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FSN: Gold Demand in Dubai Now Running at 10x Normal Levels
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Michael Krieger
Liberty Blitzkrieg
The disconnect between the massive physical buying of gold versus the falling paper derivatives price has now become nothing short of extraordinary. While we have all seen the figures describing the gold buying frenzy in China and India, now we have some more detailed information about what is happening on the ground in Dubai. Incredibly, we find that since the April paper price crash, 50 tons of gold has been purchased, which is the equivalent of the entire amount of 51.8 tons purchased in all of 2012.
One of the most comprehensive looks at the massive physical versus paper disconnect I have read is courtesy of Goldbroker.com, a company that specializes in physical bullion stored in Switzerland. I suggest checking out their latest Gold Market Report.
Continue Reading at LibertyBlitzkrieg.com…
Source: http://silveristhenew.com/2013/05/13/gold-demand-in-dubai-now-running-at-10x-normal-levels/
