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Dubai Floats Islamic Gold Backed Security

Submitted by jonibaloney on Wed, 03/18/2009 - 00:40
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This article came by way of :Luke Pachymuthu I Reuters
Here is the link (Sorry if this has already been posted - it's from Tuesday, March 3, 2009):
http://arabnews.com/?page=6&section=0&article=119835&d=3&m=3...

This is interesting. I wonder how long before Wall Street does this, or if it is even legal here. I suppose if I wanted a security NOT backed up with junk, I would go for this.

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just that much more demand

Submitted by SIERRAHPBT on Wed, 03/18/2009 - 01:21.

just that much more demand on an already shortage of product market.

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

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