Why holding Gold in Dubai?
“Investors are returning to gold as a core diversifier and safe-haven investment,” said James Butterfill, head of research at ETF Securities.
Dubai is known to be the City of Gold for many reasons. Not only does it have an entire souk dedicated to selling gold, buying gold in Dubai has always been popular especially amongst the expat community and visiting tourists. But have you ever wondered why this emirate is favored when it comes to purchasing this precious metal? Well, there are many reasons to buy gold and keep it in Dubai.
- The price advantage of Dubai gold comes from zero-tax regime on gold bar imports
- For gold jewelry, only a flat tax of 5% applies; other countries have much higher import taxes
- VAT refund for tourists also offered to visitors at the airport
Dubai is called the City of Gold for many reasons…
Protect your wealth and future with an offshore Gold account in Dubai
Tax-Free Status for Bullion Investments
Dubai is Becoming the New Center of International Gold Trade
Dubai’s Gold Trading Infrastructure Uses Cutting Edge Technology
Dubai Handles Over one-fifth of the World’s Total Gold Production
Hosts Some Of The World’s Lowest Gold Storage Costs
1. Dubai claims its vault to be the largest non-sovereign vault in the Middle-East.
2. Central Banks in the Middle East are building up their gold reserves while reducing their dollar forex holding.
3. China acquiring gold, dumping US dollars.
4. Holding Precious Metals in Dubai is an Ideal Portfolio Safeguard.
Why offshore storage?
The best way to avoid the confiscation issue is to store your gold offshore.”
– Mark Faber, Swiss Investor, and Hedge Fund Manager
“If your gold is outside the US, it gives you another degree of insulation should the United States decide that you shouldn’t own it — it’s not a reportable asset.” – Doug Casey, May 2017
if you keep all your wealth within one nation, particularly the nation in which you reside, you’re at the utter mercy of that nation’s exchange controls, tax confiscation, frivolous litigation, and bureaucratic extortion.