|Bullion bars tend to offer the most cost effective solution for those looking to acquire as many ounces as possible as they tend to carry the lowest overall per-ounce premiums||Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated|
|The capital of the nation is the city of Riyadh, and its official language is Arabic||Highly Liquid and Easily Recognizable• The nation also has considerable reserves of natural gas, and the estimated value of its natural resources is one of the highest in the world|
The Saudi Government is a unitary Islamic absolute monarchy, and the kingdom was founded in 1932.
|The country has small deposits of gold, silver, iron, copper, zinc and more||A few months later, however, the riyal returned to its peg against the dollar|
|The Saudi economy is heavily dependent on oil, and the nation has the largest economy in the Arab world||The nation also has a rapidly growing real estate sector|
Official Gold Bullion of the US• Guaranteed by The Royal Mint• The central bank is headquartered in the capital city of Riyadh, and is tasked with several key functions outside of currency maintenance.
|Guaranteed by Royal Canadian Mint• A range of other useful gold and silver calculators can be found on our Calculators page Product Details• Official US Gold Bullion Coin• Guaranteed by the Austrian Mint• The Holdings Calculator permits you to calculate the current value of your gold and silver||The central bank was established in 1952, and was formerly known as the Saudi Arabian Monetary Agency|
|Like many other global currencies, the riyal can be subdivided into 100 smaller units of currency called halalas|
The Saudi central bank did not follow suit, however due to concerns of a weaker currency and inflation.4