Gold Price Crisis in Iran

April 29, 2011

In the recent days, we have had a special crisis in Iran, a Gold price crisis. The Gold price crisis in Iran is the result of two separate crisis, the global economic crisis and the Iranian economic crisis. In fact, Mr. bin Bush’s policies in 2000s, f-u-c-k-ed the global economy, and the gold price increased from near $300 in 2000, to near $1500 in 2011, i.e. near 5 times! And Mr. shit and Khamenei’s policies, from 2005 until now, f-u-c-k-ed the Iranian economy, and the inflation increased from near 12% to near 50%. i.e. more than 5 times! In the recent months, cutting subsidies was a economic disaster. Now the Iranian prices and western prices are almost equal, but there is a huge difference between the Iranian incomes and the western incomes. In the recent months, the global gold price has increased significantly, but the Iranian gold price has a different story.


Gold price in Iran, is calculated by the price of Gold coin. A Gold coin has about 7.3 gram Gold. We know that 1 ounce Gold = 31.1 gram, and each Gold coin has some extra costs, that are considered constant. So the typical formula for calculating the Gold coin price in Iran is :

Gold coin price = [ ($USD per ounce) * (USD to Rial exchange rate) / 4.25 ] + Constant (70,000 Rial)

With official USD to Rial exchange rate (10500) the Gold coin price = [1500 * 10500 / 4.25 ] + 70,000 ~= 3,770,000 Rial. And with black market’s USD to Rial exchange rate (11200) the Gold coin price = [1500 * 11200 / 4.25 ] + 70,000 ~= 4,020,000 Rial. But these days the Gold coin price in Iran is about to 4,400,000 to 4,600,000 Rials !! If we use the reverse formula for calculating the USD to Rial exchange rate, then for current average Gold coin price, the USD to Rial exchange rate = (4,500,000 – 70,000) * 4.25 /1500 = 12550. This means that the current USD to Rial exchange rate, even in black market, is unreal and should increase about 1350 units (Rial) and becomes near 12500. Now the economic climate in Iran is really stormy.

The real USD to Rial exchange rate is much more than 12,500. It’s about 100,000. This real exchange rate, changes both the Iranian prices and the Iranian income, and the monthly average income of a middle class family becomes $100 !, and the price of a typical house becomes $100k. But the real problem of Iranian economy is not “USD to Rial exchange rate”, it’s a serious internal problem that has been created by Mullah’s policy. The Mullahs have f-u-c-ked the economy so badly. An Iranian middle class family, with the average $12,000 salary, should pay 40 times more than its salary to buy an acceptable house in Tehran, that has a price near $500K. But a Canadian middle class family, with the average $45,000 salary, should pay 10 times more than his salary to buy an acceptable house in Toronto, that has a price near $450k. The average inflation rate in Canada is near %2, but the average inflation rate in Iran, is more than %30. In fact, it’s a basic characteristic of the tyranny, especially the religious tyranny, that it f-u-c-k-s all aspects of human life, cultural, economical, environmental, etc.

Chavez, Gaddafi, Assad

April 29, 2011

Again the Venezuelan dictator, the lifelong president, Hugo Chavez, repeated his condemnation of Nato military strikes. “Who gave them the right to do this? It’s crazy. Because they don’t like the leader Gaddafi !!!!, because they want to take Libya’s oil and water. They are throwing bombs everywhere.” In the recent days, Moscow and Beijing said that Nato was trying to assassinate Libya’s dictator !! We are sure that killing the savage Gaddafi is the best solution for ending the massacre and the civil war in Libya. But the dictators support the dictators, and they are the real friend of each other. On Monday Chávez expressed support for Syria’s dictator, Bastard Assad, in the wake of a crackdown on pro-democracy protests that has reportedly left hundreds dead. Venezuela’s dictator blamed “terrorists” for the protests in the Syrian city of Deraa. In fact, all savage and brutal dictators are friends of Venezuela’s dictator, and he strongly supports them. We have not forgotten his bullshits about Gaddafi . And now he said the same bullshits about Bastard Assad. Indeed, he is sure that he and his regime can be the next dictatorship that would be given the taste of civil protests.


“We’ve had enough abuse, wars and invasions directed against third world countries,” said the stupid Chavez. He is the close friends of Mr. shit and Khamenei, that kill and rape Iranians. As we said before, Venezuela’s dictator was the leader of the unsuccessful military coup of 1992. He has changed the Venezuelan Constitution and has become himself the lifetime president . In fact, in order to ensure that he took hold in Venezuela, Chavez spoke of ruling beyond 2030 !! Under the 1999 constitution, he could not legally stand for re-election again, and so brought about a referendum to eliminate term limits in 2009 ! The lunatic and stupid lefts are the real supporters of the dictators, especially Hugo Chavez. They bullshit us about Chavez. But, as we said before, they are blind and ultra-stupid. They don’t know anything about the world history. They know nothing about tyranny. They should be forced to live in Iran, under the religious tyranny. They really don’t deserve what they have.