Qatari Royal family spends 10bn on gold

[texcollex]

http://www.telegraph.co.uk/finance/pers ... spree.html

[PennyBoy]

I had read that before clicking the link. Must be nice! Especially since they didn't have to work for it.

[mongo]

If you look around everybody is buying gold and silver but mostly gold. Heck china 3 weeks ago now has ATMs that distribute gold. Mr Hugo Chavas from Venezuela is calling all his gold in from 5 major gold bullion vaults around the world. China and India are buying the stuff (gold) like its going out of style. Its getting real interesting what the big money is doing to protect their wealth. Lots of people just want hard assets and no paper. Cant say that I blame them.

Mongo