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)
Showing posts with label Dubai. Show all posts
Showing posts with label Dubai. Show all posts
Thursday, August 18, 2011
Friday, November 27, 2009
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
Tags:
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
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