Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Exactly. Gold is not being used as money, so any arguments about it being better than paper currency because people seem to want it (and also want foreign paper currency) now in Iran for wealth preserving purposes and not transaction purposes say nothing about gold used as money as the diary talks about -- just that people may want to hedge wealth in Iran now more than before for whatever reason.
by santiago on Sun Jan 1st, 2012 at 04:10:09 PM EST
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