Buying Gold in the UAE and in the USA? Here are Your Options!
Tips for Purchasing Gold in Dubai and in the United States: What You Should Know Before Investing in Gold
What if the single greatest gold «heist» in history was happening RIGHT NOW at this very moment, NOT led by the government, but rather, by a sneakier and far more evil group?
A nefarious group of characters, lurking in the shadows, anxiously waiting to sell you gold, so that they could STEAL 30%-50% of it right out from under your nose...without you even knowing it. Unfortunately, this is happening EVERY SINGLE DAY to thousands of unsuspecting gold investors.
And you have almost certainly seen the innocent-looking advertisements all over the internet. You may have even fell victim to them if you already own gold.
This brief guide is going to do three critical things for you:
- Prove why gold is still the single best hedge against rising inflation, government spending and the many assaults on your retirement...
- SHOW you how easily it is to roll your current retirement accounts or plan into gold, TAX-FREE , and then keep your retirement safe in a secret offshore location… and…
- To expose what is by far the most evil conspiracy to steal and devalue gold EVER devised — a few gold companies have already been shut down for this, but there are still hundreds more that are ready to prey on you.
Whether you currently own gold now, or will sometime in the future — you’ll want to drop everything and give this a couple minutes of your time.
Because BILLIONS have already been taken, right from under our noses, and that number is about to multiply many times over. What I discovered recently about gold theft shocked me more than anything I’ve seen in 30 years.
Without a doubt, the information I’m leaking today will put many unscrupulous gold companies out of business. This information has NEVER been shared before, and my goal is to quickly educate as many people as possible before this page is taken down by the BIG bad gold companies, who have a lot more money and lawyers than I can compete with.
I know that if you take action on the information in this video, you’ll have a very real opportunity to get your gold — or any future investment you make in gold — to safety from these crooks. Ignore this sober warning, however, and you risk getting scammed anytime you attempt to buy gold, which could mean LOSING 20%… 30%… even 50% or more of your investment, instantly!
Imagine owning $100,000 in gold — and HALF of that value just being vaporized. The craziest (and scariest) part is, I’m NOT talking about changes in market price for gold — I’m talking about ‘theft’ in the truest sense of the word. I’m talking about people who think they own the amount of gold they were sold, only to find out half of it doesn’t really exist.
Frankly, I’m angered when I see such a crime perpetrated against honest, hardworking investors like you. And my mission is to make sure you’re protected. That’s the good news: Because once you understand how to protect yourself from the gold heist that’s taking place…
…you’ll also know exactly how to properly secure gold at full value, and store it in the single safest location on earth.
(No, it’s not in the US, Switzerland, or anywhere near the Caribbean.)
By taking the one step I recommend in a moment, you will ensure your gold wealth grows in the months and years ahead — and that you never have to worry about thieves or the government or any federal entity seizing your gold at anytime, ever.
So be sure you read to the end of this brief article — because I’ll be giving you everything you need to know, including a «starter kit» you can use to beat these thieves at their own game.
Before I reveal who is out to steal your gold, present and future, we need to get some simple facts out of the way:
If you’re reading this, then I think it’s safe to assume you already know what an incredible investment gold is. Sure, it can be volatile in the short-term . But long-term , gold has been a phenomenal asset in any portfolio. In the last 15 years alone, Gold has gone from $279 per ounce, to over $1200 per ounce (at the time of this publication). That’s 437% growth!
By contrast, the S&P 500 went from 1498 to 1982 — a mere 32% increase over the same timeframe. In other words, having your money in gold produced nearly 14 TIMES BETTER return than the stock market. Incredible when you think about it. Of course, you also know that gold isn’t just an investment — it’s also a hedge against inflation. With unprecedented money printing by the Federal Reserve under President Obama’s reign, the dollar has not only taken a beating — it’s literally been put on life support.
