Inflation In Iran: Will Gold Come To The Rescue?

Iranian monetary policies, coupled with crippling U.S. sanctions, have caused a massive fall in the Iranian rial. Some Iranians are using gold to pay their rent, along with other financial transactions. Real money like gold always makes its return, but must we constantly wait for financial crisis in order to do the right things?

Original Youtube video here.

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Glen Romneyterry hollandsThe Grand PoobahKenneth kirschCrozbyguy Recent comment authors
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Glen Romney
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Hey D, my kind wil not turn in shit let alone my Gold, Silver or any assett. Rather this time when the economy goes to hell and monetary inflation resumes, we will hunt these greedy bastards down one by one and make a public example of them. When you see these political , banker and corporate bastards hanging under the American flag from a flagpole throughout America you’ll know the Oath your Veterans and Sherriffs took to uphold the Constitution from Foreign and DOMESTIC enrmies took over the justice system which is now a pathetic joke’! Relax my friends and… Read more »

terry hollands
Guest

Don't tax income, tax accrued wealth.

The Grand Poobah
Guest

Ya’ll are racist against silver. This gold supremacy has to end. Poor people can’t afford gold.

Kenneth kirsch
Guest

The whole of the Mideast will inflate because America doesn’t need their oil anymore and we are slowly pulling back our protection of the gulf oil tankers. Soon those people wil have to live with less clout and less economic output. As such they need to draw back on their debt

Crozbyguy
Guest

Take a breath, breathe.

Reza Navid
Guest

Right on from Tehran. Well said.

Shehroze Islam
Guest

"But believe me… in many ways, you know… our policies have not set if nothing else… our policies have not set a very good example for the rest of world who should be adapting to a free market system" (starting at 9:57) Need to preach that to blind followers of US in our region.

ErisLee
Guest

Bitcoin is surging in Iran, over $2k there from what it’s trading for here.

Shehroze Islam
Guest

"We should remember that a voluntary exchange benefits both sides and of course the most import thing on volunteerism in Economics is that you have a good measuring rod of value… and of course that's a sound currency" (starting at 15:39) AMEN!

Jared Kelsay
Guest

Great title guys.

matthew haines
Guest

Inflation is when psycho bankers bleed the Citizens and cause pain for workers.
It's a crime.!

erik je
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so if country,s across the world print money the are socialists does this mean the usa is a socialist country ? the usa has about 21 trillion $ in debt ,,, and that must mean acording to you that the us wants everyting for free personaly i think its time the rest of the world starts to collect that 21 trillion the us owns thembut do not ask for dollars but ask for gold , oil , goods ect ectthat way you can see how good kapitalism works out for you just think of it ,,, you own china and… Read more »

uawsux
Guest

Gold will not come to their rescue they took on. Debt in dollars they have to pay back debt in dollars and the dollars are getting stronger this is a attack this is an attack on other countries the bankers these imperialist aggressors are trying to conquer the world destroying other countries with this monetary manipulation get them in debt at 0% than raise their rates to destroy them they can back their money with gold all they want to they still have to pay back dollars until the dollar hyper inflates be patient nationalize the banks America can take… Read more »

Sara Albert
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The problem with gold in Iran is its distribution. Huge amounts have been bought by persons close to establishment or banks. In exchange for it they of course demand legal tender, and people need legal tender as long as this regime is in place. So in a way, using gold right now somehow enriches the cronies close to government who will get the gold back as well. It is difficult here to make a good ethical financial decision. There is too much uncertainty to even start a new business with cheap workforce, even though Rial is devalued greatly. The root… Read more »

Jack Crowley
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Consider the source… Schiff has been selling gold for decades. Any state that the, US and UK don't like gets screwed. It's about stealing resources. Enjoy Bread and Circus

Marc Thomas
Guest

gold rush comimg!!!! 2.500

Jack Johnson
Guest

Iran free your people.

No Censorship
Guest

The permanent government is not going anywhere. Must be completely gutted. Move the new simple constitutional guidance offices to Denver or some place in the middle of the country, should be off the coasts. The states individually guide their operations with 5 elected people. What is going on now is unacceptable.

No Censorship
Guest

End the Fed !!! Worthless foreign bankers !!! I love the Iranian people! Do you think they want to spend their gold? No that's their insurance! It is not a good sign at all 🙁 Too much government.

Loke Baldersbane
Guest

Funny, Dr Paul is bitching about a rigged free market, the bad kind of capitalism. That some "investors" or insanely rich retards have paid politicians to rig it for them somehow never occurred to him.The US can go crazy with their preferred system of economics for all I care, show the world how well it works and not send their goons to impose it on others or leach of other countries or plunder them. For many decades social market economy was very successful, then came neoliberal grasshoppers and plundered, robbed, smashed and corrupted. Types like that b/millionaire mormon presidential candidate,… Read more »

ashamed of canadians astounding stupidity
Guest

Paper fiat backed by gold is the best and the only means of exchange that can service expanding economies if we were in a true free market economic system. The problem is that money creation was placed in the hands of a tiny minority of financial terrorist, hard core criminals by treasonous government representatives. Remove the international criminals power of money creation and remove treasonous government by total reform and 100% citizen oversight and solve 99% of the worlds problems. The solution is NOT cashless digital crypto-debt enslavement handled by the very same financial terrorists.

Logan For Liberty
Guest

I was 15 when I discovered Ron Paul.
Now I'm 21.

Thomas Rones
Guest

I haven't finished watching the video, but it's all about personal responsibility. If you are unprepared for hyperinflation, then you have no one to blame except yourself. I don't have any real assets (unless you consider stock to be a real asset), but right now my paper assets are split about 50/50 in EUR and USD. I probably should be diversified into a few more currencies but to be honest 2 of the majors should be fine. (And these 2 are the right ones to have, much better than a GBP/JPY combo)

IzunaDestruction
Guest

Well, for the western military establishment, Iran has to fall and sanctions are a pretty good tool. Israel will be happy and millions of iranians will flee to Russia and the US will be very happy. Oil for those who want to take it and Russia in shambles because of massive islamic immigration.

And Drew
Guest

Ron you're a diplomat! It's past the point of saying leave Iran and other victim countries of the US alone. It's time to call for murder and robbery and genocide charges to be laid .

James Coleman
Guest

If it wasn't for the fact that the anti plunge protection team in the US keeps the price of gold down it could be able to rise like it should. I think if the price of gold could rise to $10,000/ oz. it would work better.

Cindy 8081111
Guest

Your video about Assad and gas getting ready to be used, was just taken down.. by who?!?

kamran kam
Guest

Iranian government floated 7.5 million gold coins in Iran and it all was sold in 2 months and every coin is being given to the buyers in batches.
Every person can buy 25 gold coins from central bank tax free.

John Doe
Guest

Ron Paul is a true American Hero

Maine Bitcoin
Guest

Bitcoin of course 🙂

Methdamon Dano
Guest

Bitcoin with its fixed supply will win over gold. People always choose the hardest money. And its not as easy getting ur hands on REAL GOLD as it is to buy bitcoin.

Robert L
Guest

Would new currency be a solution? A bill looks like the fiat dollar with a plated gold or full gold on the surface of the bill but this wouldn't work as value of gold changes every day.

Crypto limited amount supply. That get less supply as year after year loses it then over all supply shrinks.

Cryptos not user friendly as fiat dollars and not safe.

richard calhoun
Guest

Bottom line on the World plague, money, war, death and destruction: Zionist America and Israel wants to hurt people; Jesus type Jews…real Jews have problems with Zionist, Trump is a Zionist.