Osama bin Laden relied on gold, foreign currency to secure finances

WASHINGTON (Web Desk) – Slain Al-Qaeda chief Osama bin Laden wanted to secure finances in the form of gold and foreign currency, documents revealed.

According to New York Times, OBL had directed his workers to buy gold, Euro, Kuwaiti Dinar and Chinese Yen from the money obtained through kidnapping from ransom.

In 2010 Bin Laden wrote a letter to Al Qaeda manager Atiya Abdur Rehman where he instructed him to buy gold from a reliable broker in Peshawar, the CIA revealed.

In the letter he predicted that gold prices will rise in the coming years. “If need arises sell foreign currency first. Leave gold till the very end,” he wrote.

Bin Laden predicted that gold prices will rise to $3000 per ounce. His financial acumen proved wrong. Gold prices did rise, but only to $1900 per ounce.

The letter was confiscated during the Navy Seals operation in Abottabad.

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