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<p>[QUOTE=&quot;medoraman, post: 1696534, member: 26302&quot;]Dubai is one of the largest centers of the gold trade, and India one of the largest producers of jewelry. Dubai exports nearly as much gold as it imports. Indian gold jewelry exports is a huge industry, one must not forget that in looking at Indian import figures. I have friends in se asia and china in the gold business, both get gold bars and some jewelry from dubai, the other jewelry from india.</p><p><br /></p><p>As to the comment that physical demand from gold doesn&#039;t matter......i am confused. First this board praises pm as &quot;the only real money&quot;, and &quot;something everyone in the world desires&quot;, and&nbsp; &quot;there is a severe shortage of pm versus limitless demand&quot;, as the reason it will go up forever, but now physical demand for gold is meaningless to its price? I guess i would wonder what IS meaningful to its price if supply and demand is of no concern......[/QUOTE]</p><p><br /></p>

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