Another government shutdown, or further international loss of confidence in the dollar could trigger a crisis unlike anything we’ve ever seen. This is why Jim Rickards, hedge fund manager and author of the book, Currency Wars, argues that any number of events could cause the price of gold to double overnight. The massive instability created by our government also means that nothing is sacred — not your retirement account, not your federal benefits — NOTHING. It could all go up in smoke, should our government’s debts ever come back to bite us.
It is for this reason that many savvy gold investors are now rolling their retirement into gold — and then keeping their gold safely out of reach of the Federal Government (using the secure, 100% legal offshore storage location I will reveal at the end of this guide).
Because when nothing is sacred or secure — including the retirement plans so many of us have worked so hard for — you cannot afford to take any chances. In a moment, I’ll show you the most effective way to roll your current retirement account into gold as quickly, easily and safely as possible. I’ll also show you why most investors do it ALL WRONG, setting up the horrific theft I mentioned at the beginning of this post.
The theft is so blatant that almost no one sees it until it’s too late. To understand the enemy, you need to understand the phenomenal power of their...
«Bait and Switch» Scam
Imagine you’re watching TV and you see an advertisement for a new car. It shows the most attractive model, and promises that you can lease it for just $199 per month. Excited, you head over to the car dealership, meet the sales person and he takes you on a ride. You’re even more thrilled about the possibility of leasing this amazing car for just $199! And so, as you head over to the office, ready to finalize the paperwork… that’s when he drops the bomb on you. The car you just test-drove , the same model in the commercial, is not available for $199 per month. It’s actually $499 per month! Oops, sorry!
The fake low price was for a model they don’t even have in stock. It was just meant to get you in the door, so the salesman can work his perfectly scripted pitch on the higher end model with all the bells and whistles. But now, you’re already pre-sold and you’ve invested all this time. You may not proceed with the deal, but you’re probably tempted, especially after his slick sales pitch. Now, this is thoroughly dishonest and disgraceful behavior, but it’s not theft. Theft is what happens to unsuspecting investors in the gold market — perhaps to you -every single day. You see, many large-scale gold dealers will advertise incredible deals with low priced bullion products to attract gold and silver investor interest. Once these dealers have you (their «prey») on the phone, their sales force is trained to avoid selling the advertised low-priced bullion…
And instead they sell you on their highly marked-up items, like pre-1933 gold coins, numismatic coins, fancy bullion and so on. All while explaining how much more valuable these «rare» coins are. Their sales tactics would be laughable if they weren’t so effective at fleecing the public from their hard earned savings. Part of how they do it is what’s called…
«The Confiscation Scare»
This deception generally preys upon the essential reason you call or visit these outfits in the first place — uncertainty about the economy and governmental policies. If a dealer ever attempts to influence your investment choices by using confiscation scare tactics… run, don’t walk, but RUN away. Fast! If they have the audacity to mention President Roosevelt’s 1933 Executive Order (about gold confiscation), consider these facts:
President Roosevelt’s 1933 Executive Order 6102 prohibited the private ownership of gold in America. It required US citizens to hand over their gold bullion to a Federal Reserve bank or face a $10,000 fine and or 10 years imprisonment.
The President’s order listed the following exemption:
Gold coin and gold certificates in an amount not exceeding in the aggregate $100 belonging to any one person (roughly 5 ounces of gold); and gold coins having a recognized special value to collectors of rare and unusual coins. The «rare and unusual coins» clause is what many dodgy coin dealers use to convince investors that regular bullion coins are not safe and could be confiscated by the government.
Under the ruse that they themselves are offering rare and unusual coins which would be exempt from a potential future Roosevelt-style confiscation, they are then able to justify up-selling the public 30% to 50% or more over the actual value of the gold content in the coin.
So if gold is at $1200 an ounce, they will try their hardest to convince you that your safest bet is to buy «rare» 1-ounce coins for $2,000 or more. And here’s the kicker… If you turned around the VERY NEXT DAY, and tried to sell the coins back to them, they would only offer you the actual value of $1200 per coin. It is truly remarkable and disgusting. But it gets worse!
