The collapse in Dubai real estate has impacted badly on the banks with massive investments there. These include Barclays who published huge profit figures last time out against the trend of other banks. This will see Barclays share prices plummet.
Meanwhile, canny investors have been selling off their Dubai interests and putting most of their funds into Gold Bullion. Now the Dubai real estate crash is official thousands more will follow suit. This is forcing the already increasing price of Gold upwards. It also explains why the media is littered with adverts from companies virtually begging to buy your "broken and unwanted Gold Jewellery". Should you sell it to them? NO! Hang on to sell your gold.
