Dubai Investors seek refuge in Gold

Gold is now number export out of Dubai after Oil and they want to keep it that way they built a physical and financial market , there is a gold future Market in Dubai , the trend is of aggressive accumulation , unlike the other times when the gold prices climb investors used to take advantage by selling their jewelery , this time it is not happening , Gold sales are up a 100 percent to individual consumers , the rulers of Dubai want to become a gateway to the Indian market one of the largest Gold markets . they even created a Dubai gold coin to be legal tender ....


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold Sales Strong despite Dubai massive debt fears

Dubai misses debt payment while gold sales stay strong

Tom Jeffries talks to Mike Levy about Dubai bankruptcy
recorded on November 26th 2009

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Dubai bankruptcy world dubai emirates nakheel UAE persian gulf palm the artificial island sea max keiser kaiser real estate and Emirates Airline bankrupt bailout bullion silver gold ratio Tom Jeffries Mike Levy peter schiff gerald celente paul craig roberts canadian dollar russia Dollar Crash derivatives debt treasuries Default wepollock aig credit default swap USD inflation deflation

Dubai One Year On from the Credit Crunch and the Bubble Burst

Dubai one year after the Bubble Burst

One year on from the collapse of Lehman Brothers, the BBC is examining the impact of the global recession right around the world. In the Middle East - optimistic predictions that the region would be immune proved untrue. It simply arrived there later. And in Dubai - it was real estate that bore the brunt. With falling property prices and a shrinking population, the impact is being felt right across the economy as Ben Thompson now reports from Dubai

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bbc world news middle east business report dubai uae jebel ali village ben thompson property real estate collapse slump lehmans impact