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A Rush For Gold In Iran Currency Collapse Sends Gold Prices Soaring

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01/24/12 05:21
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A Rush For Gold In Iran Currency Collapse Sends Gold Prices Soaring

Thank author of this post/commentThe already weak economy of Iran faces additional pressure after the European Union banned all oil imports from Iran effective July 1. The EU actions support a U.S. directed effort to embargo Iranian oil and sanction the Iranian banking system, effectively freezing Iran out of the international financial system.

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• tehran • sanctions • inflation • embargo • actions • imports • pressure • currency • iran • economic collapse • foreign currency • nuclear weapons • gold prices •
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