/12/2011 - 16:09 | Link to Comment Strider52
Strider52's picture

This morning I really did find a marble on my dining room floor. (No kidding). I didn't know where it came from. Now I do. I'm losing mine apparently.

Wed, 10/12/2011 - 14:47 | Link to Comment Alvaro de Esteban
Alvaro de Esteban's picture

While living in London, as student, a lot of years ago, met some very clever persians.

Seems that none of them returned to Iran

Wed, 10/12/2011 - 14:50 | Link to Comment MsCreant
MsCreant's picture

LOL!

Boy did he give you the perfect set up for that. Man.

Wed, 10/12/2011 - 14:47 | Link to Comment LoneStarHog
LoneStarHog's picture

You must understand that IRAN and GOLD and BUSH are four-letter words, which only goes to prove that IT IS ALL BUSH'S FAULT !!!!!

Thu, 10/13/2011 - 00:16 | Link to Comment Willzyx
Willzyx's picture

So is jobs

Wed, 10/12/2011 - 14:47 | Link to Comment MsCreant
MsCreant's picture

ROTFLMFAO!!

Crying...

Gasping...

Hissy little fucking bitch. Trust me, he believes it. 

Hey, Ahmedinejad! Check it out:

Hyperinflation.

Coming to every fiat near you.

Wed, 10/12/2011 - 20:52 | Link to Comment clymer
clymer's picture

That's the beauty of fiat currency; it eventually causes all political heads to cry about currency manipulation from other nation-states.

 

We do the same thing about China (inversely) - they laugh while asking us in a round about way "if we really want them to dump U.S. Paper??"

 

The entire scam is almost played out

Thu, 10/13/2011 - 01:31 | Link to Comment MsCreant
MsCreant's picture

I wonder if we do a defaltion first. What do you think?

Wed, 10/12/2011 - 14:50 | Link to Comment Lord Welligton
Lord Welligton's picture

It's just a rumour.

Wed, 10/12/2011 - 14:50 | Link to Comment Joebloinvestor
Joebloinvestor's picture

Not as silly as it seems.

Gold is required to build a fissionable nuke, so why not make it more expensive for Iran?

Here are some links:

http://www.independent.co.uk/news/uk/home-news/nuclear-weapon-gold-used-...

http://www.state.nv.us/nucwaste/news/nn10133.htm

Wed, 10/12/2011 - 14:51 | Link to Comment Gringo Viejo
Gringo Viejo's picture

Hard to take a guy in a polyester suit seriously...just sayin'

Wed, 10/12/2011 - 14:54 | Link to Comment darteaus
darteaus's picture

What a maroon.

Wed, 10/12/2011 - 14:55 | Link to Comment Segestan
Segestan's picture

Fantasies are the norm in a nation of religious fanatics. Just wait until they enforce the dream.

Wed, 10/12/2011 - 14:58 | Link to Comment Deadpool
Deadpool's picture

you'll be sorry you said that when the 13th Iman returns to the most sincere pumpkin patch and brings presents and candy to all the good little girls and boys...or is that the Great Pumpkin?

Wed, 10/12/2011 - 15:06 | Link to Comment akak
akak's picture

My Second Coming of Christ beats your 13th Imam.

Or does the rebuilding of the Temple in Jerusalem, and the arrival of the One True Messiah, trump them both?

(Not to mention Ragnarok.  Or the turning of the Mayan calendar.  Or the Hopi Prophecies.  Or the re-election of Obammy.)

It can be so hard to keep all of the Apocalypses straight.

 

 

Wed, 10/12/2011 - 15:30 | Link to Comment Deadpool
Deadpool's picture

bet on the guy that threw the money changers out of the temple.

Wed, 10/12/2011 - 19:57 | Link to Comment StychoKiller
StychoKiller's picture

NEVER sell Cthullhu short!

Wed, 10/12/2011 - 15:02 | Link to Comment akak
akak's picture

Fantasies are the norm in a nation of religious fanatics. Just wait until they enforce the dream.

Very true.

And the adherents of the Church of Fiat are the most fanatical, and blind to reason, of all.

Wed, 10/12/2011 - 15:04 | Link to Comment Segestan
Segestan's picture

Only a fanatic with a dream could disagree.

Wed, 10/12/2011 - 15:03 | Link to Comment MrBinkeyWhat
MrBinkeyWhat's picture

Dear Everybody,

Please keep those silver/gold prices down for as long as possible so I can continue to "not" stockpile them. *please see threads on "where to store your PM's".

BTW: I have my 100T Zim note framed. Looks very cool next to my desk. Constant reminder of just what fiat is "worth".

