The US firm makes a point about how its clients can earn yield from gold – countering a standard argument that this is not possible – and how precious metals remain an important element in the wealth management toolkit.

Scottsdale, Arizona-headquartered Monetary Metals and Dubai-based DD Metals DMCC have signed a gold lease agreement to finance DD Metals’ inventory and increase trading volumes. The move is an example of how Monetary Metals’ business model – as profiled here – taps into a desire for yield via the yellow metal.

DD Metals DMCC operates precious metals commodity trading, financing, mining, and logistics.

“The opportunities in Dubai are enormous,” Keith Weiner, founder, and CEO of Monetary Metals, said. “The business climate is favourable, and Dubai is increasingly establishing itself as a key hub for the precious metals industry. I see Monetary Metals continuing to engage with quality businesses here.”

Monetary Metals has been active in the Middle East, and Dubai specifically, having signed three lease agreements in the region in the last 60 days (AGA Bullion in Turkey, IGR Metals Trading DMCC, and DD Metals DMCC in Dubai).

“This agreement fuels and expands our business operations in Dubai, a strategic location as evidenced by our membership on the Dubai Gold and Commodities Exchange (DGCX),” Gökhan Yilmaz, CEO of DD Metals DMCC, said.

Monetary Metals talks about how it unlocks the productivity gold by “offering a Yield on Gold, Paid in Gold®” to investors, and gold financing, to gold-using businesses (mints, miners, refiners, jewellers, etc.). The firm is an example of how precious metals remain an important element in the wealth management toolkit. We recently interviewed its general counsel, Jeff Deist, here.   This news service recently spoke to wealth managers about their views on gold and its place in portfolios.