The World’s LARGEST Gold Market – in Dubai


You’re just gonna make me run the gauntlet here, aren’t you guys? (Salesman: “Spicey saffron!”) Haha, not interested. Thank you, though. I tend to come up with ideas for new projects and new stories by just traveling and exploring, and one of my favorite places to explore while I’m on the road is markets I love markets! I recently had a layover in Dubai on my way from Europe to Asia And I thought why not take a couple extra days and explore the markets there and see what I can find. I’m here in the “Gold Souq” in Dubai, or the gold market. This is one of the largest gold markets in the world. At any given time there are at least 10 tons of gold here, and 20% of the world’s gold Passes through here at some point or another. It’s pretty amazing. Apparently there’s so much gold traded here that the street sweepers, every day, sweep up enough to send to the refinery to melt down and turn back into usable amounts of gold. It’s amazing. Dubai is known for its opulence – this place is no exception. It’s pretty amazing. It’s just shop after shop of jewelry and statues and gold bars and coins. There are some Chinese tourists here and, predictably, they are all about the gold market. Chinese love their gold. (To Merchant) Do you speak Chinese? (Speaking Chinese to Man 1) “No.” Man 2:”Do you know Bakin?” “Where’s Bakin?” Man 2: “Bakin is the capital of China” Man 1: “Beijing” Ohhh, Beijing? Are you from Beijing? (Speaking Chinese to Man 1) You get lots of Chinese here though, yeah? “Yeah, yeah.” Do they buy a lot? No. Little. Little. Not too much. Only little things. Man 1: “Somebody buy small, small items.” Small things? Yeah, yeah, yeah. Ok. He fell down from the display, to here, and I catch him. And now he works for you! I didn’t quite get it on camera, but I got a nice “Xie xie ni” at the end which is “thank you” in Chinese, but we got to talking and apparently the gold workshops are just one street over …in China Making videos about the electronics markets there… (Man: “yeah”) …and they look like your shop, but not for jewelry – for electronics. So, you said your customers are generally the jewelry shops. “Yeah, certainly. Manufacturers.” You can buy everything you need to make gold jewelry. “Yeah.” Rings. “Yeah, everything: casting machine…” Yeah. “Buffing machine” Yeah. “3D machine” Yeah. Threading machine? “yeah.” …or 3D printing? “3D printing machine” Oh, 3D printing machine? “Yeah.” For printing what? For printing wax? “No…” Some kind of resin. Yeah, okay, yeah? “So, this piece will be print in computer. The printer.” Right… “You have casting machine.” Yeah, right. “So you direct castable this piece, so it’s very easy and fast.” So you do a ‘lost plastic’ cast of this. “Yeah.” “The machine [uses] DLP printer.” So, light. Using light. “Yeah.” Not filaments. “It uses a projector.” And then, what is the mold? Plaster? “Yeah, plaster.” So you make a plaster cast and then plaster mold “See this one.” Oh! This is beautiful! Very fine details. “Yeah.” That’s really cool! “This is for 18 karat jewelry.” Why not 24? “24 is because this is very soft.” It’s too soft? “Soft.” Too soft. Yeah, yeah, yeah. “That’s why.” So this one is harder. 18 karat is harder. “Yeah.” And better for casting… So this, I would see in the electronics markets in Shenzhen “Yeah.” Why do you use it? “Because this is for plating.” For plating! Ahh… Okay, for gold plating silver? “Rhodium , rhodium plating. Everything.” Yeah, okay, so you would set up a bath with that. “Yeah. Bath and pen. Both kinds of…” Oh, you can do pen plating? “Yeah.” You have rollers here, which are for rolling rings? “For rings, different kinds of things.” Yeah, yeah for rolling out gold… I love all this stuff. (Laughter) This is my favorite thing. I love machinery. And here I was thinking the gold markets were gonna be boring. Of course they have tool stores! Why wouldn’t they? That was really cool. (To salesmen) I’m not interested… I’m not interested… This is the spice bazaar – “spice souk”. And I am getting barraged by guys who want to pull me into their shop. I don’t see that many spices. I think it’s just kind of turned into one of those general tourist traps as far as I can tell. Gonna take a few pictures here, but I would say one shop in five is a spice shop. And the rest is just kind of general tourist crap. (Shopkeep) “YouTube?” YouTube. “Can I speak with you?” Sure. “My name is John.” John, nice to meet you. I’m Scotty. You were telling me what a few of these things are. “This is alum. This is for after shave.” Yeah, right. “When you have cut it will stop the blood.” Right. “And this is indigo.” Yes. “This is for dyeing.” Yeah, for dying clothes. “Yes, yeah, and this is sulfur, the yellow one. Is good for skin allergies.” Yeah. “When you have some allergy you make into powder, “Put into oil” Yeah. “You make to massage and the allergy is finished.” Got it. And this one is one is the one that smells bad, right? It doesn’t smell bad in this form. A little bit. “This is roses from Iran, used for tea. ” “And this is turmeric.” Yeah, I know turmeric. It’s a spice. “Turmeric has two kinds.” Yeah. “This is for food, what I have. This one is for face.” The big one. This is incense. That’s incense? “Yeah this is meant for burning.” Ahh, okay. “It is good for bed… like, bed business.” Yeah, yeah. Right. “And this is also incense – our big one, the red one.” Right. “And this is nutmeg.” Ahh I’ve never seen nutmeg whole. I’ve only seen it in, like, a jar, right? “Yeah.” Awesome. “I’m finished.” Thank you. “You’re welcome.” Thank you for your time. I think I’ve just about tapped out the markets for the day And the sun’s gone down so it’s time to head over to the Burj Khalifa which is the tallest building in the world, and I’m gonna try out the Dubai subway for the first time. Gotta figure out where it is first. Hahaha, I found it. It was literally right in front of me. Here we go. I figured if there was a gold class, I pretty much had to take that one, so here we go! I was really hoping for more gold plating but I guess I’ll take it. The funny thing is that I don’t really know how it compares to the rest of the train. All I know is that I got a seat. So that’s kind of nice! There’s no doubt about it: this place is a little strange. It’s a… I dunno… a bit like a Middle Eastern Las Vegas. This is the Dubai Mall. It has an Apple store, of course, a whole bunch of high-end brands, an aquarium, and somewhere around here is the Burj Khalifa. But I can’t find my way out of the mall yet, so… I’m working on that! But it’s amazing – people from all over the world here, getting their shopping on. There it is. The Burj Khalifa. It’s the tallest building in the world. And there is the most amazing crowd of selfie takers and cell phone users standing around the base. There’s a giant water fountain here. It’s quite the spectacle. I’m having more fun looking at the crowd than I am at the building. The building’s pretty – the crowd is super entertaining I just don’t know what more I can say about it that hasn’t already been said. No idea if that’s in focus. It’s been short, but fun here in Dubai. I’m off to my next destination. On my way to the airport now. Stay tuned for the next adventure and hit that subscribe button down below. I’m Scotty with Strange Parts. I’ll see you next time!

