* Gold up for a 12th straight year, more gains seen in 2013 * Palladium, platinum and silver outperform bullion though (Updates throughout with tentative US fiscal deal and close ingold futures; changes ...
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Tracking all things that relate to and affect the price of gold.
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Scooped by Hal onto Gold and What Moves it. |
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Iraq is probably the country that is most in need of a great deal of gold reserves given its succession of political and economic crises.
War torn Iraq considering gold as one of the first shelter in times of crisis, according to a parliament committee led by country's prime minister Nouri al-Maliki.
The Dawlat al-Kanoun parliamentary bloc said gold is the most stable component of official reserves. It will result in the stability and possibly the improvement of dinar exchange rates.
The Iraqi dinar exchange rate is based on the amount of cash reserves, which include not only money but gold as well. ... Delete the scoop?
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Rallied because it no doubt knows how good that fiscal deal is. hehe.