Sign-up for Automatic Receipt of Articles
MUNKNEE ON : FACEBOOK | TWITTER
 
Monday, January 23rd, 2012 | Posted by

Video: India to Pay for Iranian Crude Oil in Gold Instead of Dollars

The EU has delivered on its threat to ban the import of crude oil from Iran, in response to its nuclear programme. The latest round of sanctions prohibits any new oil contracts, while allowing for existing deals to run until July but Tehran is apparently finding ways to keep business pumping. Reports say Iran will keep supplying one of its biggest customers – India – but will get payment in gold instead of dollars. Video* length: 02:37 minutes.

*http://www.youtube.com/user/RussiaToday?feature=watch

Related Posts:

Short URL: http://www.munknee.com/?p=32967

The views expressed herein are the views of the author exclusively and not necessarily the views of munKNEE.com or any other munKNEE.com authors, affiliates, advertisers, sponsors or partners. Notices

Posted by on Jan 23 2012, With 0 Reads, Filed under Gold/Silver, Investing, Oil and Gas. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
Register and Top 40 Gold Stocks

COMMENTS

To post a comment, you must login using Facebook, Yahoo, AOL, or Hotmail in the box below.
Don't have a social network account? Register and Login direct with our site and post your comment.
Before you post, read our Comment Policy - Legal Notice


Comments Closed

Comments are closed

 

WHAT'S HOT

  1. “Will That Be Cash or Gold Bullion?”
  2. Here It Is: The Latest Resource Investment “Fad”
  3. Interested in Buying Gold or Silver Mining Company Warrants? Here’s How
  4. Gold Bugs: Here’s How to Make the Most of the Continuing Bull Market in Gold!
  5. Crude Oil Supply, Demand and Price Projections are Flawed – Here’s Why
  6. Current U.S. Economic Woes Result of Major Structural Shifts in Economy
  7. Housing Collapse Coming to Canada? House Price-to-Rent Ratios vs. America’s At Peak Suggest So
  8. Slicing & Dicing Consumer Price Index Data of the Past 11 Years
  9. A Look at Inflation Specifics Over the Past 5 Months
  10. Addiction to Borrowing Causing Another Bubble – Take a Look
  11. Currency Collapse Coming: Go Get Gold NOW!
  12. Hyperinflation in the U.S. is Possible But Unlikely – Here’s Why
  13. Monumental Change is Coming for Most Americans – Here’s Why
  14. John Embry: Worldwide Debt Saturation Ensures Much Higher Gold and Silver Prices
  15. Sinclair: Gold Will Win Out and Rocket Up in Price by 2015
  16. The 5 Stages of Collapse: Where Are We Currently?
  17. Charles Nenner’s Cycle Analysis Predicts Dow to Peak in 2012 and Then Decline to 5,000 – and Much More!
  18. Richard Russell: The Last Currency Standing Will Be Gold
  19. This “Recovery” Won’t Last! Here’s Why (Part 1)
  20. US “Recovery” Needs More Fiat Money Steriods to Continue! Here’s Why
  1. alternative investments: Subsequent to the most recent financial crisis, portfolio diversification is now a...
  2. mygoldmygold: Wow…that’s a nice prediction…I don’t think we can predict 100% accurately...
  3. taluis: A punitive Sales or Capital Gains Tax on the sale of gold in an economic collapse (or similar situation) is...
  4. steviebee: But….if gold is going to $10,000, why should I only have “7 to 15% in Precious Metals”...
  5. GoldRate: it will be interesting to see if this triangle breaks up or down. We’ve had big volatility this week....
Buy Now! SilverGoldBull.com


DISCLOSURE: It is our intent that all posts on this site be in accordance with the requirements, restrictions and terms of the Copyright Law of the United States and all other copyright treaties to which the United States is party and more specifically of the Digital Millennium Copyright Act - Blogger . As such, all posts on this website have been screened at Library of Congress Catalog as to their eligibility for posting. Should any post be deemed to be inadvertently in contravention of these Acts' terms please advise with substantiation of such apparent contravention (i.e. registration number) and the article in question will be immediately deleted from the site. Also, visit U.S. Code 17-107 Limitations on Exclusive Rights - Fair Use
FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of financial, economic and investment issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
COPYRIGHT & DISCLAIMER: Lorimer Wilson and Johnny Punish are not registered advisors and do not give investment advice per se. The articles to be found on the site are expressions of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. Please consult with a qualified investment advisor who is licensed by appropriate regulatory agencies in your legal jurisdiction before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments. The information on this site was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that while Wilson and Punish may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website they do not intend to disclose the extent of any current holdings or future transactions with respect to any particular security and, as such, you should consider this before investing in any security based upon statements and information contained in any report, post, comment or recommendation you read on the site.