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100 Responses

  1. Swish Celadon says:

    03:00 the worker guy with the green thing……bam! 😂

  2. Chops NC says:

    Dubai has changed soooo much since I was there in 89-91.

  3. bobby burress says:

    He needs a major network contract like the discovery channel

  4. mrprosale says:

    …under a minute in the gold market? the rest is filler…, you can do better than that!

  5. Little karthikeyan says:

    I like u

  6. G7R611 says:

    05:35 dude in the background is like "i want that camera"

  7. Black Viper says:

    how much 100 gram dubai gold..please details

  8. Mark Rigsby says:

    Is Gold cheaper there?

  9. AMS VIVID GAMES says:

    I like useful machines too.. Some would say I have way too many.

  10. AMS VIVID GAMES says:

    No way you haven't had a camera snatched.. I traveled the US for a while but never left the country.

  11. Chris Pearce says:

    He seems like a nice person but then on the other hand he seems like he would do your head in within a week!!.

  12. FunzY 41 says:

    i also went There last Year it is amazing

  13. Ben Kickert says:

    Dubai is a great place to spend a long layover. Such a fascinating place!

  14. Jacob Vaillancourt says:

    7:10 tim Horton spotted 👀

  15. Adele D says:

    Waaaait, I thought everyone is wealthy in there…

  16. red queen hypothesis says:

    @0:04 my name is Jeff..

  17. TheDarkDrago109 says:

    Well welcome to our country

  18. Kimjong bumm says:

    How much different languages he actually speak?

