Most large gold investments are secured in a special gold vault. But it is becoming increasingly popular for gold storage to be done offshore in Dubai’s new DMCC vault.
Advantages of Offshore Gold Storage in Dubai
Dubai is known as “the city of gold”. One fifth of the worlds gold production is managed in Dubai. There are numerous refiners of gold in the UAE, with most of those able to handle large volumes of high quality refined gold. With the gold refining being done in the UAE, storage in Dubai means there are very low transport costs between the mint and the gold vault.
In 2009 the 5th most secure and technically advanced vault in the world was constructed in the Dubai DMCC tax free zone. Unlike other ultra-secure vaults around the world, storage costs are still low thanks to being the largest vault in the UAE. Continue reading “Gold Investment in Dubai – why use an offshore vault”