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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Real or scam: Buy gold in UAE at 20pct less than market price?

Posted on 29 July 2013

“Buy gold now at 20 per cent discount below market price. Limited quantities available so act.” This was an SMS sent earlier this week by a commodity trading company operating from Dubai. Is it a marketing gimmick or a dubious scheme?
Posing as an investor, when this reporter called the company, a senior consultant (name withheld) said: “This is the best opportunity to buy gold… we are selling it 20 per cent below the current market price.” As per the offer, the minimum quantity that one has to buy is seven ounce, which will roughly cost Dh34,536. Gold in physical form will be delivered between two and four months………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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