Research has shown that roughly 25% of privately held gold in 1933 was turned into various Federal Reserve banks (this gold was melted down into 22k bar form and moved into Fort Knox, helping to ensure the dollar’s viability as an internationally convertible gold standard currency). The roughly remaining 75% of privately held gold was hoarded and not turned in.
Not one US citizen was convicted of hoarding their gold. Not one! And millions of common pre-1933 gold coins still being sold today are ironically being touted by those same sellers as «rare and unusual». Real rare and unusual numismatic coins can sell upwards of 100 times or more of their precious metals content. Translated, this means that you’d be LUCKY to lose 30–50% of your gold’s value on «markup» — you could lose much, much more.
And I’m sorry, but selling gold using false pretenses to justify insane markups — and ensuring that good-intentioned investors like you only get a fraction of the possible gold value for your money isn’t just dishonest…
…IT IS OUTRIGHT THEFT.
And it’s happening every single day, to the tune of BILLIONS of dollars. Your great-grandfather ’s pre-1933 gold piece is neither «rare» nor «unusual» according to the official definition. It is no more safe from the government than anything else you own. Yet, this doesn’t stop large gold dealers from hounding your Internet browser, television, and radio, offering you rock-bottom prices, only to then call your phone non-stop , pushing coins that are neither exceptional nor fairly priced. Once you’re on the phone with them, that’s when the real fun begins…
Because rare coin sales pitches will many times come complete with official-looking «figures» that track numismatic coin values versus bullion, over select periods of time. The carefully selected rare coin indexes displayed will of course show that «collector» coins outperform bullion, all thanks to beneficially hindsight-selected spans of time and products.
The financial term for this is called «cherry picking» — and it’s one of the shadiest sales tactics around. It’s only years later, when you go to sell or double check the price on your coins that you realized you were fleeced — and your coins are worth significantly less than your original money, which could have been spent on real gold or silver bullion. Worse, your coins are no more safe from confiscation than money in a bank. Because they are still being stored in the USA.
But the WORST part is, this scam is only just the beginning! Because, the shady dealers have upped their game, using an even slicker form of deception to swindle honest investors like you. I call it…
«The Fancy Bullion Hoax»
Here’s how it works:
Gold dealers begin by buying up limited mintage products from the mint at the normal spot price of gold, and then they suddenly call them «rare» and «exclusive» as if that gives them greater monetary value…
These «fancy bullion coins» are then highly marked-up and peddled to unsuspecting buyers.
If any gold dealer mentions ANY of those coins above, please do yourself a favor and HANG UP THE PHONE IMMEDIATELY. Just remember that anytime you start to hear words like «rare»… «special edition»… «exclusive»… or «limited» when it comes to gold, then you’re usually about to be scammed.
Bottom line:
If you are interested in owning gold for the same reasons most people are, then the best way to invest is by acquiring physical gold bullion. (no exceptions)
Real gold bullion coins, or bars — without insane markups — have the type and grade of metal and their weight stamped right on them. In the event of a crisis, your local radio and television stations, news websites and stock tickers will constantly be broadcasting the current price per ounce. You will know exactly how much your gold is worth at any given time; and dealers, buyers, merchants and bankers will know as well. Demand for your bullion will skyrocket, and you will be able to sell your metals quickly and easily. It’s highly unlikely the same will be true of your numismatic «rare» coins, for which you will have paid a high premium.
The exact metal content on numismatic coins may be unclear; dishonest dealers may dispute the coin’s weight; and no one is likely to care that you paid a lot more money because your coins were old and supposedly rare.
Now that you’re aware of this «theft» — the solution is pretty simple:
Focus on real physical gold bullion — avoiding numismatic, collector or fancy coins
Go with a reputable dealer you research and trust
Have an «safe storage» strategy that keeps your investment protected if God forbid there ever was a government meltdown or confiscation
Before we cover number two, let’s jump to the third step — safe storage — because it’s one of the most controversial and misunderstood parts of gold investing.
