Gold is one of the most popular financial tools of investment. It is the “Safe Haven” asset especially during political or economic instability. Gold has maintained its purchasing power over the centuries, and acted as the store of value.
The chart represents the appreciation of Gold value over the past 30 years until the year 2020. It clearly shows the strong performance of gold and the capital appreciation it provided over the long-term.
Unlike most other investments, buying physical Gold gives many people peace of mind. It also allows them to keep their asset outside the banking system.
No maintenance and carrying cost
Cannot be hacked nor erased
Difficulty of carrying when traveling with big quantity
Risk of getting robbed when kept at homeBefore you view this option, if you are not familiar with ETFs, you can check out our ETFs guide
An exchange-traded fund (ETF) is a financial instrument that holds a basket of different investments like bonds, stocks, commodities, and other securities.
Gold ETFs give the investor the exposure to price movement without having to buy physical gold.
There are some famous gold ETF out there such as SPDR Gold Trust $GLD and iShares Gold Trust $IAU.
If you want to invest in Gold ETFs in UAE, you can open a brokerage account and start investing.
We have reviewed multiple brokers and came up with our shortlist. Check out our best brokers’ review.
eToro is one of the world’s leading brokers. A social trading netwrok where people can interact, check others portfolios and copy the trades of the best performing investors.
eToro enables users to invest in stocks, ETFs and cryptocurencies. They can also trade currencies, indicies and commodities.
Check out eToro Full Review Open Account
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Here’s another flexible option, you can open a trading account where you can buy, hold and sell gold and any other commodity. Usually, these accounts give you a leverage where you can open positions with higher amount than the money you invested and make high profits.
There are multiple companies where you can open trading accounts and trade gold. Usually, they offer you a demo account to get familiar with the trading platform before starting your live account.
Here’s one of the gold trading company based in the UAE:
XTB is one of the best brokers in UAE and globally. Through XTB, you can trade Gold, stocks, ETFs, Forex, and many more financial instruments.
Deposit $1000 and get $100 deposited to your account by the broker
is one of the biggest Forex and CFD brokers listed on the Warsaw stock exchange. They have offices in 13+ countries, including UAE, Poland, the UK, France, Spain and Germany.
Check out XTB Full Review Open Account
Open a trading account and get a dedicated person that provides full support
Buy, Sell & withdraw your money anytime you want.
UAE banks made investing in gold easy. You can open a Gold account in one of the banks which offers the gold investment account and easily transfer the fund to it from any other account. The banks allow you to purchase Gold as per the current international rate in addition to the bank fees.
Fast and simple
Ability to buy fractional amounts
Ability to cash out your money fast
Bank fees and spreads can be slightly high
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