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9Oct/170

Regal Assets Dubai Review – Study the Comprehensive Report About Precious Metal Trading With Regal Assets in Dubai.

To outsiders, Dubai’s eager strategy to wealth as well as its fascination with glitz is probably the city’s most intriguing traits. And as there is more towards the emirate than supercars and cheap diamonds, the actual fact remains that, as the world’s great gold trading hubs, our city is where to adorn yourself with riches.

In July 2013, gold posted its worst quarterly drop in 113 years. Without tax in the precious metal, Dubai is a perfect location to purchase it, but does that mean it’s a rewarding investment? Not really, as outlined by Keren Bobker, senior financial consultant at Holborn Assets.

‘Unless someone has a crystal ball it’s impossible to calculate if gold is a good investment,’ she says. ‘The price can be volatile and there is absolutely no guarantee that you simply can make anything.’ Unlike many investments, including shares and property, you can’t take money from this adds Keren. ‘I’m more concerned that men and women build up their savings in a diversified portfolio for their long term benefit, than speculate on https://www.youtube.com/watch?v=dgYwRBwnQTw. It needs to be kept as at most five percent of your total investment assets,’ she adds.

If you decide to invest in gold, don’t be fooled into stocking up on gold bars from a of Dubai’s gold dispensers (you’ll see them in Atlantis, The Palm and also the Dubai Mall). ‘It seems very gimmicky,’ says Keren. ‘A serious investor is not really going to buy from a machine, therefore i imagine it’s more of a tourist souvenir, especially when you consider where the majority of the machines are.’ Instead, Keren suggests you head straight to the jewellery shops. ‘The most common strategy is probably by buying jewellery. This is certainly largely sold by weight from the UAE [untrue elsewhere], and also the workmanship can boost the price,’ she says. The more intricate the look, the greater you can expect to pay.

Gold bullions can be purchased at the gold souks and certain banks, including Emirates Gold, Al Abayad Jewellers in Sharjah and Credit Suisse, and also online dealers. ‘You can start with a coin (some kind of special UAE ones exist) costing under Dhs1,000, a little bar of just an ounce, or move entirely around massive bars weighing several kilos,’ she says. ‘Bullions must be stored in a bank vault, not in your house.’

So when is the greatest time for you to buy gold? ‘If only I could predict that,’ says Keren. ‘The best time is when costs are low, so that you must keep close track of the current market,’ she says. But investors also need to be mindful of indicators which contribute to the fluctuating expense of gold, including sentiment, governments buying to offer rega1 reserves and when equity pricing is volatile. As for selling, Keren says holidays tend to be the best time to strike. ‘You may see some small surges sometimes of holidays when gold is traditionally bought in certain countries,’ she says. ‘India may be the world’s biggest gold importer along with a lot is bought at Diwali and Akshaya Tritiya, as well as during Eid from the Muslim world.’

India might be the world’s biggest importer, but there is often little understanding as to the reasons Dubai is one of the best places to buy gold. ‘It’s partly on account of historical reasons and as a result of sheer volume of trade here. Both Arabs and Indians have historically been interested in gold as an option to putting cash in the lender,’ she says. ‘In many cultures it really has been tradition for a lady to wear the family unit wealth, particularly ahead of the coming of safe banking. Some traditions die hard.’

For people eyeing gold as being an investment, Keren reiterates her view that it’s imperative to proceed with caution. ‘When being bought for investment it should be considered an assets class like any other as well as the answer to a healthy investment portfolio is diversification. Never place all your cash into one asset.

That’s incredibly risky when you have no power over market prices,’ she says. But so long as you’re in Dubai, there’s no harm in adding the odd piece to your jewellery collection.

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