Thursday, May 5, 2011

The Gold Dinar behind the war in Libya ?

Could it be that the intentions of Gaddafi of introducing the Gold dinar and using it to sell his crude oil  , could that been the real cause that triggered the war in Libya , Gaddafi was urging the African nations and the Arab league countries to introduce a unified currency backed by gold called the Gold Dinar , which will be used instead of the US Dollar in oil and commodities trade , that would have been a death sentence of the US Dollar which is backed by nothing . Libya has 144 tons of gold....

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

1 comment:

  1. The economic conditions in Iraq are unstable and it is important that you keep an eye on the currency exchange and how this appreciates. Once more - down load the Iraqi Dinar iGoogle Gadget and stay on top of it

    Iraqi Dinar