Gold

1nv35t
2 Lemon pips
Posts: 239
Joined: November 4th, 2016, 8:18 pm

Gold

Postby 1nv35t » November 9th, 2016, 11:23 am

Potential changes in Sharia law could see the demand for investment gold increase

https://www.thestreet.com/story/13622922/1/how-a-change-in-islam-s-sharia-law-could-increase-demand-for-gold.html

If the new Sharia gold standard is implemented this year, which looks like a good possibility, 20% of the world's population will have new access to gold as an investment.

Laughton
Posts: 13
Joined: November 6th, 2016, 2:15 pm

Re: Gold

Postby Laughton » November 10th, 2016, 12:08 pm

Hmmm - this story is several months old and lots of ifs and maybes.
Anyone any idea of any developments.

Laughton (currently very long of gold and silver)

stevewhitaker
Posts: 8
Joined: November 4th, 2016, 11:12 am

Re: Gold

Postby stevewhitaker » November 15th, 2016, 9:20 am

this wont affect the price of gold IMHO, what does affect the price of gold it two fold,

1 - the real interest rate in the currency you are pricing the metal in, usually USD.

2 - the dollar index, measured by US ticker DXY.

When the real interest rate is negative and falling then gold goes up.

When DXY is falling gold goes up.

If you want a "proxy" to buying then look at the holdings of US ETF GLD, as it is big and backed by physical gold.

Regards

Steve W


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