Articles related to Bahrain
Przemyslaw Radomski CFA - SunshineProfits
Qatar Crisis and Gold
This week, the Arab world’s biggest powers cut ties with Qatar. What does it mean for the gold market? On Monday, Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed diplomatic relations with Qatar (Yemen, the Maldives, Libya and Mauritania followed suit). They also suspended air, land and sea travel to and from the country, triggering food hoarding in anticipation of supply shortages (about 80 percent of Qatar’s food demand is satisfied by produce from abroad). The diplomatic cris
Wednesday, June 7, 2017
Mark O'Byrne -
Terrorist attacks see Gold Stay Firm
A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48. This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours that followed police arrested a further 12 people who were suspected of having links to the horrendous incident. As was seen following the Manchester attack there has been a slight uptick in
Monday, June 5, 2017
Graham Summer - Gains Pains & Capital
Gold-backed Currency Launches in Dubai
Gold-backed Currency Launches in Dubai  New gold-backed currency OneGram launched Backed by one-gram of gold, uses blockchain technology OneGram is first in wave of new Shariah, tech-savvy gold products 2017 sees big changes for gold thanks to Shariah gold and blockchain Gold investors should prepare for tightening in supply Bitcoin and shariah gold demand suggest change in retail investor thinking Technology, shariah gold and bitcoin point to changing views Ramadan Kareem rang out across Duba
Tuesday, May 30, 2017
Mark O'Byrne -
Why Sharia Gold and Bitcoin Point to a Change in Views
New gold-backed currency OneGram launched Backed by one-gram of gold, uses blockchain technology OneGram is first in wave of new Shariah, tech-savvy gold products 2017 sees big changes for gold thanks to Shariah gold and blockchain Gold investors should prepare for tightening in supply Bitcoin and shariah gold demand suggest change in retail investor thinking Technology, shariah gold and bitcoin point to changing views Ramadan Kareem rang out across Dubai and the rest of the Muslim World this w
Tuesday, May 30, 2017
Mark O'Byrne -
Sharia Standard May See Gold Surge
“The introduction of a Sharia standard for gold will not only be good for investors but also for gold producing countries and even individual mining operations”, according to The National in an article published this morning. Gold bars in a gold shop in Saudi Arabia. Gold has long played a role in Muslim society as a store of wealth. Fahad Shadeed / Reuters “The new Sharia gold standard is very important as it allows Islamic investors to access and gain exposure to physical gold in a safer and m
Tuesday, January 24, 2017
Stewart Thomson - Graceland Update
Gold Demand: Grand Slam For Islam
Institutional money managers move gargantuan amounts of gold market liquidity.Their fundamentally-based actions create the chart patterns that technical analysts use to try to project the next rally or decline in the gold price.2.On that note, please click here now. Double-click to enlarge this key daily bars gold chart.3.Note the three big fundamental events that I highlighted on the chart.The Brexit, US election/Indian fiat call-in, and the Italian referen
Wednesday, December 7, 2016
Mark O'Byrne -
Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market
by Jan Skoyles, Editor Mark O’Byrne The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council have made an important decision which was announced yesterday at the World Islamic Banking Conference in Bahrain. This decision is about one of the most important markets in the world: the gold market, an invest-able market worth an estimated $2.4 trillion and is also of significance for the world of Islamic finance. The AAOIFI, in collaboration wit
Tuesday, December 6, 2016
Bullion Vault
Gold Price Hits 6-Month Euro Low as Renzi Loses Italy Vote, Hedge Funds Slash Bullish Comex Bets
GOLD PRICES fell to new 6-month lows against the Euro on Monday, dropping below €1190 per ounce for the first time since early June even as the single currency rose following Matteo Renzi's defeat in the Italian referendum on reforming the constitution. Priced in US Dollars held above last week's new 9-month lows, finding a floor at $1162 – down over 15% from early July's post-Brexit peak – after initially spiking to $1188 per ounce.
