Gulf Research Center

will host a lecture entitled

Oil for Gold or Oil for Paper? Financial Stability, Gold and the ongoing Rise in Commodity Prices

by

Dr. Ferdinand Lips

23 May, 2005

at 7:00 pm

Gulf Research Center, Dubai

Introduction

Whether currencies, oil or offshore investments, every crucial economic factor in the Gulf countries is highly dependent on the US dollar, which shows increasing signs of structural weakness. In his lecture, Dr. Lips, a worldwide renowned gold and currency expert, will discuss how the Gulf countries can escape potential financial disaster and how they could act in the current economic environment. Dr. Lips will also look at how the Gulf countries can preserve their investment capacities most effectively given that the ongoing boom in oil and commodity prices is reminiscent of the stagflation scenario of the seventies. In that respect, he will pay special attention to the huge supply deficit in the gold sector and the efforts that have been undertaken to address this problem.