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Gold is first shelter for countries like Iraq

bullionstreet.com / Tuesday, January 8th 04:50 PM IST

Iraq is probably the country that is most in need of a great deal of gold reserves given its succession of political and economic crises.

BAGHDAD(BullionStreet): War torn Iraq considering gold as one of the first shelter in times of crisis, according to a parliament committee led by country’s prime minister Nouri al-Maliki.

The Dawlat al-Kanoun parliamentary bloc said gold is the most stable component of official reserves. It will result in the stability and possibly the improvement of dinar exchange rates.

The Iraqi dinar exchange rate is based on the amount of cash reserves, which include not only money but gold as well.

Iraq’s gold holdings quadrupled to 31 tons, the first time something like this has happened in years.

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January 8th, 2013 | Tags: , , , , , | Category: Uncategorized | 8 comments

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  • http://brotherjohnf.com jeff

    be careful you do not mix up our brother judah with those that say they are jews but are not and are of the synagogue of satan!

  • agsilverbear

    Do you mean that “what needs to be done” is to kill every Jew? And to wipe Israel off the map?

    The Bible says it will never happen. God will bless Israel, and he has already cursed those who hate it. Hating Jews is a trap which you’ve fallen into but Jesus (who is a Jew) can extricate you from that trap if you ask him.

    • high plains drifter

      i will answer such a intellectually dishonest and absurd post with the words of america’s greatest poet that you probably never even heard of…

      i rest my case

      • agsilverbear

        You admit that you don’t know Israel’s future. I do know their future because the God of Israel has written it in a book.

        1 The burden of the word of the LORD for Israel, saith the LORD, which stretcheth forth the heavens, and layeth the foundation of the earth, and formeth the spirit of man within him.

        2 Behold, I will make Jerusalem a cup of trembling unto all the people round about, when they shall be in the siege both against Judah and against Jerusalem. 3 And in that day will I make Jerusalem a burdensome stone for all people: all that burden themselves with it shall be cut in pieces, though all the people of the earth be gathered together against it. 4 In that day, saith the LORD, I will smite every horse with astonishment, and his rider with madness: and I will open mine eyes upon the house of Judah, and will smite every horse of the people with blindness. 5 And the governors of Judah shall say in their heart, The inhabitants of Jerusalem shall be my strength in the LORD of hosts their God.

        6 In that day will I make the governors of Judah like an hearth of fire among the wood, and like a torch of fire in a sheaf; and they shall devour all the people round about, on the right hand and on the left: and Jerusalem shall be inhabited again in her own place, even in Jerusalem. 7 The LORD also shall save the tents of Judah first, that the glory of the house of David and the glory of the inhabitants of Jerusalem do not magnify themselves against Judah. 8 In that day shall the LORD defend the inhabitants of Jerusalem; and he that is feeble among them at that day shall be as David; and the house of David shall be as God, as the angel of the LORD before them. 9 And it shall come to pass in that day, that I will seek to destroy all the nations that come against Jerusalem.

        10 And I will pour upon the house of David, and upon the inhabitants of Jerusalem, the spirit of grace and of supplications: and they shall look upon me whom they have pierced, and they shall mourn for him, as one mourneth for his only son, and shall be in bitterness for him, as one that is in bitterness for his firstborn. 11 In that day shall there be a great mourning in Jerusalem, as the mourning of Hadadrimmon in the valley of Megiddon.

        1 In that day there shall be a fountain opened to the house of David and to the inhabitants of Jerusalem for sin and for uncleanness.

        2 And it shall come to pass in that day, saith the LORD of hosts, that I will cut off the names of the idols out of the land, and they shall no more be remembered: and also I will cause the prophets and the unclean spirit to pass out of the land.

        7 Awake, O sword, against my shepherd, and against the man that is my fellow, saith the LORD of hosts: smite the shepherd, and the sheep shall be scattered: and I will turn mine hand upon the little ones.

        8 And it shall come to pass, that in all the land, saith the LORD, two parts therein shall be cut off and die; but the third shall be left therein.

        9 And I will bring the third part through the fire, and will refine them as silver is refined, and will try them as gold is tried: they shall call on my name, and I will hear them: I will say, It is my people: and they shall say, The LORD is my God.

        Zechariah chapters 12,13

        King James Version

  • high plains drifter

    iraq is no longer a country thanks to the united states zionist mercenary armies. we destroyed the birthplace of adamic man, and now our churches say, for us to pray for and support the troops. i say to them. why should I? why should I insult the God of all Creation by asking Him to bless our own people who do wrong things in this world? how indeed.

    so i shall not pray for the safety of murderers and invaders, even though they are my own people. one man’s insurgents is another man’s freedom fighters. somebody said on website one time a while ago. quit going to church. quit supporting such things. and so i have. i cannot in good conscience be a party to such belief systems which condone the wanted murder and illegal occupation of islamic countries , wars based upon lies and now after over ten years, still the volunteers line up to go and fight and occupy never once asking themselves what they are doing and why they do it?

    i am sick of them. these soldiers insult me. as an american they make me look bad. is it my job to make them think rationally about all of this? is it my job to make them see the error of their ways? after all of this time? i say no more excuses. you are either part of the problem or you are part of the solution. and so now, perhaps what they have done to innocent iraqis and afghans, they shall want to and attempt to do to us here in this place.

    i say to them. please reconsider. please stop. please. the world watches and waits until maybe , a small remnant here will do what needs to be done. a line in the sand is approaching now. i feel it. no more flying under the radar. no more waffling. no more hand ringing. the time is approaching and soon, when each of us will have to make a choice. just whose side are you on. as for me and my house, i know where i stand on this. i am prepared for the consequences. i know full well what is at stake. so each of you will have to make your choice.

    will it ever happen? only God knows. and if it does. May He bless it.