Loading ...Thank you for the response. It’s good that they’ll be buying physical or something backed by it. Course GLD claims it is backed by physical too and I’m wondering if it will be offered, although I’d find it hard to believe Muslims around the world would trust anything Wall Street has to offer.
I’m not sure it will have a sudden impact on the gold price – at least the paper gold price that we all have to live with. Maybe they’ll buy gold from the Shanghai exchange and the spread will get even wider.
I guess we can hope.