How To Buy Gold in Dubai… and Check It's REAL! (Avoid Scams)

Next, I called Dubai's infamous massage cards! 🔞 https://youtu.be/zTyHOa5rrgI Is Dubai actually cheaper? What do you think? Here's what to spent on 1 pair of earrings: Gold weight: 6g Gold value: 1343 dirhams Making charge: 277 (20.6%) Tax (VAT 5%): 81 (69 tax back at airport) Total: 1701 dirhams (with tax back: 1632 dirhams). I think it works about the same price as India if buying designer pieces. Check my blog post for links to the gold testing centre and 0% making charges mall blog.karlrock.com/how-to-buy-gold-in-dubai-and-tes…

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

Being in the industry couple of things to mention. First is the making fee, lot of the time it may be very little to nothing on the machine made items however if you have anything detailed hand made or custom made you will have to pay the making fee. Secondly, the authentication I can tell you that bars can be fake no acid, machine or weight can detect the fake bars we often drill holes in them if they dont come from our trusted suppliers. However small jewellery can be authenticated by the machine.

What a kind gift to her. What a good son you are.

This is so helpful and informative! Will watch it again as a reminder before visiting Dubai 🙆🏻‍♀️

Great information Karl, thank you, it's also nice to see your better half with you as well, you both make a good team, take care. :)

bro you are amazing im watching your videos 5 days now in a row !! keep going this good videos and keep us safe

The owner you spoke to - I've been buying from his stores for over 10 years and they always have (for me) the best quality jewellery. I know another owner who I also started purchasing from around 7-8 years ago when he had 2 small shops but now operates 16 stores around Gold Souq. The only thing you have to be careful with is when it comes to selling. Most shops will say there is a difference between the buying rate and the selling rate, but this is rubbish. The gold price is the same globally, so why should they offer you less than spot price when selling? The shops may say it's to lessen their risk in case the gold price falls the next day, but at the end of the day, that is a risk. What if I offered them less than spot price for buying because the gold price 'may' fall the next day, would they accept it? Of course not! So just be careful here and ensure they give you at least the global spot price when selling or trading in old gold. Oh and also, I always take a pair of over ear headphones as not to get inundated by the people that constantly approach you that try to sell you fake watches, handbags, t-shirts etc.

Thank you for always bringing up such informative vlogs.

Ah, its so nice that one of your subscribers gave you these "insider" tips and helped you save money 😊

Love the high quality vids Karl keep it up ❤

I am a Dubai resident. I just want to say happy uae National Day 🇦🇪

Karl you are amazing bro. Keep doing this and sharing your helpfull information making the world a better place !

Eagerly waiting. You're awesome Bro👍

Thank you Karl for the information. Im planning to travel to Dubai in 15 days I can't wait!!!!

love this vid another great one thanks Karl

I have always bought gold chains from the suk. Brought back to Australia and sold a few years later for a profit. Gold centre is the place I buy gold from

Love your video's! They are always helpful 😊

This is a great way of making people aware

Thanks Karl very informative video and will help on my trip in March 👍