Loading ...I’m not worried about electricity, when they introduce the aliens, they will solve all our energy problems. 🤣
Buygold
Well don’t forget to write once in awhile. That if if you have any electricity that is. Paper is hard to come by there, especially toilet paper.
So, maybe it’s time to move to Venezuela?
Get out in front of the crowd, where our gold goes a long way and they are forced to use dollars by the inevitable central bank that we’ll install?
It seems eventually we will colonize them for their oil assets if we still exist in a few years. Might be better living conditions for the average Venezuelan, if they don’t mind being slaves like we are.
I can hear Trump now, “about all that earthquake aid, you know it cost us a lot to send our military down there to help you guys out.”
I’d say moving to Iran is still a bit risky, might be a little early. 🙂
The on/off Iran war is still on I guess, and suddenly Russia is being forced to “escalate to de-escalate.”
What a world.
Ipso 8:14
War or no war no doubt that’s what they would do if they could get away with it. Their ideations is that of a tyrant.
As far as currency it brought a thought. Too bad they can’t value it per state you live in by the inflation in that state.
goldielocks @ 0:56
I’m thinking it’s more like extortion.
Even Venezuela one of the worst in inflation gold went to trillions is doing a little better now
Although they’ve been changing their numbers when it went in the billions. If Iran is cashing in their gold for dollars they better hope they don’t change the currency on them.
This is Venezuelas
One ounce of gold costs approximately 2,533,558 Venezuelan BolĂvar Digital (VED/VES) based on official mid-market exchange rates. [1, 2]
Because Venezuela has historically restructured its currency multiple times to counter hyperinflation, the value looks drastically different depending on which historical version of the bolĂvar is referenced: [1]
Price by Currency Version
- BolĂvar Digital (VED / VES): ~2.53 million (The current currency launched in 2021, which cut six zeros from the previous version).
- BolĂvar Soberano (IEF / VEF): ~252 billion (The 2018 currency version).
- BolĂvar Fuerte (VEF): ~25.3 trillion (The 2008 currency version)
I have experienced 8 earthquakes in S.America
With zero damage .
That includes a 6.8 in Jan. 2024 , with epicenter about 25 miles away .
Concrete is very strong in compression , but weak in tension .
The home I was in has a concrete second floor and a 500 gallon water tank above that.
The rebar reinforced columns support the weight above the concrete first floor ensure maintaining compressive loading continuously , even during the seismic event .
In bending unloaded columns , the momentary outside of the bending column is in tension and cracks form , then a moment later the opposite side becomes tensile . The column fails and the structure collapses . The trick is maintining constant loading from above via gravity .
Wow just wow
Inflation measured by gold in Iran. Truly a example that money isn’t everything. I’m surprised they aren’t leaving.
An ounce of gold costs approximately 5,624,071,122 Iranian Rials (IRR). [1]
The Real Market vs. Official Prices
- Free Market Rials: ~5.62 Billion IRR. This relies on actual trading values in the open market. [1, 2, 3]
- Free Market Tomans: ~562 Million Tomans. In daily life, Iranians drop one zero and talk in Tomans. This is the most practical price structure used inside the country. [1, 2, 3, 4]
- Government Official Rate: ~172 Million IRR. Iran’s heavily subsidized artificial exchange rate is fixed at 42,000 IRR per USD. This rate is rarely accessible to ordinary citizens or businesses. [1, 2]
The Math Behind the Price
This value is calculated by applying the current global spot price of gold against Iran’s currency: [1]
- Global Gold Price: One troy ounce sits around $4,096.30 USD.
- Open-Market Exchange Rate: The US Dollar trades at roughly 1,647,500 IRR (or 164,750 Tomans) on the open market
Ferrett
Yes I understand your point. It seems to me that Iran wants to bleed our country and those of others in power plays dictating the terms rather than conventional economic peace deals. They in the process are destroying their own economy. The pride comes before the fall. Their games have consequences. They’re prioritizing their ideologies over their people and economy dooming it to suffer for years and years that will only get worse.
goldie, almost certainly they can’t.
https://www.trtworld.com/article/a632f8f6753c
But note the “but” that the Iranians are pointing out. Wartime situations negate the UNCLOS conventions. Like if the UK was at war with Russia, the Channel would be closed to Russian shipping. If Iran insists it is at war with Israel and the US, and Qatar, Kuwait, Oman etc. because they have aided the US and Israel, then they will argue that they have every right to close the strait.
ipso, no, of course not. But who knows what game Iran is playing? Do they want peace, or do they want to keep disrupting world trade even if it’s to their financial detriment? Prophets before profits?
Ipso
Wouldn’t it be considered piracy for Iran or any other country to charge ships passing through the Strait?
ferrett
I think if Iran fires on other country’s ships then it can expect a response. Maybe a new blockade of their oil?
There’s no way we are going to allow an Iranian toll on the shipping.