Canny countries are building up their gold reserves. Even Germany is trying to get its gold back from the Americans.
Zombie countries like NZ don't bother ("it's not real money").
New Zealand last time I checked has no gold reserves whatsoever. Its petroleum reserves are stored in Singapore.
Iran
launches Middle East's ‘biggest' gold plant, plans to double
production
RT,
15
November, 2014
Iran
has opened a new gold processing plant, reportedly the biggest in the
Middle East, hoping to double its production of precious metals.
Using a unique technology, Tehran says it will now mine up to three
tons of gold per year.
Iranian
TV reported that the opening ceremony was attended by First Vice
President Ishaq Jahangiri.
The
new facility is located near one of the country's richest mines,
Zareh Shuran. It is located 35 kilometers from the city of Takaab in
northwest Iran, in an area where gold, silver, and mercury are
extracted.
The
gold ore reserves of the Zareh Shuran mine are estimated at 20
million tons.
According
to authorities, the plant’s production can reach three tons of gold
per year and thus can double the total of Iran’s gold production.
Worth
over $31 million, according to IRNA, the plant will use a new
technology which was created in Iran.
It
is expected that the plant’s gold production capacity will soon
reach six tons per year. Silver and mercury productions are expected
to hit 2.5 and 1.5 tons, respectively.
This
implementation is part of the so-called "economy of resistance,"
which Iran's Supreme Leader, Ayatollah Ali Khamenei, introduced in
February.
The
policy includes domestic economy building with maximum utilization of
the country’s resources, as well as the promotion of a
knowledge-based economy and innovation. The ultimate goal is to
become the No. 1 knowledge-based economy of the region.
Iran
is still under tough sanctions that were imposed in 2012 over its
nuclear program, which the West claims is aimed at developing atomic
weapons. However, Iran says the program is for peaceful, civilian
purposes.
World
powers are demanding that Iran restrict its nuclear program so that
it cannot be used to build atomic weapons.
Iran
is currently facing a November 24 deadline to reach an agreement on
its program, within the framework of year-long diplomatic talks.
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