As you probably know, neither Switzerland nor Caribbean locations like the Cayman Islands are safe havens for gold. Those places have been «unsafe» for years — as there have been massive seizures of assets, including gold, from banks in those locations.
The US government has undeniably easy access. Even if you never break any laws, which I’m sure you don’t… you simply do NOT want to keep your gold within arm’s reach of the government should anything ever go horribly wrong with our economy — which isn’t a far-fetched possibility. Additionally, in order to avoid taxes, you do not want to take possession of your gold if you are putting it into a retirement account. It must be stored in an approved 3rd party vault.
In fact, that leads us to one final Scam to be on the lookout for…
I call it…
«The Home Storage IRA Scam»
This «investment opportunity» is about as risky as they come.
It involves shady gold companies convincing you to open up an LLC company in your own home, which will then hold your retirement funds (or gold). This is an attempt to avoid the IRS requirement of precious metals IRA’s being setup by an established custodian or financial institution that is subject to state or federal regulation.
With the home storage tactic, gold dealers will tell you that there will be no banks, no fees, and immediate access to your precious metals right in the comfort of your own home. While they will make it sound as simple and legal as possible…
It is EXTREMELY RARE for anyone to actually meet the lengthy IRS requirements for this sort of setup, and a simple LLC in your house doesn’t cut it. Anyone wishing to attempt this, must complete a written application with the IRS, demonstrating that the applicant satisfies a long list of requirements that meet the applicable regulations. This includes complicated requirements relating to fiduciary ability, experience, capacity, fitness to handle retirement assets, bonding, audits and net worth. Additionaly, the applicant cannot act as a trustee or take possession of the metals until the IRS provides notice that their application has been approved.
The time and effort it would take to compile these materials and even stand a chance for approval is ridiculous. This reality is in stark contrast to the simple 3 step process promoted by many gold dealers. But the gold companies don’t care because they already have your money, and will ship the gold to your LLC company (at your house) while you wait for IRS approval (or the more likely rejection).
Oh and by the way, there will be a tiny little disclosure on their website stating that you release them of any legal liability if the process turns out to be illegal! And guess what happens if you take possession of that gold before you are IRS-approved , or if the IRS rejects your application?
You could be required to pay immediate taxes on your entire retirement account, as well as a 10% penalty — effectively costing you 35% of your retirement or more! The scammers are not only trying to trick YOU, but they are also trying to get you to trick the IRS, by pretending that your IRA isn’t really under your control. But let’s be realistic here.
We are talking about the IRS. Do you really think they will believe you do not «control» your IRA if the funds are sitting in a safe in your own bedroom? And which is more likely — the IRS accepting your application with this cockamamey structure, or rejecting it? The answer is obvious.
Look — if you want to gamble, you can go to Las Vegas. Opening a «home storage» precious metals IRA is much more risky and a lot less fun. So do yourself a favor and hang up the phone if any company mentions a «home storage» option for your precious metals IRA. That’s why I’m excited to reveal what I’ve discovered to be the one ideal place to store your gold, safely, with maximum security, zero taxes, and peace of mind - 100% insured and backed by Brinks Security, and 100% legal. This is one of the most stable countries in the world today — both politically and economically — and is emerging as one of the preeminent precious metals trading hubs in the world.
We both know it’s a good idea to get our gold outside of massively indebted and near insolvent Western banks and jurisdictions. This trend looks set to continue, given the very poor state of most Western nations — and this wealthy little country looks set to be a beneficiary of this trend. I can’t reveal this location or details of investing there publicly, as I want to keep this reserved for those who will keep this information confidential.
That’s why I’m going to share a discovery I recently made about a company offering a Free «Gold Starter Kit» that — if you’re approved to receive it — will give you EVERYTHING you need to know about the secret gold storage haven I’m talking about.
You’ll learn why:
This is one of the most stable countries in the world today — both politically and economically.
