"my understanding as reported in DEBKA is that both india and china will continue to buy oil from iran but in order to not be seen paying for it they intend to pay with gold."

David Fuller's view Well, even if true, which I doubt, India and China would not talk about it. Also, a transfer of gold, which would not make sense for either country, would be far more visible than a currency transaction. Oil is the most fungible commodity so the supply would show up somewhere, for anyone who wished to purchase it.