Foreign Correspondence

[CoalTrain]

Iran asking for Oil in Euros will have no impact on the dollar other than a phsycological one IMO. However IF all the other Ducks a lined up at the time that happens the impact could be important. Iran like any other country could dump the dollars for Euros any time they want. So other than the price of conversion where is the big deal in getting paid in Euros or dollars.

http://www.gold-eagle.com/editorials_03/milhouse040503.html

http://www.gold-eagle.com/editorials_03/milhouse062103.html

http://www.gold-eagle.com/editorials_03/milhouse050703.html