Turkey Buying Iran Oil w/ Gold
By Micah Halpern
Thursday July 12, 2012
I've Been Thinking:
Intelligence coupled with speculation has led to the thinking that Turkey is importing oil from Iran in such significant quantities that the sale would and should draw attention if an exchange of dollars was used to cover the cost of the oil.
But what if currency was not exchanging hands to cover the cost of the oil?
What if it were some other form of payment that would not appear on the international banking records?
If that were the case Turkey would both be getting oil and doing an end around in their agreement with the United States to limit their oil purchase from Iran.
It seems that gold exports from Turkey to Iran have increased by 400% compared to this time last year. In dollars, that is about $1.2 billion of gold per month - for April, May and June alone.
This means that Turkey is paying Iran for oil and natural gas by delivering gold to Teheran in separate shipments. The intelligence sources on this are quoted by Debka and they claim their sources are Russian and Azeri.
There is no reason to doubt the veracity of this report. It makes perfectly good sense given the region and the relationships.
Do not underestimate Turkey.
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