Frank & Delta Conference Call RunTime 100:38 MP3 LINK Delta comes on 16:20
Delta Indicates how they are buying gold is through euro's, asian currency, dollars etc.. they are adding gold to have more back up for their national currency if they weren't going to revalue soon why would they be buying it up now?
They started buying it up in September as of now they have 31 tons of Gold which would make it about 1.6 billion dollars to back up its currency. Starting in January they will start selling bonds and gold to the citizens in Iraq. Who will buy the gold if they have no money in Iraq? something is about to happen in the beginning of 2013.Enjoy.
The profit the CBI makes 13 dollars per dinar they sell through the auctions they convert into other currencies and use that to buy gold. They are NOT taking it from their Reserves but Adding to it.
The rate is going to shock alot of people Delta says. They have stated to revert back to the 70's and 80's value. 1166 isnt going to cut it. Minister of finance by the end of the month will launch the 5 year plan look up the monetary policy Delta says.
Delta has contacts in Iraq also they have assembled a team that watches Iraqiya television and gets directly what is being said in country on T.V Personally I believe what he says but to eaches own yes everyone has been wrong in the past but to me Delta knows way too many things in detail to be making all this up also he has stated before the articles came out what was going to be printed oer talked about and what do ya know? They came out the next day or so with the article