No matter how they trade it all filters down to one common denominator - US DOLLAR. If Iran wants payment in gold the amount of gold will be based on its value in US dollars, if they want payment in EURO it will be based on EUR/USD. The USD is the Worlds default currency, and will be for a long time.
I understand... "It is the policy of the United States and it will remain the policy of the United States to remain committed to a strong dollar." Timothy Geithner, U.S. Treasury Secretary, (July 15, 2009) The dollar will remain the worldâs dominant currency for âmany years to come.â He Yafei, Chinaâs vice foreign minister, (July 5, 2009) There are at least two countries to lose big time that are dependant on oil imports making public statements... ES P.S. Have you ever noticed that ALL media is a big lie? Dr. Henry Kissinger once said that Media, Oil & Food was the three devices for controlling the masses...Which one does the USA use? You answer?