The E.U. and the U.S. have tried to impose sanctions on Iran because the exporting of oil is how Iran makes their money. Well now India and quite possibly China have decided to purchase their Iranian oil with GOLD! That is significant because it would side step the sanctions imposed by the E.U. and the U.S.. Is that why India bought up all that gold? Could this also affect the price of gold? We have all seen those commercials narrated by famous actors telling everyone to invest in gold. How can we when the countries of the world may be buying all the gold up?