Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

Like Tree3Likes
  • 2 Post By PMBug
  • 1 Post By ancona

Reply
 
LinkBack Thread Tools
Old 11-14-2014, 10:31 AM   #1
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
A government to mint it's currency in Gold, Silver, and Copper

http://news.yahoo.com/islamic-state-...100203740.html

"The leader of the Islamic State group has ordered the terror organization to start minting gold, silver and copper coins for its own currency — the Islamic dinar."

Abu Bakr al-Baghdadi instructed his followers to mint the coins to "change the tyrannical monetary system" modelled on Western economies that "enslaved Muslims."

"It said the dinar's purchasing power would be its weight in gold, silver or copper."

__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 11-14-2014, 11:40 AM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,024
Liked: 2447 times
Oh my. Prepare for all sound money advocates to be equated with terrorists.
rblong2us and Chigg like this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 11-17-2014, 01:09 PM   #3
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,969
Liked: 872 times
Quote :
"It said the dinar's purchasing power would be its weight in gold, silver or copper."
so how heavy is a dinar ......... and can I have mine gold weighted please ?
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 11-18-2014, 11:03 AM   #4
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Isn't this exactly why we got rid of Ghadaffi? He wanted to exchange gold for oil, so we erased all their infrastructure using kinetic something or another, then armed the exact militants speaking about creating hard money right now. We created this entire mess, from al quaeda to isis and everything in between. Hamas is also a peripheral creation of ours, since we arbitrarily took a huge chunk of desert and helped give it to Israe3l, displacing a lot of Bedouins in the process.
dontdeBasemebro likes this.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 11-18-2014, 08:08 PM   #5
Moderator
 
Join Date: Oct 2011
Posts: 494
Liked: 280 times
Yup, Ghadaffi had supported a gold African dinar, for use by African and Muslim countries, for a long.
dontdeBasemebro is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Perth Mint sales of gold and silver coins PMBug PM Bug 10 04-04-2019 07:08 AM
US Mint sales of gold and silver PMBug PM Bug 62 02-26-2019 08:32 AM
[Chart] long-term silver-copper correlation is intensifying swissaustrian Silver Bug 7 04-17-2013 11:19 AM
US Mint sales of gold and silver eagles PMBug PM Bug 1 12-23-2011 01:45 PM
US Mint buys more gold, silver from Sunshine Minting PMBug PM Bug 0 11-10-2011 06:37 AM


All times are GMT -5. The time now is 05:44 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.