Visit the zoo – Dubai Zoo, located along Jumeirah Road, is an outdoor zoo near the beach. Plan the visit, though, because it can be really hot during the summer months. Entry costs 3 AED.
Avoid “copy watches” – Expect some persistent hawkers along the Gold Souq to sell you fake watches. If you are not interested, simply ignore them and walk away.
Recently the gold price has been trading in the 5-5 per ounce range. While down from the mid-March ’08 highs of 00 oz, the price remains at record levels. Many consumers are contacting us at GoldFellow to ask if they have missed the opportunity to sell their unwanted gold jewelry because the price of gold per ounce has come down a few percent. It’s a good question. So, how does a per oz gold price change affect the pennyweight value of your old gold jewelry?
If your plan is to invest a large amount in gold, it is better than you invest it in physical gold instead of ETFs. The holding costs end up being cheaper than those of ETFs when you have higher amounts of money invested, plus the longer you hold onto it, the more you save.
The truth of the matter is that most companies are reputable, although as you well know, companies are in business to make money with as high of profit margin as possible. Gold buyers are no different, and will seek to pay you as little as possible for the gold they purchase from you.
After you are ready with your funds and numbers, wait for the day when you feel that gold price today is right and you expect it to go higher later, buy as per your capacity.
Now let’s do a little math. That share in the Dow Daren’s grandfather bought had gone up 40,000%. When you divide that ,000 by the price of gold today you could buy 8 ounces. In 1929 it was worth 18 ounces, so in terms of gold that 1929 share in the Dow has lost 55% of its value.
Gold reflected a good run recently, but it does not mean that it will continue. This article is here to help you find a trustable place for graded gold or silver coins for the lowest price available. This is NOT intended to provide you with any sort of financial or investment advice, but simply to guide you to resources that you can trust.