http://www.forbes.com/sites/gordonchang/2012/04/22/the-best-reason-in-the-world-to-buy-gold/
The barter trade works, but Iran needs cash too. As it is being cut off
from the global financial system, the next best thing is gold. So we
should not be surprised that in late February the Iranian central bank
said it would accept that metal as payment for oil. Last year, China
imported $21.7 billion in Iranian oil and exported $14.8 billion in
goods and services. As the NDAA goes into effect, look for Beijing to
ship gold to Iran to make up the difference.
This is old news but worthy of mentioning since it's been happening for 6 months now...
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