  19. Aaif khan says:

    I found him a shy and honest guy who didn't do much bargaining in China and was cheated

  20. James Gibson says:

    "This place has high end brands" …. Shows a tim hortons … Lol

  21. haikal rees says:

    am new to utube and just found your channel…..really cool the way you explore

  22. Kis-Jakab Péter says:

    Magyar vaaan?

  23. Jesse says:

    "High end brands"

    Shows a Tim Hortons

    uhhhh

  24. OtakuMan hakdre55 says:

    Go to Japan next.

  25. Keegan Spencer says:

    ".. whole bunch of high end brands" >cuts to a Canadian classic , Tim Hortens lmao

  26. Asif Khan says:

    You smile like villiers

  27. ANSH RASTOGI says:

    Seen the same ring in the thumbnail in gold souk earlier this year

  28. Jing Liu says:

    Go to Shui Bei 水贝 in Shenzhen, China. It is the biggest jewelry wholesale market in China.

  29. Abdisalam Farah says:

    A fact many people don't know is that Muslim countries are lesser theft problems compared to many parts of the world. This gold market for example has the least security even though the gold is billions of dollars worth. Don't get me wrong, I didn't say Muslims don't have thieves at all but, lesser than many countries that I had been. This market would have hundreds of cameras and police everywhere if it was in New York for example. Give credit where credit is due.

  30. J S says:

    Got gold but no road or indoor plumbing.

  31. mightyhidden says:

    gold or no gold… Nori … GET THE SHOVEL!

  32. theonedom Dom says:

    You lucky twit loll enjoy dude 👍

  33. Joe Nickence says:

    Intriguing. I've never taken an active interest in Dubai until your video. It's time for me to get into some research.

  34. Michael itsYAboyMB says:

    Homeless in dubai is middle class in America

  35. Tim Keepers says:

    Kinda dumb

  36. S Dew says:

    their gold looks too copper(y) to me, i bet they add a lot of copper to it!.

  37. Tommy Vo says:

    Why keep on bringing up China

  38. Jason G says:

    I remember oh yeah they cut hands off for theft no wonder theres no problem

  39. M A says:

    its like this try rob one of the gold traders then off to the torture chamber for this = no robberys

  40. Andrew Scott says:

    I love how passive aggressive vendors can be and how thick skinned and unphased you are. This is the way the world should be, get thicked skinned and perpetually happy, don't get offended.

  41. Ryan Edwards says:

    大叔,能不能带带中文字幕,满足我的小好奇心

  42. 揭露假象 says:

    这哥们真有钱,满世界转。

  43. dtiydr says:

    7:26 So what I wonder is; as an ordinary turist can you get inside and up some floors just to look around or such? Or would they stop you from even entering?

  44. Gutcheck says:

    The guy at 2:14 has no forehead.

  45. RL- Trickez says:

    So your very lucky let me tell you to get a seat on the subway every time I went on it which was November 2018 there was nothing open 😂

  46. Dylan Ruby says:

    Middle Eastern Las Vegas? I didn't see one person flicking cards with pics of half naked goats on them anywhere…

  47. 于鹏志 says:

    哥们,没有中文字幕我看不懂呀

  48. Justin Allison says:

    You went to the tallest building on earth and don't go up it?

  49. 黄林飞 says:

    Hello, I am an audience from China.I love watching your channel But most don't have Chinese subtitles Can you add Chinese subtitles?

  50. Raymundo M says:

    Bed business

  51. ARM YT says:

    เต้เคยไปเเล้ว

  52. Blake Anderson says:

    So this nerdy ginger dude with a dead tooth and visible halitosis goes around pestering store owners while hardly purchasing anything and gets views? Watch a channel with real talent, like doctor disillusion…

  53. Chad Mercer says:

    Disgusting. Built on slave labor

  54. Sham Gawd says:

    Oh so that's where all of Indias stolen gold went

  55. Fred Ferd says:

    It will be another video showing this guy's face, and little else.

  56. mico mariñas says:

    is this gold plated or tungsten? where is this place in dubai?

  57. Raul Figueroa. says:

    Don't buy Soft Yellow Gold junk metal because destroyed the World Currency's Markets and Job Creation's !!!

  58. King Eris says:

    Look at that. They have our most famous Canadian coffee shop. Tim Hortons. Who knew

  59. Jim Chambers says:

    uhhh,,,you went to 1 shop.

