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Wednesday, March 17, 2010

One group of merchants is doing just fine: the gold merchants:

GAZA CITY -- Gaza's borders are closed and its economy in shambles, but the glittering alleys of the territory's centuries-old gold bazaar are packed with young brides to be.

The market has experienced an unlikely renaissance in recent years as Gaza's Islamist Hamas rulers have championed weddings and Israeli closures have crippled the local economy, making gold an attractive investment.

"Not only have we not been hurt by the Israeli blockade, but our business has actually gotten better," gold merchant Iyad Basal says as people cram into his crowded family-run shop.

"We have not stopped working since the blockade because the gold comes to us through smuggling and Hamas encourages marriage," he adds...

gold in gaza.jpg

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