Gold price reaches record high in Pakistan

derryb

The new price broke the previous record of Rs63,600 per tola reached on October 5, 2012

"The International Monetary Fund (IMF) has projected a double-digit inflation at 14% by June 2019."

Insurance premiums are rising in Pakistan.

RedneckHB

If only we lived in Pakistan...

Baley

We've been told many times... by whom?? ..
That it's not the gold price that fluctuates, it's the fiat currency.

derryb

@cohodk said:
If only we lived in Pakistan...

inflation insurance knows no boundaries, but you knew that. . . you know all.

derryb

@Baley said:
We've been told many times... by whom?? ..
That it's not the gold price that fluctuates, it's the fiat currency.

yes, gold is the stable boat in rising tides.

derryb

Even when gold is shown to do it's job it's amazing how the doubters blindly stick to their empty guns.

Timbuk3

Geez, wish it happens here !!!

OPA

"Gold price reaches record high in Pakistan"

Most likely also true in Venezuela or any other country with a high inflation rate. You forgot to mention, that most staples also followed golds lead.

derryb

@OPA said:
"Gold price reaches record high in Pakistan"

Most likely also true in Venezuela or any other country with a high inflation rate. You forgot to mention, that most staples also followed golds lead.

The point is that money in hand or in the bank did not.

Baley

No one disputes.