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Gold price reaches record high in Pakistan

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.

Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    If only we lived in Pakistan... :'(

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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

    Liberty: Parent of Science & Industry

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    derrybderryb ✭✭✭✭✭
    edited November 26, 2018 9:50PM

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

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

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    @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.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    derrybderryb ✭✭✭✭✭
    edited November 26, 2018 9:54PM

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

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    Geez, wish it happens here !!! :)

    Timbuk3
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    OPAOPA ✭✭✭✭✭

    "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.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    @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.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    No one disputes.

    Liberty: Parent of Science & Industry

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