***Precious Metals Investors Club***

[milo3]

White Cobra, The analyst I mentioned stated a war would initially knock silver&gold prices down. My
suggestion was to keep some cash on hand to take advantage
of any knee-jerk drop in precious metals.

Since the U.S. and its European allies blocked Iran's use
of the World's clearing house located in Europe to transact
payments for oil (and other things) Iran has chosen to accept gold and currencies other than the Dollar. Not using the Petro Dollar for oil payments is a big no-no and is thought to have prompted two wars and the removal of dictators in Iraq and Libya.
Several countries considered our friends have agreed to buy
Iranian oil using either gold or currencies other than the Dollar. India has agreed to buy Iran's oil for gold. China, South Korea & Japan will apparently use their currencies in payment.
Does the U.S. really want to twist the arms of our allies ?
Seems to me another war to protect the Petro Dollar is probably in order. A successful war against Iran could again reinforce the use Of the Petro Dollar AND possibly save the U.S. from fully alienating India, S.Korea & Japan.