It is fast positioning itself as Asia’s global precious metals trade hub.
It is becoming a «Global Financial Hub» with the largest pool of private banking assets in Asia, with OVER $1.1 TRILLION (US). And growing.
It is a «Global Transportation Hub» with easy access in and out, anytime — to ensure you’ll never lose access to your gold for any reason.
Not to mention… you also get:
Favorable Tax Treatment
Leading Storage Providers
Segregated Storage
Pools of Liquidity
Refining Capacity
World Class Physical Infrastructure
Brinks’ Insured Vaults
Video Recordings of Your Metals Being Stored
And More!
There’s so much I could tell you about the benefits of storing your gold in this emerging safe haven — and you’ll get it all if you’re accepted to receive the free starter kit I mentioned a moment ago.
Now, the company I’m about to introduce you to is one of the few honest, reputable gold dealers I’ve ever come into contact with.
They DO NOT recommend numismatics, fancy bullion, rare coins, or home storage. They’ve been in the gold industry for well over a decade — they’re the single most credible supplier and resource I’ve found in all my years. They specialize in helping people like you protect your retirement account (including your IRA or 401K) with REAL physical gold and silver assets.
And they help you do it TAX FREE, without any penalties or fees. No company is more legitimate and trustworthy. They have:
A+ rating with the BBB (Better Business Bureau)
Triple A rating with the Business Consumer Alliance (BCA)
5 star out of 5 star customer satisfaction rating with over 500 reviews on TrustLink
Certified and Fully Insured Gold IRA Transfers
Plus, they’ve been featured many times by leading publications such as Forbes and Inc 500.
A handful of gold companies have recently been shut down by the U.S. government for the very fraud that I’ve revealed above. But more and more are popping up every day with new names, and the same scam. That’s again why I’m thrilled to invite you to apply for the free Gold Starter Kit that covers everything you need to know about safely and successfully rolling a portion of your retirement account into gold — and then keeping it safe, for life.
With this FREE Gold Retirement Starter Kit:
You get a report with cutting-edge info on Investing in Gold & Silver…
You get an Award Winning DVD, Exposing The Secrets of The Federal Reserve!
You get The Insiders IRA and 401(k) Rollover Guide.
You get The Forbes Magazine Investment Guide.
PLUS, you get The Untold Story of Gold — a Special Report.
Again, all 100% free — no fine print and no slick sales pitch.
This is everything you need to not only rollover your existing retirement account into physical gold TAX FREE without PENALTIES or FEES…
But also how to store your gold safely and keep it immune from the danger presented by government or financial meltdowns. The only catch is that they only have 500 of these kits available, and last I checked, nearly half were already gone. That is, in part, because they are similar to a 5 star boutique hotel, and like to be able to maintain personal connections with their clients, and can only accept so many people, while still maintaining that level of personal attention.
So, if you delay, you risk missing out on what I’ve found to be the single most valuable tool and resource for helping you grow and protect your retirement.
Now, and in the years to come. To receive your FREE kit, simply click here — enter your info, and then if you’re approved, you’ll be rushed this entire kit — at absolutely no cost — in the mail.
There is no catch or any strings whatsoever.
You just need to apply quickly to give yourself the best chance of getting one of the last remaining kits — that’s it. Once you’re in, you’re in! And it will be rushed out to you immediately. Why is there an application process?
Simple: The company has to be VERY selective about who they send this information to — as this industry is fraught with unscrupulous individuals who may take advantage of this offer. It also separates who is serious about learning the TRUTH, versus those who are just looky-loos. So again, to get started, I highly encourage you to click here and ask for your FREE kit.
