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<p>[QUOTE=&quot;desertgem, post: 1355963, member: 15199&quot;]I believe that your conclusion is a far leap. Yes, according to the BBC quotes, <b>precious metals</b> are being sanctioned on Iran, not just gold, but any other also. I believe the inclusion was basically to include Iran&#039;s major commodities going in or out. Oil of course is the largest export of Iran, with grain being a major one last year, with textiles close behind. Major imports besides Nuclear processing centrifuges and uranium ( for power plants of course ). If the European central banks sanction precious metals, the Iranian currency will probably fall more, as they can&#039;t demand payments due in precious metals, and will have to accept paper ( or most likely for humane reasons, food commodities. Yes, there are ways around this and China and others may play a major role, but to equate such political actions to an assumption that it validates a place for gold or any precious metal as &quot;money&quot; is farfetched in my opinion.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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