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News Link • Iran

REPORT: Iran Is Bypassing Sanctions And Redefining International Trade With Gold

• http://www.businessinsider.com, Tyler Durden
 

In recent months there has been a lot of incorrect speculation that because Iran has been shut off from the petrodollar, SWIFT-mediated regime, its economy will implode as the country has no access to the all important greenback and can thus not conduct international trade - the driving factor behind the international sanctions that seek to topple the local government as Iran dies an economic death.

And while there have been bouts of substantial inflation, which so far the local government appears to have managed to put a lid on by curbing gray market speculation, Iran continues to more or less operate on its merry ways with international trade most certainly taking place, especially with China, Russia and India as main trading partners.

"How is this possible" those who support the Western-led embargo of all Iranian trade will ask?

Simple – gold. Because while Iran may have no access to dollars, it has ample access to gold.

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