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View Full Version : Iranian Inflation ------> Run on Banks for GOLD



WhyKnow
12-20-2011, 01:07 AM
There is a thread on another forum by a member IN Iran showing many pictures of lines outside banks of people waiting to buy gold as a hedge. He reports his cab driver just raised rates from 3000 rial to 3500 rial on the same route. The guy is posting some great stuff. This link shows one picture but the translation of article is poor. The poster is Iman1262
http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.bbc.co.uk%2Fpersian%2Fbusiness% 2F2011%2F12%2F111218_ka_curency_exchange.shtml

American Chestnut
12-20-2011, 09:24 AM
They should probably invest in ear plugs too.:36_1_25:

earplugs
12-20-2011, 09:28 AM
caused by western sanctions...the people get upset, riot, cia color revolution 2.0...or is that 3 or 4?

138
12-20-2011, 09:53 PM
Just talked with a Persian ex gf who still has relatives in Iran. She said this story is absolutely true. Not only are people with money in the bank converting to gold, but people are buying physical US dollars on the street (illegally). I just can't believe this story isn't all over the place. To the OP do you have a link to the guy in Iran???

Argentium
12-20-2011, 09:57 PM
They should probably invest in ear plugs too.:36_1_25:



Or sunblock with a SPF of 10,000.

138
12-20-2011, 09:58 PM
Found the original thread with a search, reading now, incredible photos... Maybe a glimpse of what could be coming here in the future.

138
12-20-2011, 10:04 PM
Or sunblock with a SPF of 10,000.

That's another thing. Her family is terrified of getting blown of the face of the earth. That thought has been on the back burner of the peoples minds for a long time but now people talk like war (or more likely just getting nuked) is an inevitability.

WhyKnow
12-20-2011, 11:06 PM
I'm surprised it's not all over also. Actually, I guess I am not surprised.