British police have charged a Saudi Arabian citizen with the murder of a 32-year-old man found strangled at a five-star central London hotel. Police said on Thursday they had charged the 33-year-old Saud bin Abdulaziz bin Nasir bin Abdulaziz al Saud with murder. The Saudi citizen, who is also accused of causing grievous bodily harm to the same man on January 22, is due to appear before Westminster magistrates court tomorrow, police said.
Officers were called to the Landmark Hotel near Regent's Park on Monday after the man's body was found in a third-floor room. The 32-year-old victim, who police identified today as Bandar Abdullah Abdulaziz, had been strangled and suffered a head injury, they said. Police could not confirm British media reports that the man was claiming to be a member of the extended Saudi royal family and that the victim might have been his associate or employee.
*Reuters
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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Formula Middle East Calendar (Formula Regional and Formula 4)
The specs
AT4 Ultimate, as tested
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Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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Specs
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How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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A MINECRAFT MOVIE
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Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
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