"According to a new and yet unconfirmed report, India bought oil from Iran using gold. India certainly has the gold resources to fund the oil, while Iran is under pressure by the West, due the continuation of its nuclear program."
(more of the article here... http://www.forexcrunch.com/gold-for-oil-india-and-iran-ditch-dollar-report/)
Thought people would be interested in this. Fascinating... absolutely fascinating. An inflation proof way to buy oil.