Qatari wealth fund plans $10bn gold buying spree

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#1 Sun, Oct 2, 2011 - 11:10pm
Abraham Bernanke
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Qatari wealth fund plans $10bn gold buying spree

Who would say that people have lost faith in gold lately when a "Country" plans a small investment like this. When Country's are buying a non industrial metal, then it can only be for a bank reserve and store of wealth. These Gulf country's pay for advice and clearly some big boys somewhere have told them to get into Gold (even though their Black Gold (Oil) still is abundant).

https://www.telegraph.co.uk/finance/personalfinance/investing/gold/8802793/Qatari-wealth-fund-plans-10bn-gold-buying-spree.html

Edited by: Abraham Bernanke on Nov 8, 2014 - 5:31am

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