8.16.2011

UAE’s first gold bullion coin banks on investor demand

The “Khalifa” coin, designed by the authority, features a portrait ofSheikh Khalifa bin Zayed Al-Nahyan on one side, and on the other, Burj Khalifa.“This innovative gold bullion coin was conceived to satisfy the demands from investors seeking access to gold as protection against the ongoing global economic uncertainty,”Executive Chairman Ahmed bin Sulayem also in discussions with theCentral Bank to designate the gold bullion coin as the first legal tenderthe Middle East as a whole.
a government-owned entity dedicated to enhancing commodity trade flows through Dubai.
The executive chairman added: “Our past two series of souvenir gold coins have been a huge success and we foresee that a gold bullion coin will attract great interest, especially as gold remains seen as one of the safest investment vehicles globally.”
proud to have designed this gold bullion coin, and look forward to working with the different related parties to make this unique product further testimony leadership in innovation.”
The five-ounce coin prototype, which was unveiled in a special ceremony attended by senior representatives in the gold trade industry, was minted by Argor-Heraeus

No comments:

Post a Comment