Monday, December 5, 2016
Chris Powell - GATA
Islamic finance body approves standard for gold-based products
The Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions said on Monday it had approved a sharia standard for gold-based products, a move aimed at expanding the use of bullion in Islamic finance. Traditionally, gold has been treated as a currency in Islamic finance which has confined its use to spot transactions, but fresh guidance from the accounting organization is expected to spawn a wave of product development in the industry. The organization approved the fi
Tuesday, November 29, 2016
Mark O'Byrne -
Gold Down 13.5 In 13 Days – Trump Bearish For Gold
Gold down 13% in 13 trading days since Trump election Factors that have led to lower gold prices Trump bearish for gold in coming four years? ‘Trumpflation’ cometh Sharia gold – vaulted gold accessible to 110 million new investors What to do? Diversify and geometric price cost average Donald Trump was elected President and the gold price surged 5%, over $60, from $1,271/oz to $1,336/oz. As many of us had suggested it would. And then something strange happened, something not expected by the majo
Friday, November 25, 2016
Mark O'Byrne -
Islamic Gold – Vital New Dynamic In Physical Gold Market
Islamic Gold – Important New Dynamic In Gold Market Next month, 1.6 billion people will likely have a new ‘gold investment standard’ Islamic finance market expected to grow to US$5 trillion by 2020 Islamic asset classes have all under performed compared to gold Gold has risen over 367% in US dollar terms and by more in currencies used in Islamic countries Gold bullion products may be additionally appealing to Islamic banks due to Basel III rules New Sharia Gold Standard will impact gold price
Thursday, November 17, 2016
Chris Powell - GATA
Islamic finance nears final standard for gold-based products
Islamic scholars are finalizing work on a sharia standard for gold-based products set to become effective before the end of the year and possibly help kick-start a new wave of product development in Islamic finance. Gold has been treated mostly as a currency in Islamic finance, limiting its use to spot transactions, while consumer demand for gold in the Middle East has actually fallen in recent years. Guidance from the Bahrain-based Accounting and Auditing Organization for Islamic Financial Inst
Tuesday, November 8, 2016
Bullion Vault
Gold Bullion Firm, China India Premiums 'Do Matter to Prices' as ECB Silent on QE
GOLD BULLION held above $1270 per ounce Thursday lunchtime in London, trading $20 higher for the week so far as China's key market held firm and Indian prices rose to a premium above the global benchmark for the first time since January. The Euro currency jumped to 2-day highs against the Dollar at $1.10 after the Eurozone central bank made no changes to its QE and negative interest-rate policies, and chief Mario Draghi told a press
Thursday, October 20, 2016
24hGold - Publicnow
Grizzly Appoints Andre Dallaire as Advisor and Issues Stock Options
EDMONTON, ALBERTA - June 2, 2016 -- Grizzly Discoveries Inc. (TSX-V: GZD; OTCBB: GZDIF; Frankfurt: G6H) ('Grizzly' or the 'Company') is pleased to announce that it has appointed Mr. Andre Dallaire as an Advisor to the Board of Directors of the Company. Mr. Dallaire is a former Canadian diplomat, having served as consul and assistant trade commissioner for ten years in the US, Turkey, Peru and France. Mr. Dallaire subsequently worked as a financial advisor and consultant to Saudi Aramco in Saudi
Friday, June 3, 2016
24hGold - Publicnow
Carpentaria welcomes SA magnetite strategy
dc279eda-f6d5-44ee-ab5c-9b3b33fad28d.pdf CARPENTARIA WELCOMES SA MAGNETITE STRATEGY Emerging iron producer Carpentaria Exploration Limited (ASX:CAP) has welcomed the South Australian Government's launch of its new Magnetite Strategy as a major boost to the state's mining future. A member of the Strategy's Steering Committee, Carpentaria, which is developing its flagship Hawsons Iron Project near Broken Hill, is keen to support the growth of an industry which is targeting $10 billion worth o
Monday, May 16, 2016
Mark O'Byrne -
Sharia Gold Standard – $2 Trillion In Assets “Could Send Price Soaring”
The coming ‘sharia gold standard’ or shariah compliant gold could lead to a very significant source of  new demand for physical gold coins and bars in the Islamic world. It is believed that this will contribute to much higher prices and gold “soaring” as some of the $2 trillion of assets held in Islamic financial institutions are allocated to the very small physical global gold market.Fifty gram gold bars sit across a one kilo gold bar at bullion dealers Goldcore, in London, U.K., on Thursday, M
Thursday, May 5, 2016
Chris Powell - GATA
Comex gold contracts likely no good for Islamic finance plan
By Claudia Carpenter Bloomberg News Monday, April 10, 2016 Gold products used in Islamic finance would need to be physically-backed and allocated to the underlying asset, according to a draft of a standard for Shariah gold being developed. "We are almost there" with a final proposal, said Mohd Daud Bakar, a Shariah scholar who is writing the draft for the Accounting and Auditing Organisation for Islamic Financial Institutions, the Bahrain-based industry group that sets Shariah standards in finan
Monday, April 11, 2016
Ron Paul
  When Peace Breaks Out With Iran... 
This has been the most dramatic week in US/Iranian relations since 1979. Last weekend ten US Navy personnel were caught in Iranian waters, as the Pentagon kept changing its story on how they got there. It could have been a disaster for President Obama's big gamble on diplomacy over conflict with Iran. But after several rounds of telephone diplomacy between Secretary of State John Kerry and his Iranian counterpart Javad Zarif, the Iranian leadership - which we are told by the neocons is
Monday, January 18, 2016
Bullion Vault
Gold Price 'Positive' as Dollar Rises, China Crash Stemmed, Oil Erases Spike
GOLD PRICES gained versus a rising US Dollar in Asia and London Tuesday, touching $1080 per ounce for the second day running as Beijing intervened to stem a second crash in China's stock market, and crude oil reversed yesterday's surge from new 11-year lows despite increased Middle East tensions. Western stock markets crept higher after China's securities regulator injected $20 billion into its domestic money markets and warned of new measures to prevent corporate insiders from selling stock.
Wednesday, January 6, 2016
John Rubino - Dollar Collapse
Risk Off! For Now
The sound money community woke up this morning to a world finally behaving rationally -- which is to say cowering in abject terror at the prospect of insane levels of debt, criminal incompetence at most major governments and geopolitical turmoil on a scale not seen since Vietnam, if not WWII. Stocks are plunging everywhere (with the Chinese market closed because of instability), gold is surging, and the "buy the dip" voices in the mainstream media are vacillating between bemusement and
Tuesday, January 5, 2016