Gold Usa
Would it be profitable to buy gold in dubai and sell in usa?
Hello i am from usa and i was looking into buying gold into dubai and selling in usa because its cheaper there i was wondering if anyone with experience can tell me if this is profitable?
fairy could you suggest a country or a profitable way to do this for me?
so would buying gold jewelry in dubai be profitable?
It depends on what kind of gold you are talking about. Gold bars/coins, etc? To import such items wouldn’t make any sense because you would buy them tax free in Dubai but would have to pay tax at US customs.
Where you may make some profit is buying jewelleries procuced in “cheap labour countries” and then sellng them in the USA. But in this case it would make sense to buy the jewelleries in the producing countries direcly.
Please note that gold in Dubai isn’t any cheaper than anywhere else. It’s just taxfree.
Profit on gold (not jewelleries) is made when bought while the gold rate is cheap/low and sell it after the price/rate increased. Same system like shares/bonds/ fonds, etc. If you for example would have bought gold a couple years ago and sell it now, you would make some profit.
You also may take into consideration when buying gold in Dubai, the seller in Dubai will take his piece of the cake already:)
edit regarding your additional: i. e. India, but buying jewelleries
produced in India or any other country you may overthink the taste of US customers.
Companies working in this field have their items produced in “cheap labour countries” regarding their customers demand/expectations.
USA Vs Mexico (2-4) Gold Cup Final 2011
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