Thursday, March 30, 2006

Gold @ new multi year highs

Finally gold succeed to follow the price of silver and surpass the 2006 Feb peak. Silver continue to climb faster then gold, the XAU / XAG ratio around 50.5.

Time for Gulf economies to increase gold reserves

By Dr. Eckart Woertz
Commentary by
Thursday, March 30, 2006
"but the central banks of the region have not shown the same amount of foresight yet. Their gold reserves are very low, both on an absolute and a relative level. Four countries - the U.A.E., Oman, Qatar and Bahrain - have sold out nearly all of their gold while Kuwait has leased out its complete reserves with uneasy prospects of return, should third parties default."

XAU chart
Silver XAG chart

See GG (Goldcorp Inc.) , ROYAL GOLD INC (RGLD) , Pan American Silver Corp. (PAAS),SILVER WHEATON CORP (SLW) reviews here

1 comment:

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