Will Gold Officially Replace the US $ on June 28th?

The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold:

1. It is reasonable to assume that China has been threatened with total or at least selective exclusion from the SWIFT system if it pays in any currency for Iranian oil.

2. Gold has been decided by China as the means of making payment for massive international purchases free of the SWIFT system.

3. Other Asian and Middle Eastern nations will now see the gold they hold as money free of Western economic interference.

4. Gold now is not only money free of liability, but also free from interference regarding settlement by the long arm of Western influence.

5. The SWIFT system is becoming ever more a weapon of Western international political will.

6. In case of war anywhere, it is now demonstrated for all to see that only gold will buy the materials required. Paper currencies are under the SWIFT system's control in settlement.

7. Far from being a barbaric relic, gold is now clearly the money of state survival in every sense.

8. It is reasonable and possible for the supply of physical gold to fall far behind the size of the massive short positions now common to algorithm and hedge fund paper shorts. That will make an effective cover at a reasonable price as compared to a certain day's close impossible the following day on an exogenous event.

9. It may not be possible to use TA of any nature to determine a price of overvaluation for gold. Should the USA decide to take on China in full out economic war with the physical market totally illiquid, such as through isolation from the SWIFT system, consider the gold price that might result.

[link to www.jsmineset.com]

If what you are saying turns out to be true

I think the usa dollar should start dropping again.

It is finding resistance at 80... perhaps this is why.

[link to quotes.ino.com]

China sits on Rockefeller's G30 so these moves are probably well orchestrated.

^^^^^^^^Without a doubt^^^^^^^^

Yup.


Thread: China Paying for Iranian Oil in Gold is Most Important Event in Modern History

We American are THE MOST lied to on this blue earth by the MSM...who knows what already Washington and Beijing already cooked up ....i am sure no one in DC is loosing sleep over it.

Wonder who will have the courage/titanium balls to tell China that they will be booted from SWIFT......think this is the answer on Israel/Usa attacking/Invading Iran before JUNE 28th...feel sorry for all our fellow troops already.
God bless everyone of them.