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Pop down to the Old Gold Souk in Deira, part of the modern city of Dubai and the hottest selling item silver price in dubai market a 1kg bar of silver these days. More profitable than gold. I was born in Dubai and spent most of my professional life in London but business is better here now.

Even a modest shop in this souk does well. Not far from the Old Gold Souk is the ultra-modern terminus for cruise liners. Almost a million passengers visited Dubai last year and many find their way to the famous Dubai gold souks where gold and silver are sold untaxed. The only country in Europe not to charge tax on silver is Estonia. Cruise ships also call in there too. In the Old Gold Souk the customers come from all over the world. Chinese and Russian buyers are prominent though Arab silver price in dubai market from the Gulf Cooperation Council countries are probably still the biggest spenders.

This is the month of the famous Dubai Shopping Festival so the gold souks are particularly busy. His reasoning is that the shift from paper money to real assets will benefit silver more than gold.

There is also a school of thought in the silver price in dubai market that reckons the outcome silver price in dubai market the eurozone crisis will be more money printing by the ECB whatever happens to Greece, and that this will propel dollar-denominated silver and gold to much higher prices.

Of course there is always the liklihood of a short-term set back for silver in a big market sell-off but that has not stopped ArabianMoney making silver our top tip for click here. The shiniest of metals is off to a good start with the price up 13 per cent since the New Year, comfortably outperforming any other investment class. This includes live silver prices, charts, articles, in-depth commentaries, silver stock updates, analysis and much more!

Peter Cooper is the editor and publisher of the ArabianMoney investment newsletter and the popular financial comment website www. View the discussion thread. More from Peter Cooper rss. Does a big surge in silver coin sales worldwide indicate a price hike like is coming? Best start to the silver price in dubai market for silver prices since Why gold and silver will continue to be the perfect hedge in Today Month Year April 4: About us SinceSilverSeek.

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