Turkish gold trade booms to Iran, via Dubai

To see one of Iran's financial lifelines at work, pay a visit to Istanbul's Ataturk International Airport and find a gate for a flight to Dubai.

Couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped on to Iran, according to industry sources with knowledge of the business.

The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August. The shipments help Tehran manage its finances in the face of Western financial sanctions.

The sanctions, imposed over Iran's disputed nuclear program, have largely frozen it out of the global banking system, making it hard for it to conduct international money transfers. By using physical gold, Iran can continue to move its wealth across borders.

http://www.reuters.com/article/2012/10/23/us-emirates-iran-gold-idINBRE89M0SW20121023

Now lets put this in perspective.

While we and the UN have sanctions on Iran. They are getting RICH with GOLD. And all at the same time, we are setting up patriot missiles in Turkey, the same country getting Iran the GOLD. Yes, we aso have 1000 troops in turkey. And not only all that, all of this is being done through DUBAI a supposed close ally of ours.

Yes, yes. somethings not right. a whole lot of somethings.

Chrissy wrote:To see one of Iran's financial lifelines at work, pay a visit to Istanbul's Ataturk International Airport and find a gate for a flight to Dubai.

Couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped on to Iran, according to industry sources with knowledge of the business.

The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August. The shipments help Tehran manage its finances in the face of Western financial sanctions.

The sanctions, imposed over Iran's disputed nuclear program, have largely frozen it out of the global banking system, making it hard for it to conduct international money transfers. By using physical gold, Iran can continue to move its wealth across borders.

http://www.reuters.com/article/2012/10/23/us-emirates-iran-gold-idINBRE89M0SW20121023

Now lets put this in perspective.

While we and the UN have sanctions on Iran. They are getting RICH with GOLD. And all at the same time, we are setting up patriot missiles in Turkey, the same country getting Iran the GOLD. Yes, we aso have 1000 troops in turkey. And not only all that, all of this is being done through DUBAI a supposed close ally of ours.

Yes, yes. somethings not right. a whole lot of somethings.

I don't think that Iran is getting rich with all of the sanctions.

Watcher wrote:

Chrissy wrote:To see one of Iran's financial lifelines at work, pay a visit to Istanbul's Ataturk International Airport and find a gate for a flight to Dubai.

Couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped on to Iran, according to industry sources with knowledge of the business.

The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August. The shipments help Tehran manage its finances in the face of Western financial sanctions.

The sanctions, imposed over Iran's disputed nuclear program, have largely frozen it out of the global banking system, making it hard for it to conduct international money transfers. By using physical gold, Iran can continue to move its wealth across borders.

http://www.reuters.com/article/2012/10/23/us-emirates-iran-gold-idINBRE89M0SW20121023

Now lets put this in perspective.

While we and the UN have sanctions on Iran. They are getting RICH with GOLD. And all at the same time, we are setting up patriot missiles in Turkey, the same country getting Iran the GOLD. Yes, we aso have 1000 troops in turkey. And not only all that, all of this is being done through DUBAI a supposed close ally of ours.

Yes, yes. somethings not right. a whole lot of somethings.

I don't think that Iran is getting rich with all of the sanctions.

2 BILLION in GOLD in august alone. this is all in gold. How long has this been going on? How much gold has been sucked up here for this? It reeks of oil for food scandal.