Wed, 10/12/2011 - 15:10 | Link to Comment HUGE_Gamma
HUGE_Gamma's picture

the real reason the Zionists oppose a nuclear Iran and have killed some of its top scientists is because Iranian technology is at the cutting edge of nuclear transmutation capable of synthesizing precious metals as a by product of the enriched plutonium process.

Once Iran perfects the technology, the untold fortunes of gold coins and platinum bars will be made worthless..

Thats why Israel is actively lobbying Obama to destroy Iran's nuclear transmutational technology program

Wed, 10/12/2011 - 15:13 | Link to Comment akak
akak's picture

Indeed.

And as a beneficial byproduct of the reaction, the stray gamma radiation will be used to turn the Republican Guard into ..... the Incredible Persian Hulk!

Wed, 10/12/2011 - 15:19 | Link to Comment silverserfer
silverserfer's picture

Oh its the 1000 year old durka fantasy about to mastering alchemy and making gold. Put down the laptop bra and go draw in the sand.

Wed, 10/12/2011 - 15:32 | Link to Comment Deadpool
Deadpool's picture

I've got 1000:0 Nobel Prizes in science that says you're a dope.

Wed, 10/12/2011 - 16:14 | Link to Comment Alvaro de Esteban
Alvaro de Esteban's picture

Huge Gamma ray radiation exposure maybe has affected your neuronal synapses

Wed, 10/12/2011 - 16:06 | Link to Comment Accidental Farmer
Accidental Farmer's picture

Why go through all the trouble with nuclear science? Idiots everywhere think paper with sparkley designs on it is worth something. One piece 2x6 inches can buy 3 ounces of silver and can be produced for a couple cents. The technology is perfected in materials and believing dolts, so wtf?

Wed, 10/12/2011 - 16:15 | Link to Comment HUGE_Gamma
HUGE_Gamma's picture

Nuclear Transmutation is a threat to the monetary stability of the Zionist empire.. Just wait till the Iranians get that new reactor working deep in the Mountains and just start dumping AU by the tons on the Comex and LME.. 

The Banking Empire of the NWO will crumble.. Israel should be worried :P

 

troll is obvious, troll is obvious

Wed, 10/12/2011 - 18:46 | Link to Comment silverserfer
silverserfer's picture

Iran is the Infadel!

Wed, 10/12/2011 - 15:11 | Link to Comment silverserfer
silverserfer's picture

ITs actually my fault. I bought too much too quick.

 

Wed, 10/12/2011 - 15:19 | Link to Comment azzhatter
azzhatter's picture

Was he speaking from his Mexico City Palace or Tehran?  Quick, where is Dick Holder?

Wed, 10/12/2011 - 15:28 | Link to Comment MsCreant
MsCreant's picture

Dick Holder.

Does that mean he is holding his dick? Or that he is a place to hold a dick? Or is that the deliberate charm of the name as it captures, on one deconstructionist stoke, the amorphous play and absurdity of the performance of our nation's prosecutor? You see what I am saying? The fuck is in the name as it shifts across meaning fields, first dick holder then dick holder all at the same time.

Wed, 10/12/2011 - 20:01 | Link to Comment StychoKiller
StychoKiller's picture

Double-entendrés FTW!  Look up the word "dicker"

Thu, 10/13/2011 - 01:36 | Link to Comment MsCreant
MsCreant's picture

Nice! Works for me. No doubt lots of dickering to keep Mr. Holder from doing the job we think he should.

Wed, 10/12/2011 - 15:30 | Link to Comment MsCreant
MsCreant's picture

There is no dark and stormy night, no deep meaning, strategy, or motives. 

This guy is a loose cannon. 

Wed, 10/12/2011 - 15:32 | Link to Comment rumblefish
rumblefish's picture

the fed sent gold up. thanks ben.

Wed, 10/12/2011 - 15:58 | Link to Comment New American Re...
New American Revolution's picture

Looks like Iran will have to go to war if the current revolutionary government is going to hold on to power.

Wed, 10/12/2011 - 16:10 | Link to Comment earleflorida
earleflorida's picture

question -

what has iran done to cause such hatred for themselves?

that's right,... baby bush, and darth vadar have painted them into the axis of evil -why?

iran's blue-gold reserves are humongous and geographically perfectly situated for distribution to india, and china ( via ipi pipeline - iran/pakistan/india and eventually china[?]) 

russia however has close ties to the united states regarding energy - the northern european needs, and for that matter all of europe, but as russia has always preached, and practiced a bifurcated deceptive (correlation/ similarities need not apply?) manifesto du`jour -that is to say viva`via, the tapi pipeline -(turkmenistan/afghanistan/pakistan  /india, and[china?) what's interesting is that their are now only three [3] countries in the known universes of nwo central banks non-signatory regarding bis central bank's central bank,... drum roll please - iran, n. korea, and somalia (fallen sheep - libia?)

note: iran is shiite, as is iraq shiite (post war?), whereas the arabs (~all) are sunni

ps.shiites are compariable in religion to lutheran's, and sunni to christianity - jmo

ps2. iranian's don't have a great fondness for russia, but china desparately needs the 2nd largest blue-gold reserves in the world and 3rd largest oil fields in the known universe, and whatever russia says to the contrary iran would be a prize for debate? choose your enemies wisely,...

