Tuesday, 24 January 2012

Gold for Oil: India and Iran Ditch Dollar

"According to a new and yet unconfirmed report, India bought oil from Iran using gold. India certainly has the gold resources to fund the oil, while Iran is under pressure by the West, due the continuation of its nuclear program."

The trend continues. More and more countries are moving away from using the unstable US dollar as the reserve currency of the world.

- Read the full article here: