Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
By: Chris Mullen,

Broken Central Banks: 4 Quick Pix
By: Jim Willie CB

Explaining the October Flash Crash in the British Pound
By: Visual Capitalist

The Current Message of Yield Curves: Inflation or Deflation?
By: Gary Tanashian

Gold And Central Bank Confidence
By: Stewart Thomson

Bullion Banks pass the parcel on El Salvador’s gold reserves
By: Ronan Manly

“Chindia” Buying Gold on Dips, 20% Corrections Are “Non Events”
By: Mike Gleason and Frank Holmes

A Yellow Flag for Gold Miners
By: Rick Ackerman, Rick's Picks

Is Weak Productivity to Blame for Sluggish Consumer Spending?
By: Frank Holmes

Introducing Yield Purchasing Power
By: Keith Weiner


GoldSeek Web

Why the Dam is Finally Breaking on the US Dollar

-- Posted Thursday, 23 August 2012 | | Disqus

Maybe Iran wants a bomb. Maybe not.

But blocking it out of the SWIFT system, in other words cutting it off from using the US dollar for its oil trades (among other things) because we suspect it does, simply meant that countries that still want to trade with Iran and which are not beholden to our political whim, have found ways of doing business without a dollar in sight.

That was a reckless decision at best. It opens the door to alternatives... alternatives that Russia, China and India – all major dollar holders – may just like better.

As Doug explains, it may be a step toward a return to a gold-based monetary system, something we've discussed many times in the past.

Watch Doug's illuminating interview with Border Gold's Michael Levy.

-- Posted Thursday, 23 August 2012 | Digg This Article | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2016 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.