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Warnings of rising gold prices

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Warnings of rising gold prices Empty Warnings of rising gold prices

Post by geezer Fri Feb 03, 2012 9:36 pm


04/02/2012

Basra - the morning
expect a member of the Committee of Economy and Investment Deputy Amer winner of the increase of the price of gold in the whole of Iraq in the event of continuing increased demand for purchase of Basra.
A Winner: The price of gold is subject to the issue of supply and demand When increased demand will lead to a rise in its price, indicating that traders gold in Basra when they see that there is an increasing demand for gold, and market optical free of his presentation, will turn to other provinces to buy gold and sell it in Basra, which will lead to increase the price gradually across the country.
ruled out the winner in a statement (news) and the existence of such cases At the current markets, Basra, saying, if any, would increase the price of gold locally as a result of increased demand.
mention that there are reports indicated the existence of traders Iranians in Iraq accept and continuously on the markets of Basra to buy gold in large quantities, considering gold as a safe haven to avoid serious deterioration of their currency against hard currencies as a result of international sanctions imposed on Iran.
witnessing Altoman Iranian declined significantly against the dollar the U.S. where it reached (320) Tomana Iranians against the U.S. $ one, while in front of the Iraqi dinar has fallen at a rate (50%), where he was Altoman Iranian equals (1000) Iraqi dinars, while now it is equivalent to (500) Iraqi Dinar http://www.alsabaah.com/ArticleShow.aspx?ID=21163
geezer
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