Muslim Nations Consider Trading In Gold To Avoid Sanctions: Reuters

As nations continue to trade with each other, less in dollars and more in real money, gold & silver, this trading further increases the overall…

(Silver Doctors Editors) Reuters recently came out with an interesting article, and it may be of interest to gold & silver investors.

From Reuters:

KUALA LUMPUR (Reuters) – Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gold and through a barter system as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said on Saturday.

At the end of an Islamic summit in Malaysia, Mahathir praised Iran and Qatar for withstanding economic embargoes and said it was important for the Muslim world to be self-reliant to face future threats.

“With the world witnessing nations making unilateral decisions to impose such punitive measures, Malaysia and other nations must always bear in mind that it can be imposed on any of us,” Mahathir said.

Read the rest of the Reuters story here.

Why is this news important?

Because as nations continue to trade with each other, less in dollars and more in real money, as in gold & silver, this further increases the overall demand for physical gold & silver.

Why is that?

Well, if the point is to avoid sanctions, then trading in gold & silver via simple accounting annotations using gold held at, for example, Bank of England vaults, isn’t going to cut it.

For example, see here:

That old saying is so true, “if you don’t hold it, you don’t own it”.

Or read about the officially sanctioned theft here:

Pun intended?