Gold to a brick and mortar bank in Dubai

[Zikki]

Hi all,

I was wondering if any bank in Dubai is accepting precious metals deposit for new/existing account?
Best would be to have a deposit account in the precious metal but exchanged to standard fiat could be ok.

 

[clemens]

You want to take physical gold to the bank in Dubai ?

 

[Helkins]

The banks in UAE will be lenient and if accepted they'll give you a bad rate, better get in touch with a PM trading company, they'll take 0.5%-1% fee (in reference to LBMA) based on amount you have. Done it like this suceessfully

 

[Zikki]

You want to take physical gold to the bank in Dubai ?

Yes I would like to do that

The banks in UAE will be lenient and if accepted they'll give you a bad rate, better get in touch with a PM trading company, they'll take 0.5%-1% fee (in reference to LBMA) based on amount you have. Done it like this suceessfully

Do you have some reknown company to do so?

 

[clemens]

Yes I would like to do that

speak with @johnydoe