With the world’s economy becoming more and more unstable, buying and storing precious metals offshore has gained popularity. Dubai is one of the biggest trading ports in the world, having a beneficial strategic position, tax-free benefits, combined with low storage costs, it is a “go to” location for investors worldwide.
Here are the main reasons to buy gold online in Dubai:
- Tax Benefits
- Political Insurance
- Litigation Protection
The government has very strict regulations bagged by a certification process (by the DCLM) which ensures only the highest standard and purity gold to be purchased in Dubai. The price range of this precious metal in Dubai is still among the best in the world, but you also need to know that different sellers attach different handling and storage fees so make sure you choose the right one to handle your purchase. However, if you want to buy gold in Dubai, you should only do so from a reputable gold dealer. This will save you from any unnecessary headaches in the future.
Here are some of the key factors you should consider, before buying:
- History of the company
- Safety of their storage
- Customer service
- Online Reviews
- Company policies
- Buyback policy
A company we can give our stamp of approval and fits the criteria is Regal Assets. They have been ranked #20 by INC 500 and have been featured in Forbes, Bloomberg, Market Watch, Reuters and many other publications. With over 1000 positive reviews on Trustlink , an A+ rating on BBB, AAA Rating at BCA – something very few companies EVER achieved in the precious metals industry. A few days ago Regal Assets became the first company in UAE to be accredited with the DMCC licence to trade cryptocurrencies what adds a lot of trust to the brand and makes it a real authority in the investment sector.
When it is time to liquidate your assets, they offer a buyback policy, 7 days a week and guarantee to have the funds in you possession within 24 hours of sale.
You can request the a free gold investment kit here.
Buy gold online in Dubai – Storage
You should always go for segregated storage with low fees that don’t eat up your value of precious metals. Always make sure your metals are stored apart from others (segregated) and that you have an exclusive storage box. This way you can ensure that the metals you buy, are the same as purchased. On top of that, you can go and audit them at any given time.
On the other hand, commingled or allocated storage is where your precious metals are stored with others and only documented as yours.
If you would like to store your metals in Dubai or Singapore, get in touch with an expert.
Storing your metals in a bullion vault
This is still the best and safest way of storage for your precious metals because of the following reasons:
Insurance – Regal Assets offer you insurance for the market value by the worlds leading investment insurance company Lloyd’s of London.
Safety – The metals you purchase with Regal, are stored in one of the top 5 safest bullion vaults under the Almas Towers operated by Brinks and holding high volumes of precious metals. You can read more about the storage in the Almas Towers here.
Costs – many investors don’t know that the ETF managed metals are expensive and the cheaper and arguably safer alternative is a bullion vault.
When buying precious metals, make sure you do your due diligence and buy from a reputable company like Regal.
Our Guide To Buy Gold In Dubai (Online and Offline)
Have you ever wondered about the benefits of investing in gold bullion?
Gold was used as a form of money long before we started to create our own diverse currencies. Indeed, there’s something inherently valuable about gold, thanks to its finite supply and luxurious nature. Many experts agree that gold is a valuable investment because it’s one of the world’s most stable assets, less likely to suffer from common problems with inflation than things like traditional bonds, or stock investments.
Gold can be a safe haven for investors, and a unique way to diversify your portfolio. After all, when the financial markets and stocks go down, gold moves independently, often rising in worth. Additionally, it’s worth noting that physical bullion in silver and gold are currently the only assets on the market that are not exposed to problems like counterparty risk, and consistently hold onto their historical value and purchasing power. Everyone from central banks to retail collectors and institutional investors tout the benefits of gold.
Different Types of Gold Investment
Gold bars are the investments that you associate with banks vaults in movies. Gold bars are produced by private and government mints and can range in sizes all the way from those as small as a single gram, to those as large as 400 ounces. Gold bars usually come with specific serial numbers, and some come in tamper-proof cards that contain information about assets, and the signature of a Chief Assayer. Serial numbers are often useful if golden bars are held in a segregated storage space or trust. The low fabrication costs associated with gold bars mean that it’s often cheaper to get your hands on this form of gold than it is to invest in rounds or coins. This ensures that you can begin to accumulate more gold for your investments at a lower price per ounce.
Gold rounds are the coin-shaped golden investments produced primarily by private minting companies. These rounds come with beautiful craftsmanship that rivals government mints, though they don’t have any face value, which means that you won’t be able to use them as legal tender. Private mints can come with many unique and beautiful designs for their rounds, and you can purchase these coin-shaped gold pieces in many different sizes.
Perhaps the most common way to invest in gold is with coins, government mints that are distinguished from rounds with a face value. The value that is printed on golden coins allows them to be used as tender within the country in which they are issued. Gold coins typically come with a higher premium than standard gold bullion because it takes extra work to fabricate these components. However, when the spot price of gold increases overall, then you can rest assured that the price of coins will rise with it. You can buy a pure gold coin in sizes that range all the way from 1 gram, to 1kg.
Understanding the Price of Gold
If you’re thinking of investing in Gold bullion, then one of the first things you’ll need to know is the price of what you’re paying for. Here are some ways to figure out the best prices of gold.
Gold Spot Prices
The spot price for gold is simply the foundation on which prices of gold are determined. Most gold providers will base the prices of their products off the gold spot price, using the latest and most accurate information available in the investor marketplace. There are plenty of websites out there that will also display the current spot price for gold on their websites as it changes so that you’re constantly aware of the latest value of your investments. Since prices can fluctuate, it’s important to look for a time to invest when spot prices are low.
Spot Price Alerts
If you want to make sure that you’re definitely getting the best price for your gold investment, then you can always set up a Spot Alert with a specialized investment company. Today’s gold sellers allow you to set alerts at levels that you’re willing to pay, so you’re ready to jump into action as soon as the value of gold drops to a price that you can afford. All you would need to do to get started is set up an account, and you can start checking out the best prices for gold immediately.