Saudi report refers to turn to gold imitator substitute for Genuine

High gold prices made me forced to buy non-branded gold to the availability advantages of real gold in terms of the look and feel of stray price compared to gold original "Thus began one of Saudi girls her words when asked about the reason for their preference of what you wear gold accessories is authentic.

It is striking to consider is largely popular girls in the Kingdom who provide marriage to buy this kind of gold where you may not form different from what distinguishes the real him, but he differs in price and the type of metal under the excessive original gold prices.

Another girl showed great tight to their inability to acquire gold original illustrated it worked and her mother's advice to buy counterfeit accessories due to the inability of the financial fiance Ali purchase.

And outlined one of the girls spread of this phenomenon that the price rises witnessed in the gold markets push families pushed to change their customs and beliefs in marriage in the Kingdom.

When discussing the other side of the case said one of the vendors that boys appetizers to marry tend Sets soft alluding to significantly weaker demand and clear on the high-quality crews because of the high cost of prices where explained that the price of high-quality kit could reach 40,000 SAR.

One of the vendors said cutting accessories that Athavtn girls on his goods significantly where he said that the cost of a piece of accessory may not exceed two hundred riyals exceed original piece two thousand riyals.

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Gold prices recorded a new record high

Gold prices achieved on Friday a new record level is the highest in six and a half months and the impact of private data to promote major central banks around the world to facilitation measures amount to drive economic growth forward to score the gold so profitable for the fifth week in a row.

With stocks rising other markets and the rise of European stocks and oil prices in the return investors to rush back on the gold in particular to score during his dealings instant 1787.20 dollars an ounce while prices rose contracts U.S. futures level 1787.6 dollars an ounce and thereby achieve gold its highest level in six months and a half.

On the other hand silver prices have increased by 0.6% to $ 34.78 dollars per ounce, while platinum rose in the spot market with the same ratio of 0.6% to a record $ 1631.25 an ounce

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A new high for the euro-denominated gold prices

Gold prices denominated in euros during trading on Friday a new level on the background of incentive measures by major central banks in various parts of the world, including the U.S. Federal Reserve Board or what is known as the U.S. central bank, which encouraged investors to rush to invest for the precious metal.

The euro-denominated gold prices have risen during online transactions to verify 1374.10 euros an ounce to an aspect ratio of about 1% increase from the start of trading the same meeting.

And made ​​dollar-denominated gold prices in spot trading, up to $ 1787.2 an ounce, its highest level in six and a half months in U.S. contracts rose futures for December delivery in the same proportion almost 1% to reach $ 1787.60 an ounce.

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Gold prices recorded a new level

Gold prices in the evening session of the London Stock Exchange for gold during the day Friday, a new record high registered 1784.5 dollars an ounce and rising by more than 1% where it had opened the morning session of the day the level of $ 1773.75 an ounce.

The gold prices have reached $ 1767.19 during the previous shutdown in New York

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A strong increase in the price of gold to more than $ 1,000 an ounce in global markets

Friday saw the last sudden increase of gold prices in many global markets, Arab and especially the U.S. market, reaching price metal more than U.S. $ 1000 per ounce, and although it has a protective buy Iqbal unprecedented by investors and venture capitalists due to the ability of gold to maintain its valuewith a strong decline of the value of a lot of currencies, led by the U.S. dollar after the global financial crisis.

The news came with the increase in oil prices and falling stock prices and real estate. Considered that the large increase in the price of gold is the first of its kind since July last year, Hbut reached increment of more than 2.50% of any $ 26 dollars for the previous days, and predicted Economists increase up prices to 1030 dollars per ounce at the end of this month to catch including his record in last March.

Analysts said that gold and silver and other metals are only able to withstand the hardest financial crises in the world because it is the amount of real value of the currency away from inflation and that affects a lot of countries around the world.

And those events led to many questions relating to assume Brown for the British Treasury and after the decision to sell half of Britain's reserves of the metal according to the news.

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Economic outlook rise in gold prices to $ 1,500 an ounce

Agencies reported news that expectations of global economic forces a significant rise in gold prices in the coming period up prices to $ 1500 an ounce, due to the mechanisms that operate central banks around the world after reducing bank interest rates, and also increase the demand for gold bullion around the world, whichsupports those expectations, an increase in prices.

Which confirms those expectations what has happened since nearly a quarter century when gold prices rose to $ 860 suit $ 1500 due to cases of current inflation, and next to confirm Charles Gibson economic expert said the policy to the United States and U.S. policy Federal Reserve could lead to increased inflation rate strongly as in the past has led to an increase in inflation in gold prices.

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Portuguese selling gold and means to cope with the global crisis

Pushed the global financial crisis some Albertgalin to sell jewelery, which led to a boom in qualitative Mlhohz witnessed gold market user in Portugal due because of the growing numbers of people that were forced by circumstances to sell jewelery in exchange for tens of euros isotope gold prices, which sold it in order to be able to secure the expenses necessary for them during the month.

Global crisis also had a deep impact in the lives of economists after Khosrathm successive and large, but it was the same after a broad and significant in the lives of traffickers gold and all this was due to the economic crisis and lack of liquidity, according to some reports that in spite of rising gold prices in the past ten years, according to what he says Pinhao, but pointed out that the Portuguese compared with other Europeans across Europe as long as they love gold jewelry and jewelry Nhaddida made from grams of gold.

In addition Director largest gold companies in the market Portuguese Rui Pinhao that the gold sector has witnessed a boom actually last year as increased Mhariat company of gold three times and the year 2010, where he was the best in the last twenty years "as the company opened within two years more than 150 branches throughout Portugal .

He says Pinhao The Portuguese became perseverance during the last period sale jewelery did not appear to have any features frequency, and they face the burden of indebtedness large, due to the motivation of the stage austerity increased in the first of January, says "come people carrying some of Musogathm order to sell them and then they give me to get Gold prices suitable for them, if their consent deal ends Bastelamanm of money and then go after it. "

He added that the value of sales ranging from 20 to 25 euros for a small ring, and 750 to 1000 euros to about 50 grams of gold and that the majority of customers are women, between the ages of thirty and fifty.

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