http://www.thenational.ae/business/industry-insights/markets/gold-rush-2013-style-has-dubai-scrambling#ixzz2XTAh0M1K
The price drop led to a rush of buyers for Dubai gold from the Middle
East, South East Asia, the Balkans, Turkey and parts of Europe
according to Tarek El Mdaka, the managing director of Kaloti Gold in
Dubai.
"I cannot find a place for transporting gold on Emirates,
on BA on Swiss Airlines this weekend," Mr El Mdaka said. "I am shipping
in one-and-a-half to two tonnes of gold every day and it is going
straight out."
Mr El Mdaka added that gold is in such short supply
in Dubai that he is able to charge a US$3 premium per ounce. "In the
last week or so that has gone up from $1.25, $1.50 to $1.75. But now it
is $3. We are really squeezed."
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