“ISIS Unveils Its New Gold-Backed Currency To Remove Itself From “The Oppressors’ Money System” – Zero Hedge

Posted on :Nov 13, 2014

By: Tyler Durden

Zero Hedge

November 13, 2014

It appears the rumors are true. Islamic Stat

e is set to become the only ‘state’ to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group  out of “the oppressors’ money system.”

 

 

As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils

*  *  *

It seems Alan Greenspan may have been on to something after all…

“Remember
what we’re looking at. Gold is a currency. It is still, by all
evidence, a premier currency. No fiat currency, including the dollar,
can match it.”

*  *  *

Of course this will mean more physical demand – along with Russia and China – and so more price suppression by the West.

Gold Goliath is not your typical gold dealer.

Visit Us On FacebookVisit Us On TwitterVisit Us On Google Plus