A wise old man once told me that when I came of age I must forge close relationships with three important people: my barber; my banker; and my jeweller.
"Any one of them would cut your throat if you don't know them well enough," he said with a knowing tap of his nose.
In today's market it is the third member of that group, the jeweller, who would prove most useful as long as you can trust him.
The price of gold has fallen so far in the past week that many people may be thinking of investing in a few ounces, or even kilos. Gold jewellery is most people's first choice when it comes to gold investment. The trouble is, if you don't know your jeweller you can never be sure how pure the metal you are buying actually is. All gold used for jewellery is mixed with base metals such as silver and copper, and you can never be too sure of the proportions used.
For true investment purposes you can visit a mint house to buy ingots, bars or bullion coins of investment grade gold, known as four-nine in the trade due to the fact that it is 99.99 per cent pure gold. Even then, however, you should have the gold tested by a reputable third-party assaying office, just to be on the safe side.
For a less hands-on approach you can play the gold market like any other investment class, such as stocks or bonds, by engaging a broker to buy spot gold for you, to invest in a gold fund such as an ETF, or you could invest in a hedge fund that specialises in precious metals.
[ jdoran@thenational.ae ]
Company Profile
Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000
Top 10 most competitive economies
1. Singapore
2. Switzerland
3. Denmark
4. Ireland
5. Hong Kong
6. Sweden
7. UAE
8. Taiwan
9. Netherlands
10. Norway
MATCH INFO
Euro 2020 qualifier
Croatia v Hungary, Thursday, 10.45pm, UAE
TV: Match on BeIN Sports
The specs
Engine: 2.3-litre turbo 4-cyl
Transmission: 10-speed auto
Power: 298hp
Torque: 452Nm
Towing capacity: 3.4-tonne
Payload: 4WD – 776kg; Rear-wheel drive 819kg
Price: Price: Dh138,945 (XLT) Dh193,095 (Wildtrak)
Delivery: from August
Company profile
Name: Yabi by Souqalmal
Started: May 2022, launched June 2023
Founder: Ambareen Musa
Based: Dubai
Sector: FinTech
Initial investment: undisclosed but soon to be announced
Number of staff: 12
Investment stage: seed
Investors: Shuaa Capital
'Gehraiyaan'
Director:Shakun Batra
Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa
Rating: 4/5
A QUIET PLACE
Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou
Director: Michael Sarnoski
Rating: 4/5
Director: Nag Ashwin
Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana
Rating: ★★★★
The Continental: From the World of John Wick
Created by: Greg Coolidge, Shawn Simmons, Kirk Ward
Stars: Mel Gibson, Colin Woodell, Mishel Prada
Rating: 3/5
What is cystic fibrosis?
- Cystic fibrosis is a genetic disorder that affects the lungs, pancreas and other organs.
- It causes the production of thick, sticky mucus that can clog the airways and lead to severe respiratory and digestive problems.
- Patients with the condition are prone to lung infections and often suffer from chronic coughing, wheezing and shortness of breath.
- Life expectancy for sufferers of cystic fibrosis is now around 50 years.
The specs
Engine: 3.0 twin-turbo inline six-cylinder
Transmission: eight-speed
Power: 503hp
Torque: 600Nm
Price: from Dh450,000
On sale: now
ARM IPO DETAILS
Share price: Undisclosed
Target raise: $8 billion to $10 billion
Projected valuation: $60 billion to $70 billion (Source: Bloomberg)
Lead underwriters: Barclays, Goldman Sachs Group, JPMorgan Chase and Mizuho Financial Group
HOW DO SIM CARD SCAMS WORK?
Sim swap frauds are a form of identity theft.
They involve criminals conning mobile phone operators into issuing them with replacement Sim cards, often by claiming their phone has been lost or stolen
They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.
The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.
Emirates Cricket Board Women’s T10
ECB Hawks v ECB Falcons
Monday, April 6, 7.30pm, Sharjah Cricket Stadium
The match will be broadcast live on the My Sports Eye Facebook page
Hawks
Coach: Chaitrali Kalgutkar
Squad: Chaya Mughal (captain), Archara Supriya, Chamani Senevirathne, Chathurika Anand, Geethika Jyothis, Indhuja Nandakumar, Kashish Loungani, Khushi Sharma, Khushi Tanwar, Rinitha Rajith, Siddhi Pagarani, Siya Gokhale, Subha Srinivasan, Suraksha Kotte, Theertha Satish
Falcons
Coach: Najeeb Amar
Squad: Kavisha Kumari (captain), Almaseera Jahangir, Annika Shivpuri, Archisha Mukherjee, Judit Cleetus, Ishani Senavirathne, Lavanya Keny, Mahika Gaur, Malavika Unnithan, Rishitha Rajith, Rithika Rajith, Samaira Dharnidharka, Shashini Kaluarachchi, Udeni Kuruppuarachchi, Vaishnave Mahesh
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
Sly Cooper and the Thievius Raccoonus
Developer: Sucker Punch Productions
Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
TOP 10 MOST POLLUTED CITIES
1. Bhiwadi, India
2. Ghaziabad, India
3. Hotan, China
4. Delhi, India
5. Jaunpur, India
6. Faisalabad, Pakistan
7. Noida, India
8. Bahawalpur, Pakistan
9. Peshawar, Pakistan
10. Bagpat, India
Source: IQAir