A small news item which appeared in the newspapers a couple of weeks back may be important. The news item was that China overtakes India in Gold imports. India imports gold for making jewelery and the Chinese are not enamored with gold jewelery. Does this mean that China is selling Dollars it is holding and hoarding gold? If this is true it is time to get out of US Dollars and Qatar Riyals, unless, of course, QAR is delinked from the US dollar. This is my take on the whole situation.
A small news item which appeared in the newspapers a couple of weeks back may be important. The news item was that China overtakes India in Gold imports. India imports gold for making jewelery and the Chinese are not enamored with gold jewelery. Does this mean that China is selling Dollars it is holding and hoarding gold? If this is true it is time to get out of US Dollars and Qatar Riyals, unless, of course, QAR is delinked from the US dollar. This is my take on the whole situation.