UAE next in line for gold trading platform, what this really signals

Several countries around the world, including the UAE, are establishing a federal platform for gold trading, and this may signal an overvaluation of the U.S. dollar, or that countries are moving away from the dollar for gold denomination, says Doug Groh, portfolio manager of Tocqueville.
"It really says a lot about the currency. The currency is cheap and it takes a lot of the currency, numerically, to buy gold," Groh told Kitco News on the sidelines of the 121 Mining Investment Conference in New York. (show less)

Several countries around the world, including the UAE, are establishing a federal platform for gold trading, and this may signal an overvaluation of the U.S. dollar, or that countries are moving away from the dollar for gold denomination, says Doug Groh, portfolio manager of Tocqueville.
"It really says a lot about the currency. The currency is cheap and it takes a lot of the currency, numerically, to buy gold," Groh told Kitco News on the sidelines of the 121 ... (read more)

121 Mining Conference - October

121 Mining Conference - October
121 Mining Investment New York will gather senior investors from institutional funds, private equity groups, family offices and sector analysts to meet with carefully selected mining company management teams in the world’s capital of finance.Featuring cash-generating producers, near-production development companies, project generators and exciting exploration projects, the event this June offers investors the perfect forum to seek out their next big mining investment opportunity.

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