Oh dear. This was the same crazy talk that got Ghadafi into trouble. While we all like the shiny metal, we all know that trouble seems to shadow its shine. This will be a very bad year for diplomacy. We will see widespread wars escalate into a biblical disaster. But otherwise, everything will be fine.

Russia and China maybe even India..had better arm up. Things will get ugly as "they" won't give up so easily.

I'm going to print money wrote in #3
Let me see if I understand this correctly. Everyone here is celebrating the fact that Iran will accept any nations "currency" for gold, but you are all criticizing the United States for printing fiat money that is worthless?
While I won't dispute the US fiat money claim, can anyone explain why some other nation won't do the exact same thing? Let' say I am the ruler of Little Country with no assets....my nation needs oil. Iran will accept my "currency", so I print up sacks of "currency", buy a whole bunch of oil and then devalue the currency to nothing...sounds like a great scam to me.
Iran is spouting nonsense...there is not enough gold on the planet to create a gold backed regime to equal all of the assets on the planet.
Good luck with that delusion guys....

You are wrong. Although there is only so much gold in the world that can be extracted, the gold extracted so far does not represent all the worlds reserves- there is more to be mined. There is also silver. There is enough gold to create a global gold based currency, also there is only so much gold governments cant simply print enless money ( like the USD) so counties are forced to live within their means and cannot end up in fatal amounts of debt like the US. An alternative to a total gold based currency system is paper money that IS convertable to gold OR silver, therefore not a fiat currecy that isnt backed by anything physical.  Why arent other coutries following Irans example? OPEC producing nations WILL follow Iran once they realise that the USD is heading towards collase due to the massive amouts of debt the US has ratcheted up since the creation of the Petrdollar system between the US and OPEC nations. Saudi Arabia, UAE etc in 2009 held talks between Russia and China in ditching the USD for oil trade and using GOLD and a basket of currencies instead.