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.
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.
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Here’s another flexible option, you can open a gold trading account where you can buy, hold and sell your precious metals. Usually, these accounts give you the choice to redeem your purchased Gold and ask for physical delivery at any time.
There are multiple companies where you can open gold trading accounts. 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:
Few local companies offer some accounts where you can buy and sell Gold online. You can also redeem your gold purchases at any point in time, and the company will deliver the physical Gold to your doorstep.
When buying Gold online, you can keep your purchased metals as long as you wish for free. The company doesn’t charge an overnight fee.
NBH Company is a precious metals & financial services group specializing in precious metals trading. With a trading license# 689061, NBH offers traders an online platform where they can trade gold with spot prices and redeem the bars and coins at any point of time and it will be delivered to their homes.Check out National Bullion House Full Review Open Account
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.