Look beyond the US Dollar to see what's really happening in the Gold Market
It has become a knee-jerk reaction for investors to look at the Gold Price in terms of the US Dollar alone, and for commentators to only follow its moves in that currency. There is good reason for this, of course, for the US Dollar is the global reserve currency at present even if it is beginning to look of dubious value today. Why don't we measure gold in a strong currency such as the Euro?
Maktari closes gold bullion deal worth $11.7 billion
Apart from Saudi Arabia's oil and gas reserves, there are believed to be sizeable deposits of other minerals within the Royal Kingdom. Mr M L A Maktari the broker appointed for and on behalf of a private investor within Saudi Arabia has just closed and reserved for the next 3 years gold bullion to the value of just under $11.7 billion. Most of these deposits are within Switzerland as holding is