Given the latest gold trends, emerging market investors and central banks appear to humbly disagree with Warren Buffett’s assertion that the yellow metal has limited uses. READ MORE HERE
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Can the US dollar ever be displaced? With its biggest rival euro in the doldrums and the Chinese renminbi nowhere near a currency of global standing, the American greenback seems destined to dominate global financial trade. But its status as a reserve asset is slowly eroding.
Gold was supposed to be off to the races after Ben Bernanke announced that the Federal Reserve will unleash a third version of quantitative easing and continue supporting until U.S. unemployment figures improved.
Investors heavily exposed to the yellow metal may want to keep a keen eye on the events unravelling in the European Union
Ask any gold investor and he will lament that gold is undervalued. It should actually be anywhere between USD2,000 to USD10,000 per ounce, they say.
After a hiatus that lasted several months, gold bugs are waking up from their hibernation. And now they are calling for the elusive USD2,000 for the precious metal within a year. But that’s about as far as it is going to get.
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AlifArabia’s aim is to offer a brutally frank but sincere analysis on the Middle East region’s business and political issues.
It wants to see a thriving and dynamic Middle East that encourages corporate and government transparency, investments and policies that allow the economies to grow.