Gold prices are at practically an all time low
London, UK (PRWEB UK) 11 May 2013
Pryce Warner International Group – According to the Telegraph, gold prices are currently experiencing their sharpest drop in 70 years.
For expat investors in the UAE, a notoriously gold-friendly investment hotspot, now is the time to buy.
David Retikin, Director of Operations for Pryce Warner International Group, commented: “Gold prices are at practically an all time low. The UAE is a location where it is especially easy to acquire gold stocks quickly and easily, meaning expat investors in the UAE would be wise to hurry and take advantage of the falling prices.”
Expats in the UAE have suggested however that gold may become increasingly difficult to come by, as some retailers appear to be refusing to sell.
Annabel Kantaria, a blogger based in Dubai, commented: “Someone wrote to another newspaper claiming that all the shops are in it together. I find it hard to believe they will have run out - it’s far more likely that they are refusing to sell.”
Current price predictions for gold suggest the price will hit $1800/once. The currency price is roughly $1400/ounce.