with Oli | Strategies


The (Saudi-) Empire strikes back …

Saudi Arabia, long time the most quiet and most conservative investor starts to move :)

State bank official was quoted yesterday, that they have to get rid of the Dollar PEG and to invest money through a SWF.
It is said, that it will the biggest SWF on the planet, even dwarfing ABU Dhabi’s 870bln$ in size.

One more buyer at the front door?

And in the case, that they really get rid of their Dollar peg, most of Arabian nations will follow suit!

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