Failure of GCC monetary union to boost gold
Now that the UAE has decided not to participate in the monetary union of the GCC states the way is cleared for increased gold buying by thier central banks to diversify away from the US…
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Jim Rogers tips dollar currency crisis
Veteran hedge fund manager and legendary investor Jim Rogers sees a currency crisis and reversal of the bear market rally in stocks. He prefers silver over gold as a precious metal play. And…
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GCC monetary union in tatters, UAE out
The Gulf Cooperation Council’s plan for a single currency fell into complete disarray today as the UAE signaled that it was pulling out of the project after being recently turned down as a site for…
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Gold and silver for top StanChart clients
Standard Chartered is including gold and silver as one of four main recommendations to its private banking clients, according to a presentation by chief investment strategist, Lim Say Boon, in Dubai today.
The UK’s second…
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Dubai gold contracts turnover $128 billion
The total turnover in Dubai gold contracts has reached $128 billion since they were first launched on the Dubai Gold & Commodities Exchange, with the volume of contracts passing three million for the first time…
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Time to follow the top hedge funds and buy gold?
So the two top holders of the gold ETF are revealed as hedge funds in their first quarter regulatory filings.
Paulson & Co, whose founder was the highest paid fund manager in 2007 thanks to…
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Can China really fill the boots of the US consumer?
The revelation from President Obama’s economic advisor Martin Feldstein that the stimulus package this year will only make up for less than half the damage to the economy caused by the crisis is a reminder…
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Could the economic crisis have a Middle East peace dividend?
A presentation from Citi to its private banking clients in the UAE yesterday highlighted the possibility that President Obama’s peace mission in the Middle East could bring a new era of peace and prosperity to…
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UAE nominal GDP to plunge 24%, Saudi Arabia 28%
Falling hydrocarbon prices will deal a blow to nominal GDP in the Gulf States this year with falls of 28 per cent in Saudi Arabia and…
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Obama adviser says green shoots dead
Perhaps Martin Feldstein, a member of President Obama’s Economic Advisory Board was feeling a long way from home in Brazil last week when he spoke negatively but realistically about the economic outlook.
He said: ‘The…
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