The Phaserl


Gold Demand in Dubai Now Running at 10x Normal Levels

by Michael Krieger, Liberty Blitzkreig:

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, a company that specializes in physical bullion stored in Switzerland.  I suggest checking out their latest Gold Market Report.

Now from Emirates 24/7 we find that:

Dubai demand for gold has been witnessing a massive surge since the price collapse of last month, with demand far outstripping supply.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>