It’s a small action that can easily set you up for a lifetime of potentially safe, profitable gold investing and growth. Now, before I wrap this presentation — I will close by giving you three additional, urgent reasons why I think it’s imperative that we ALL maximize our gold holdings…
The first is that, earlier this year, it was announced that our national debt was at $19 TRILLION. Of course, this scary number won’t cause pulling back of government spending any more than the European debt crisis will. Another big factor influencing the price of gold is production. Despite the fact that gold prices have more than quadrupled over the past decade, gold mine production has peaked, and is actually trending down. Indeed, even countries like Chile are showing strong opposition to mining projects. Prospective gold miners are often treated no differently than those wanting to start a nuclear power plant. And with less and less fertile territory for mining, it will clearly be difficult for gold production to grow far beyond where it is now.
That too, could trigger a MAJOR long-term spike in gold prices. Finally, the third factor is record physical demand for gold.
From Russia, India, China and beyond — there is undeniable, record demand for gold right now from central banks, wholesalers, and consumers — and it’s showing no sign of slowing. All that demand will inevitably drive the price higher.
So, to summarize…
Given the economic and geopolitical storm clouds on the horizon and the potential upswing I just outlined, doesn’t it make sense to add physical gold to your portfolio — or through your retirement account? I certainly think so.
Even putting 10–30% of your retirement into gold before the 2008 financial disaster would have not only PROTECTED your retirement, but you would have been one of the lucky few who actually made GAINS during that volatile time. There’s simply too much money to be made going forward. It’s possible gold could soar to well over $2,000…. $3,000… even $5,000 per ounce in the years ahead.
Yes, it could take years — particularly as the sovereign debt crisis edges closer and closer to Washington. But many believe the recent «pullback» in gold pricing was just temporary — and this is setting up what may be the greatest buying opportunity any of us has seen in years. Do not be fooled by the recent «low» unemployment numbers or so-called «recovery»!
NOTHING HAS CHANGED:
Over $3 trillion unbacked paper dollars will have to meet their day of reckoning — and when they do, gold investors like us are likely to reap incredible rewards. Seeing all of this, it’s now easy to understand how so many companies have come out of the woodwork, eager and ready to sell investors overpriced coins — effectively stealing from them — capitalizing on a message of fear. I hope by now you see that the company offering you the free Gold Starter kit below is 100% different.
Not only is their reputation impeccable — but they’re willing to put their money where their mouth is and give you a complete education on everything you need to safely invest in gold… whether you choose to work with them or someone else, YOU WILL BE INFORMED.
And with your newfound knowledge, you will be bullet-proof from gold scammers. This extremely valuable free starter kit covers all you need to know — from where to buy, and where to safely store your gold — for life. It’s all yours, at absolutely no cost.
Don’t you want to know exactly how to roll part of your retirement account into gold… where and how to get the best prices on gold…and how to store it safely, without risk of seizure or theft? You should — because there is no better way to protect and grow your retirement than gold.
And with your free starter kit, you’ll be armed with everything you need to avoid the scams and theft… get the best value for your money...and stay protected no matter what happens to the economy or government. Already in this guide, I’ve exposed the industry’s worst lies, and provided real education on this confusing and controversial subject...
...yet this is only the tip of the iceberg. There’s so much more you’ll discover once you receive your Free Gold Starter Kit and devour all the information inside. Don’t make the mistake of being complacent — many investors fail to do their proper due diligence before getting into gold, only to lose a massive amount of money and value — thanks to the scams we covered earlier.
That’s it!
There is no cost, and no strings or obligation — you’d honestly have to be a little crazy NOT to take advantage of this rare opportunity to learn the closely-guarded TRUTH. To get for your FREE kit, simply click the link above now!
They have been moving fast, but there should be a few left — if you act and get yours now. Again, it has been my pleasure helping you navigate the dangerous, but lucrative minefield that is gold investing. Clicking below will easily be the smartest investment decision you’ve ever made — one that could preserve, protect and even grow your retirement — in the months and years to come.
What ELSE you should know before investing in Gold?
Investing in gold has been an old and viable business option. Most of the world’s currencies are valued against the yellow metal and is always desirable to mankind. Investing in gold is effortless as you only need to purchase some from a reliable source, but there are many nuances that must be kept in mind before going for the investment in the precious metal.
