Name a top rated celebrity and chances are they have invested in the Dubai property market.  Big banks, (some of which have be relatively unscathed by the Credit Crunch) such as Barclays have invested billions in Dubai real estate too.  It has been threatening for some time but now the Dubai Property bubble has burst.

Views of Dubai Image via Wikipedia

As more and more property investors pull their money out of Dubai and can find no alternative real estate investment, they are increasingly putting their money into Gold Bullion.  This extra demand is forcing the price of gold up further.  Some Gold Analysts are predicting that this increase will continue throughout 2009 and 2010.

Selling Your Gold

Companies have been advertising frantically in attempts to buy as much gold as possible.  UK and US media are inundated with their adverts.  These companies know full well that what they buy today will be worth more tomorrow.  If you can, hold off before you sell.  A word of caution however: what comes up must come down – hold off but don’t miss the boat.

Buying Gold

With the above in mind, now is a time to be buying gold.

Image via Wikipedia