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<p>[QUOTE=&quot;doug444, post: 1502627, member: 38849&quot;]I think the Turkey and Iran business may have involved this:</p><p><br /></p><p><b>&quot;...IRAN</b> accounted for the bulk of Turkish <a href="http://gold.bullionvault.com/How/GoldBullion" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://gold.bullionvault.com/How/GoldBullion" rel="nofollow">Gold Bullion</a> exports in the first five months of the year, according to data published this week by the Turkish Statistical Institute.</p><p><br /></p><p>Turkey&nbsp; exporter $4.02 billion worth of gold between January and May, with&nbsp; $3.08 billion worth going to Iran – around eight times more than in the&nbsp; same period last year. Much of this gold has been bought by wealthy&nbsp; Iranians who live in Turkey, <a href="http://www.todayszaman.com/news-286142-iranians-take-lions-share-of-turkeys-gold-exports.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.todayszaman.com/news-286142-iranians-take-lions-share-of-turkeys-gold-exports.html" rel="nofollow">Turkish newspaper Zaman reports</a>.&quot;</p><p><br /></p><p>and this:</p><p><br /></p><p>&quot;...India is the first buyer of Iranian oil to agree to pay for its&nbsp; purchases in gold instead of the US dollar, debkafile&#039;s intelligence and&nbsp; Iranian sources report exclusively.&nbsp; Those sources expect China to&nbsp; follow suit.&quot;</p><p><br /></p><p>Payment in gold gets around the embargo against Iran.[/QUOTE]</p><p><br /></p>

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