There are many ways in which one can invest in gold; some of them are listed below:
Gold Fund & Stocks:
Purchasing stocks from a gold mining company is a very common method of investing in gold. On another note, one can also buy from an investment fund that runs on investments in gold bullion. There are a number of brokerage houses that trade in these kinds of investments.
Collectible Gold:
Purchasing gold in these forms is yet another viable option, where you pay taxes on all the gains, which you reap from selling the gold at collectible rates. Although this option allows generating a lot of revenue, a large part of it goes into paying taxes. Currently, the rate hovers around 28%. These collections of gold, aren’t subjected to collectibles tax, which is a very good thing and a fine reason to consider this investment option.
Gold Bars & Bullion Coins:
Bullion is a large amount of physical gold, of all purity standards, and is usually evaluated on the basis of weight. Mostly cast as ingots or bars, bullions are sold by distributors, bullion brokers or even by some banks. Banks are mostly a good place to buy bullions, should you choose to invest in gold this way. While investing, checking for any kind of risks is always a very good option. It never hurts to be a little more cautious than not. Here are some points to keep in mind whenever investing in gold, and investigate about:
In case you wish to investigate in coins or ingots, always ask about the melt value of the gold. Sellers may inflate the numbers to make more money out of you.
Always get an independent valuation of the particular gold commodity or product you are considering. Your money is not only going to be invested in gold.
You might need to buy insurance for your extremely valuable assets, and/or a safe to keep them at, or you may have to get a specialized bank locker. Keep all these factors into consideration before putting in your hard earned money into gold. Know the purity of the kind of gold you’re investing into – 24K is always 100% pure gold and more valuable. Other values of purity are 22K (87%) and 18K (75%). Lesser purity gives gold lesser value.
Gold market in Dubai
In UAE, Dubai has always been the center of gold and other trading centers. Dubai has always been the trade capital of UAE. In Dubai, gold is sold on gold price plus the making charges. This is in contrast to the rest of the world where gold is sold per unit and making charges are added as a secondary charge. Making charges in Dubai are not calculated as a percentage of gold prices (again differing from the rest of the world), but is set as a flat rate. Some out-of-the-box suggestions are to collect and stock up gold bars from one of the gold dispensers. Do not be fooled into stocking up on those gold bars, as they are meant to be tourist souvenirs and don’t hold much value except for the weight.
There are other options of investing into direct gold, such as buying jewelry. Bullions can be found at various gold souks and also in certain banks. Best time to buy them is when the prices are low, so that you may make the maximum profit when you choose to liquidate your investment. However, gold prices fluctuate, and although they may not be very volatile, their value depends on a lot of factors such as sentiment towards gold, governments buying to add their gold reserves, or when equity prices are volatile. India is the world’s largest importer of gold, but there is very little understanding, even amongst experts, as to why UAE is one of the best places to buy and invest in gold.
The Gold Souk
Dubai was just a small market back in the 1900s, with only a handful of retailers, but now the Gold Souk in Dubai is one of the largest and most sought after places for gold trade. With over 300 shops trading in all forms of gold, the Dubai Gold Souk is one of the most reputable gold markets in the world as of today.
Tips for purchasing gold in Dubai
Purchasing on weekends is a good way to get your gold. Weekends are a stable time to get gold as prices will not be traded until Monday 2AM. The Dubai Gold & Jewelry Group fixes gold rates twice a day. Best course of action is to check the current day price, and then going for a purchase. It is legally mandatory for all gold shops to carry a gold purity mark on all of their items. Check out for the same. Do not make a purchase if it’s doubtful. Your negotiating power also makes a lot of difference. Do not hesitate to ask the dealer to cut down the prices. A skilled bargain can get you a very good deal. Everything said, there is a wide scope of investment in gold. Every investment has its own pros and cons. Having read our advice and done your research, you’d already have the answers to what, when and where. The ‘how’ part is up to you. Our best wishes for your investment.
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