The Turkey-Iran Gold Connection, from Paolo Pezzutti
Once again I'm noting how government interventions open loopholes to money making (legally or not…).
In this case, it was about sanctions to Iran, the Turkish state bank and the Turkish establishment. The gas for gold deal, provided that the info in the article is correct and that gas prices plunged over the past years and gold is about 30% down from its highs, which may have proved to be very remunerative for those who conceived it.
Most of all it displays once again, sanctions or not, the role that gold continues to have in an era of fiat money and bitcoin.