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Topic: India to pay for Iran's oil in gold - page 2. (Read 2800 times)

hero member
Activity: 523
Merit: 500
January 24, 2012, 11:58:49 AM
#1
The move by India, if true, will have other unintended consequences: it will bring down the value of dollar.

If India does decide to pay Iran in gold, the decision will certainly push the price of gold high, especially as vast sums are involved in such transactions, and that would hurt the value of the dollar.

http://www.rediff.com/business/report/india-to-pay-for-irans-oil-in-gold/20120124.htm
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