  60. hugo skywalker says:

    This vlog can be hard. People staring like you are crazy

  61. StreamWARE says:

    I got a question, where do you work? or who do you work for? you seem to have the ability to travel weekly if you please

  62. rolly_g says:

    For bed business 🙄

  63. Clash with RONALDO ARMY says:

    beautiful report

  64. club4ghz says:

    Imagine how many people were slaughter over this gold

  65. Parm Mohan says:

    You get alot of Chinese here? yes? Do they buy a lot? No … little….little….😂😂😂

  66. Nihilist. Inc says:

    Like Casey neistat but interesting. I’d like to meet you one day and pick your brain

  67. amir aghamohamadi says:

    next trip to the iran

  68. dev dev says:

    aaah Dubai, place where you can beat women, get whipped if they find weed particles on your clothes. Its like 14 century with skyscrapers.

  69. Sal_2000 says:

    Who else lives in Dubai?

  70. shane g says:

    Next time…put prices in your videos. E.G.: how much the train costs…Food etc.

  71. Okami Kodomo says:

    wow they have kinokuniya as well

  72. Daniel Fernandes says:

    Only men work there?

  73. Jason R says:

    I hate the way this guy talks it's safe to say I hate pretty much everything about Him!

  74. RAHAMAD SULTAN says:

    WHY DO I THINK ABOUT "FRED ROGERS" FROM MR ROGERS NEIGHBORHOOD, WHEN THIS GUY TALKS?

  75. Nayan dhir says:

    1:33 the guy in the right lol

  76. Kallu Cel Frumos says:

    man !!!! i love the colours …….moooreeee …thank you !!

  77. Olyssis Mindal says:

    , i love this guy because more learning about them, I want you to go here in Philippines 🇵🇭 for your more blogs God bless you..

  78. Chubcakes says:

    Right when you said "High end brands" you panned in Tim Horton's. Literally the worst coffee in the world. What the heck are they serving there?

  79. Gonzalo Bernal says:

    For Ali- Muhammad and his family, safe travels, friendly hosts and the warm feeling of home. BLESS you and yours…

  80. Mike Murkovic says:

    Tim Hortons in Dubai!? Ask for a double double next time

  81. Naz Renzo says:

    They cut thief finger off that why shariah law from god rules better than human law

  82. Sky_stider223 says:

    When he said subway
    I thought he ment food
    Lol

  83. Murad Naghway Dudu says:

    you should visit jordan man ,
    but you'll have to meet one of the locals here ,
    to see the real downtown , and the great friday street markets and saturday's Souq Jara, the lowest point on earth , The panorama , and have the feeling of going down from 1000m above sea level down to 400m below sea level .
    you're welcome any time buddy

  84. Aaron Anderson says:

    this is for bed business – LOL

  85. devilthemaniac Ferreira says:

    Are you portuguese? O.o

  86. Ashok Kumar says:

    Hello Sir,
    You just once visit to our T.nagar, Chennai, Tamil Nadu, India…..

    Our t.nagar market is very huge for kind of thing to purchase
    Please visit our city Chennai & do reaction
    https://en.m.wikipedia.org/wiki/T._Nagar

  87. Pretoriano says:

    How much cost 1 gram of gold in Dubai?

  88. dapao feiji says:

    中文标题,英文内容。。。。看不懂看不懂听不懂听不懂。。。。。

  89. 灰灰大 says:

    金子啊!

  90. Fez Sanity says:

    02:17 Manu Ginóbilis' life before he got drafted in the NBA

  91. Nedelcu Andrei says:

    Visit popular electronics in Deira next time

  92. George Wilson says:

    Great channel, it rocks.

  93. Juan Pablo Osorio says:

    Good video man, blessings, your the best youtuber!

  94. sketty nͫiͤcͫeͤ says:

    "bed business"
    LMAO

  95. d2fxas says:

    1:34 I thought he was gonna eat it.

  96. Faizan Mohiuddin says:

    Want to hangout with Scotty.

  97. anonymous awesome says:

    sila rampas dan rompak

  98. none Superstar says:

    Dear All members I need ur help Old age home project pls help me

  99. Rima al-zahran َ says:

    Love that our arabia is so rich of Natural Resources such as gold and oil thank you allah

  100. ज्ञानेश्वर Bankar says:

    हामारे पास अॕन्टीक पिस है बेचैन है

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