Mike Shuster http://tpr.org en To Combat Sanctions, Iran Buys Up Gold http://tpr.org/post/combat-sanctions-iran-buys-gold Iran is stockpiling gold. That's the way David Cohen sees it. He's undersecretary of the Treasury, and the Treasury's point man for the banking sanctions the U.S. has imposed on Iran.<p>"Iran is attempting to hoard gold, both by acquiring it and by preventing the export of gold from Iran, in a somewhat desperate attempt to try and defend the value of its currency," Cohen says.<p>Iran faces an oil embargo from many Western countries, and the U.S. has also imposed tough banking sanctions. Iran still manages to sell some oil, although a reduced amount, to neighboring Turkey. Fri, 09 Nov 2012 20:02:00 +0000 Mike Shuster 1555 at http://tpr.org To Combat Sanctions, Iran Buys Up Gold Signals From Iran Indicate Willingness To Talk http://tpr.org/post/signals-iran-indicate-willingness-talk Iran is hurting. Economic and banking sanctions, plus an effective oil embargo led by the European Union, have brought chaos to Iran's economy. The bottom fell out of its currency, the rial, a couple of weeks ago, provoking street protests. Iranians of all social classes are struggling to cope.<p>These challenges, along with other signals, hint at Iran's willingness to engage in bilateral talks with the U.S. about its nuclear activities. Mon, 22 Oct 2012 08:29:00 +0000 Mike Shuster 766 at http://tpr.org Signals From Iran Indicate Willingness To Talk