Saturday, August 14, 2010

HMMM...: Iran gold imports hit 22 tons in four months

Iran imported over 22 tons of gold ingots worth over $855 million in the first four months of the current calendar year (started March 20, 2010).

The amount shows 85,000 percent increase in terms of volume and 81,000 percent rise in terms of value in comparison to the same period previous year, ISNA News Agency reported.

The figure accounts for 4.64 percent of Iran's total value of imports during the mentioned period.

Turkey, Russia, and the United Arab Emirates were the main exporters of gold to Iran.

Iran imported $1 million worth of gold during the first four months of previous Iranian year.

WHY WOULD THEY NEED GOLD - AND SO MUCH OF IT - NOW?

IT'S NEARLY A BILLION DOLLARS WORTH OF GOLD.

IS THE ELITE AFRAID THE CURRENCY IS SOON GOING TO COLLAPSE?

COULD BE.

STAY TUNED...
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1 comment:

  1. Unknown9:35 PM

    Hi Guys.
    An intesresting post, a while back i read a story about Iran selling off most of his Euro reserves.This might explain what was used for buying the gold ,i don't have the link handy now but it can't be to difficult to find more info on it.
    i'lll link tomorrow to your posting.have a great day1

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