 

just something to think about when the next diversion precipitates from the me to our front door's

thankyou tyler

Wed, 10/12/2011 - 16:40 | Link to Comment Space BATS
Space BATS's picture

Oil may be priced in Gold.  I don't know the conversion rate, but in the 70's oil crisis the U.S Gov't backed the petro dollar plan with gold to keep buying oil from the middle east, namely the saudis.

Probably a gram or two per barrel.  The U.S Gold reserves probably backed this deal.

Obviously, we have mined more Gold than we have spent acquiring Oil from the middle east.  Btw, this is probably only for Oil from the middle east, not Venezuelan, Mexican, Nigerian, Canadian, or domestic sources.

So the U.S Gov't has an interest in making Gold more expensive relative to Oil, but obviously the Oil is becoming more sour and the quality is declining.

Think about that next time you buy an ounce of the shiny stuff.

Wed, 10/12/2011 - 16:43 | Link to Comment snark
snark's picture

It's a well documented fact....that even though theoretically impossible, there actually ARE more horse's asses in the world than there are horses.

Wed, 10/12/2011 - 17:33 | Link to Comment zerozulu
zerozulu's picture

That is funny. I think $20,000 an ounce is the fair price.

Wed, 10/12/2011 - 21:25 | Link to Comment chindit13
chindit13's picture

I'm trying to guess what Ahmedinejad's screen name is on Zerohedge.  Given his penchant for never having met a conspiracy he couldn't embrace---and no doubt prove it with links to Jones, Tarpley or Rense---plus his proven ability to conspire with the best of them right off the cuff, he fits in here like a Monster Box with a low premium.

I think I know what his name might be, but I have to check with my lawyers before outing his avatar.  I'll just say I believe his is one of the soft core porn avatars, so as to throw everyone off the scent.  Then again he could be hiding behind the avatar of one of America's Founding Fathers.  Makes sense.

And in case anyone does not already know, yes, it's true that he and Nouriel Roubini are fraternal twins separated at birth.

Wed, 10/12/2011 - 23:32 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Very good!  

Since the 12th Imam is due very soon, I am sure you do not have to worry about lawyers in order to out him.

Roubini and I'mADinnerJacket are fraternal twins, that explains a couple of things...

Thu, 10/13/2011 - 01:39 | Link to Comment MsCreant
MsCreant's picture

Now there is a conspiracy!!

Wed, 10/12/2011 - 21:41 | Link to Comment Sizzurp
Sizzurp's picture

I got to hand it to Ahmendinejad for coming up with an original lame excuse for hyperinflation.  Most of the time you hear attacks on big greedy oil companies, greedy farmers, or various price gougers.  They never bother to say "Hey folks we have been spending money like crazy building nuclear weapons and buying missles. We spent everything we had, so now we are just printing like mad monkeys".  Nope, you won't hear that from a politician.  I love the quote from Jimmy Carter, "Inflation is many strange and mysterious things interacting in strange and mysterious ways".

Wed, 10/12/2011 - 21:51 | Link to Comment goat
goat's picture

This Huge Gamma Nuclear Transmutation thing would be bullish for silver, no?  Must...not...say....it....cant....stop....myself....

SILVER BITCHEZ!

 

(Goat as Kirk)

Wed, 10/12/2011 - 21:54 | Link to Comment Gooserooster
Gooserooster's picture

I was interested in the article until the stupid coment on the "mexican assasin".  Let me guess, that assasin was going to use a gun purchased at a gun store in the USA.  (they changed the plot to a "bomb" once the "fast and Furious operation was exposed).  I don't think many people on this forum buy into the Iranian Bomb Plot conspiracy theory.  I don't think the Mexican Maffia would sacrifice their multi-billion dollar drug running operations to make 100,000 for bombing an embassy in Washington D.C., which would effectively put them out of business for good.

 

The government in Iran knew less about this "plot" than their American counterparts in Washington did.  This is just another in a long line of False Flags operations to demonize another country that's on our hit list.

As far as the Gold comments....Iran runs a fiat currency, so they have the same sentiments about gold as the Federal Reserve.

Thu, 10/13/2011 - 13:26 | Link to Comment earleflorida
earleflorida's picture

which is a more lucrative trading vehicle?

#1 drugs  #2 gold  #3 oil  #4 wmd's  #5 all of the above

#5 equates to absolute power in which there is but one master ?

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