Menē 24k vs. Dubai Gold Souk
I’ve had a few Steemians advise that there is a market place in Dubai called the Dubai Gold Souk where you can purchase 22 karat gold jewelry for relatively low premium.
https://en.m.wikipedia.org/wiki/Dubai_Gold_Souk
It is true that 22- 24 karat gold has been used to store wealth for thousands of years in most of the world. Billions of people in India and China use pure gold jewelry to store and pass on generational wealth.
In the UAE, gold is very popular as well.
Here is an online middle eastern store where you can buy 22 karat gold jewelry.
The problem is:
There is only shipping to select regions.
Let’s highlight this 22 karat gold ring:
The ring is 2.84 grams of gold. A refreshing mention of the gram weight.
At 22 karats and translated into USD at the time of this writing the ring has
113.74 USD worth of gold.
Again translated AED into USD the price of this ring is $198 USD.
We are looking at about a 42.5 % premium.
WOW! So far thats the best deal for a non Menē gold jewelry piece I have seen. Most designer gold rings, although typically are 14k (42% Not Gold) and premiums are upwards of 80% or more.
BTW, the premium for a 24 karat (not 22K) MENĒ ring with a similar style:
Is 20%.
So while the inferior 22k gold is still more than double the Menē premium, I have defintely seen worse.
But what’s this going to cost me?
I can get a ticket to Dubai for $1000.
Remember:
No US shipping.
(Menē DOES ship to the UAE)
Adding a plane ticket of $1000 for my trip takes the premium for the $113 in gold in the ring to 884.96%. Roughly.
I am not including in the premium:
Hotel lodging
Car rental
Snacks on the plane
Bodyguard
WiFi
Long term airport parking
Bridge toll
Divorce settlement
While there may be other ways to accumulate high karat gold, for most people that don’t live within walking distance (and in many cases even for people that do ) to Dubai Gold Souk:
https://en.m.wikipedia.org/wiki/Dubai_Gold_Souk
Probably just best to use Menē 24k.
For $5 in Menē 24k investment jewelry credit sign up here in 30 seconds: http://Mene.com/invite/JrT26p
Thanks for reading!
Goldmatters
Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.
To find out more about what Menē 24 karat gold and platinum investment jewelry is from your fellow Steemians :
https://steemit.com/steemit/@goldmatters/what-in-the-world-is-mene24k-35-well-researched-blog-style-essays-contest-winners
Or
https://steemit.com/mene24k/@goldmatters/what-is-mene-24-karat-platinum-and-gold-jewelry-valentine-s-day-gift-winner
To find out more about what Goldmoney is from your fellow Steemians : https://steemit.com/contest/@goldmatters/what-in-the-world-s-goldmoney-winners
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
For Menē 24k investment jewelry here: http://Mene.com/invite/JrT26p
I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
All images sourced from Menē and Goldmoney.
Read more about Goldmoney: https://steemit.com/@goldmatters
What is Menē 24k gold and platinum investment jewelry?
I will let famous Steemian 