Buying gold in Dubai?

WOW, What a night in the old gold souk. I checked out the two shops Anjali and lakhoo but found better deals at V.Mamilya and Wajdai. Using the advice from other members, I dicided to buy pamp and do a couple of trips in over the next month. Last night I spend just under $3000 AUD and got this little girls. :D
6 x 5gm
1 x 20gm
1 x 10gm
1 x 2.5gm =62.5gm for $2920 AUD
845_sl371302.jpg
 
Lunty said:
1. should I buy up big now because of the dip?
2. wait until the end of the month?
3. buy 1 ounce bars or buy gm bar and get more little bars?
4. pamp or valcambi?
5. will I have issues getting home on a plane with that amount?
6. or forget it and keep the money in the bank or buy shares
Click to expand...

1. No you should spread your purchases out over time, for instance buy ~$2000 of gold each purchase
2. I think the price may fall further so I am waiting a couple more weeks
3. Im buying 1 oz bars because of the low premium
4. Not too familiar with which is better but Im buying from the Perth mint just normal 1 oz bars
5. I doubt it but I dont know much about that
6. I think its a good idea to always keep some money in the bank for liquidity purposes, I like to leave atleast $5,000

Its all personal opinion but hope thats helpful in some way to you
 
Smart move sticking to big brands.

A few 100g and 250g cast PAMP bars should be a good way to spend your deployment allowances :P and be easy enough to conceal.
 
Lunty said:
WOW, What a night in the old gold souk. I checked out the two shops Anjali and lakhoo but found better deals at V.Mamilya and Wajdai. Using the advice from other members, I dicided to buy pamp and do a couple of trips in over the next month. Last night I spend just under $3000 AUD and got this little girls. :D
6 x 5gm
1 x 20gm
1 x 10gm
1 x 2.5gm =62.5gm for $2920 AUD
http://forums.silverstackers.com/uploads/845_sl371302.jpg
Click to expand...
Lunty,What a deal.!..comes around $46/gm.Gold on the rise and you've done the right thing.All the best,Lucy
 
Lunty said:
WOW, What a night in the old gold souk. I checked out the two shops Anjali and lakhoo but found better deals at V.Mamilya and Wajdai.
Click to expand...

As I assume you got receipts for your purchases, could you post the telephone numbers of the two shops which had the better deals.
 
From my experience i found in Dubai you can purchase jewellery 10 - 20% above spot price depending on the design and bargaining skills you have. I have also tested the 22ct jewellery in my friends Xray machine and actually found it to be .916 unlike buying gold in Asia. I would high recommend buying jewellery from Dubai. As far as bullion is concerned, why bother? You can get great deals online.
 
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