Not just the Iranians...
Abandoning The Dollar For Gold
Jan Skoyles
...Last month the papers were full of reports stating Iran had agreed to sell their oil to India in exchange for gold. The agreement to trade in gold sidesteps the sanctions issued by the EU and US law which prohibit all new oil contracts and have frozen the Iranian central bank’s assets in the EU. Soon after the India/Iran story there were reports of both Russia and China making similar deals with the Iranians.
This isn’t the first time international payment agreements have been rumoured to be taking place. In 2009, there were reports of the Arab states, along with Russia, China, Japan and strangely, France, to start trading oil using a new basket of currencies. This basket was rumoured to include the Japanese yen and Chinese Yuan, the euro, a new, single currency planned for nations in the Gulf Co-operation Council and of course, gold...
http://thedailygold.com/commentaries/abandoning-the-dollar-for-gold/?p=14227/
Gonna be a good day for buying gold/silver tomorrow.

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