Has the UN’s intervention in Libya been about the Libyan Gold Dinar?, Mexico Central Bank Buys Gold

Remember when some people speculated that the Iraq war had been prompted by Saddam’s proposal to price her oil trades in Euro?

Well, here is another theory on why the UN has intervened in Libya’s civil war and wants Gaddafi ousted: the Libyan Gold Dinar.

Says the Daily Bell, (bold emphasis mine)

Some believe it [the NATO/US-led Libyan invasion] is about protecting civilians, others say it is about oil, but some are convinced intervention in Libya is all about Gaddafi's plan to introduce the gold dinar, a single African currency made from gold, a true sharing of the wealth.

Gaddafi did not give up. In the months leading up to the military intervention, he called on African and Muslim nations to join together to create this new currency that would rival the dollar and euro. They would sell oil and other resources around the world only for gold dinars.

It is an idea that would shift the economic balance of the world.

"If Gaddafi had an intent to try to re-price his oil or whatever else the country was selling on the global market and accept something else as a currency or maybe launch a gold dinar currency, any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks," says Anthony Wile, founder and Chief Editor of the Daily Bell.

"So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward from moving him from power."

Read the rest here.

I am not saying that I believe in this, but this info just adds up to the possible avenues on how things could be shaping up.

By the way, as the war against precious metal continues, the Mexican central bank has reportedly accumulated massive amounts of gold during the first quarter

From the Reuters,

Mexico massively ramped up its gold reserves in the first quarter of this year, buying over $4 billion of bullion as emerging economies move away from the ailing U.S. dollar, which has dipped to 2-1/2-year lows.

The third biggest one-off purchase of gold by any country over the past decade took Mexico's reserves to 100.15 tonnes -- or 3.22 million ounces -- by the end of March from just 6.84 tonnes at the end of January, according to the International Monetary Fund and Mexico's central bank.

This goes to show that either the Mexican Central Bank plays the role of the greater fool or that today’s manipulated decline will present itself as a buying opportunity. My bet is on the latter.