The Deadly & Dangerous series from the Perth Mint is now available in a special release pure Gold Set. Given the amazing success of the Silver series starting with the Red back spider in 2006 now selling for between $1200 and $1500 and the other years going up in price this may be a good set to have. The increase in the gold price will also push this set along.
The first report of the diminishing role of paper or fiat currencies I have seen for a while, at least, and it comes from the well connected DEBKAfile
DEBKAfile goes on to say ‘India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar. China is expected to follow suit. India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.’
With China and India opting out of the US led European sanctions against Iran’s international oil and financial business the consequences for gold and silver will be interesting to say the least
Reports have been circulating some time now for oil to be paid in gold instead of US dollars, Gadaffi also proposed such a scheme but this is the first time a reliable source has come up with solid practical information.
It makes the case for having a few coins in gold or silver an increasingly good idea.