ارتفاع سعر الذهب في ظل الأزمة الحادة التي تعصف بالأسواق المالية
Hello. Welcome to BBC Xtra English!
In today’s programme Doug and Reda talked about the rising price of gold.
Despite all the economic problems in the world at the moment, the price of gold keeps rising and rising. And it's hit a record high!
Yesterday, the spot price of gold was reported at US$1,826 per ounce.
The markets are falling significantly at the moment, particularly in Europe and the US.
People are nervous about the outlook for the global economy and the debt crisis in the Euro zone.
Yesterday, the London Stock Exchange suffered its biggest loss for three years, and at the same time, the price of gold hit a record high.
Gold is seen as a safe haven amid the chaos.
Unlike paper currencies, gold is a commodity that has real value, so buying gold is seen as a way of protecting your money.
And with a rise in demand, the price goes up too.
In the programme, we hear the BBC business reporter Brian Milligan say that gold bullion is experiencing an 'extraordinary boom' at the moment, particularly among Indian and Chinese investors.
But here are some concerns about the rising price of gold.
Some commentators predict that the price of gold will keep on rising until the end of the year, and may go up to US$3,000 an ounce. But of course there are others who say the price of gold can't rise much further.
It is already six times more expensive than it was 11 years ago and some people say that's unsustainable.
People are buying gold any way they can. From jewellery to gold bars, investors are just looking for a way to get hold of as much gold as possible, while the prices are still going up.
The BBC spoke to a bullion merchant who said that people are ‘filling their boots’, meaning that they’re buying as much as they can, or, taking full advantage of the situation.
Are they wise to do so? Is gold a safe investment in these troubled economic times? What would you invest in, if you had the money?
هل من الحكمة القيام بذلك؟ هل الذهب استثمار آمن في هذه الظروف الاقتصادية العصيبة؟ ما الذي ستستثمر فيه إذا كنت تملك المال؟
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record high: مستوى قياسي
significantly: انخفاض حاد
a safe haven: ملاذ آمن
extraordinary boom: طفرة غير عادية
unsustainable: غير مستديم
bullion: سبيكة ذهب
filling their boots: يملؤون جيوبهم (بالذهب)