Saudi Arabia buys $3.5bn of gold in two weeks

There has been an unprecedented surge in Saudi gold purchases in the past two weeks with over $3.5 billion being spent on the yellow metal, reported Gulf News citing local industry sources.

link: (http://arabianmoney.net/2008/11/13/saudi-a...)
submitted by: ordertoad Nov 13, 2008
category: News keywords: gold, money, metals, saudi arabia, currency


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Yowza! That's a lot of that yellow stuff.

Here is the article they are sourcing the claim from:
http://archive.gulfnews.com/articles/08/11/13/10259112.html

posted by: cherrymary Nov 14, 2008

I have no gold. :(

posted by: tastybit Nov 14, 2008

If I had any federal reserve notes, I'd buy some gold but I am poor like you tastybit.

posted by: mikey404 Nov 14, 2008

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