Latest news with #MonetaryMetals
Yahoo
5 days ago
- Business
- Yahoo
Monetary Metals Continues Growth in UAE with Leading Jewelry Retailer in Dubai
SCOTTSDALE, Ariz., June 3, 2025 /PRNewswire/ -- Monetary Metals continues to expand its presence in the United Arab Emirates through a new gold lease to Tajvi Gold Holdings, a jewelry manufacturer and retailer based in Dubai. This new partnership represents an important milestone for Monetary Metals. It is the company's first lease to the retail gold jewelry trade in Dubai, a critical hub in the global gold market. Roughly 46% of the world's above ground gold supply consists in the form of jewelry1. And approximately 20-30% of all gold traded globally flows through the Dubai region2. Both of these data points underpin the strategic importance of this landmark transaction for Monetary Metals. The Monetary Metals Gold Yield Marketplace® offers gold-denominated financing to qualified businesses in the precious metals industry, while providing a Yield on Gold, Paid in Gold® to investors and institutions who want to put their gold to work. Keith Weiner, founder and CEO of Monetary Metals commented on the announcement, "We're thrilled to announce Tajvi Holdings coming on to our platform. The UAE is so important to the global gold trade, and Tajvi has an excellent reputation for craftmanship and fair dealing. This announcement signals that we're open for business and ready to provide reliable and scalable gold-financing solutions here in Dubai." The Monetary Metals true gold lease changes the game for jewelry companies in three important ways. First, the lease is off balance sheet, which improves the jeweler's financial ratios. Second, the lease amount is set in ounces, not dollars, which is important because in a rising gold price environment it does not require decreasing inventory. Third, it removes the price risk to the jeweler and therefore eliminates the need to hedge, which is more difficult to execute when the gold price is rising. Tajvi Gold Holdings' CEO Shameer Shafi shared his excitement about the gold lease with Monetary Metals, "Monetary Metals is transformative for our business. By accessing gold through this innovative lease structure, we are streamlining our operations, improving our financial position, and eliminating complex hedging strategies. As a result, we can focus more on what we do best—creating world-class jewelry for our customers. We are honored to be the inaugural participant in this forward-thinking initiative." Visit for more information. About Monetary Metals Monetary Metals® is Unlocking the Productivity of Gold™ by offering a Yield on Gold, Paid in Gold® to investors, and Gold Financing, Simplified™ to gold-using businesses (mints, miners, refiners, jewelers, etc.). Since 2016, individuals and institutions around the world have been earning interest in gold and silver every month through their Gold Yield Marketplace®. For more information, visit Monetary Metals Contact Information:Dickson Buchanan President Marketingdickson@ 646-653-9729 For additional information or press inquiries, please contact 396132@ About TajviFounded in Dubai, Tajvi Gold was established with the vision of bringing high-quality gold jewelry to customers who value style, quality, and trust. Over the years, Tajvi has earned a reputation for exceptional designs, honest service, and deep-rooted dedication to customer satisfaction. Whether you're looking for a traditional piece for a special occasion or a contemporary design for everyday elegance, Tajvi has something for every taste and preference. For more information, please visit Tajvi Contact Information Mr. Mujeeb RahimanManaging DirectorEmail: Mujeeb@ No: +971 501 276 916 Mr. Shameer Shafi, Chief Executive OfficerEmail: shameer@ No: +971 559 335 339Head Office, Gold Center Building - shop no. 19 & 20 Gold Souq - Deira - Al Ras – Dubaicustomercare@ 4 348 8857 1 According to the World Gold Council, source.2 According to the In Gold We Trust Report, source. View original content to download multimedia: SOURCE Monetary Metals & Co.
Web Release
06-03-2025
- Business
- Web Release
O Gold and Monetary Metals Unveil Pioneering Gold Leasing Model
O Gold, the first Emirati app for fractional gold and silver ownership, has launched its collaboration with Monetary Metals, a global leader in gold leasing. Bringing together key industry figures in Dubai, the launch event marked a pivotal moment in gold investment. Monetary Metals partners with top-tier companies for gold leasing, ensuring real-time tracking via inventory and RFID systems. Backed by a leading global insurance provider, their comprehensive policy enhances investor security. Though they usually require a 10-ounce minimum, partnering with O Gold removes this barrier, expanding access to gold leasing. O Gold's new leasing feature allows users to lease as little as 0.1g of gold and earn up-to a 16% annual return (comprising approximately an 11% market return and up-to a 5% yield, paid in gold), turning idle gold into a productive asset. 'We are excited to officially launch our collaboration with Monetary Metals to revolutionize gold leasing,' said Bandar Al Othman, Chairman, O Gold. 'This collaboration aligns with our vision of transforming gold into a dynamic, income-generating asset. Expanding gold leasing access helps individuals optimize holdings and provides the jewelry industry with vital working capital.' Key benefits of the partnership include: ? Low Entry Requirement: Lease as little as 0.1 gram of gold. ? High Returns: Earn up to 16% annual returns on gold holdings. ? Monthly Income: Receive a yield of up-to 5% annually in physical gold, credited monthly. ? Liquidity and Flexibility: Withdraw at any time without penalties. ? Secure and Transparent: Insured investments with full ownership retained by the investor. ? Portfolio Diversification: A hedge against inflation, market crashes, and geopolitical instability, with a negative correlation to other assets. O Gold is a strong partner in our mission to make gold a productive asset,' said Mark Pey, Manager, Monetary Metals – Dubai Office. 'Our shared vision is to move beyond the traditional notion of gold as a static asset and instead position it as a powerful financial tool. By combining our expertise, we are making gold leasing more accessible, transparent, and rewarding, enabling investors to fully benefit from its potential.' O Gold revolutionizes gold investment with a seamless digital platform for buying, selling, and leasing gold. *Source: AETOSWire
Zawya
27-02-2025
- Business
- Zawya
O Gold and Monetary Metals unveil pioneering gold leasing model
Dubai, United Arab Emirates: O Gold, the first Emirati app for fractional gold and silver ownership, has launched its collaboration with Monetary Metals, a global leader in gold leasing. Bringing together key industry figures in Dubai, the launch event marked a pivotal moment in gold investment. Monetary Metals partners with top-tier companies for gold leasing, ensuring real-time tracking via inventory and RFID systems. Backed by a leading global insurance provider, their comprehensive policy enhances investor security. Though they usually require a 10-ounce minimum, partnering with O Gold removes this barrier, expanding access to gold leasing. O Gold's new leasing feature allows users to lease as little as 0.1g of gold and earn up-to a 16% annual return (comprising approximately an 11% market return and up-to a 5% yield, paid in gold), turning idle gold into a productive asset. 'We are excited to officially launch our collaboration with Monetary Metals to revolutionize gold leasing,' said Bandar Al Othman, Chairman, O Gold. 'This collaboration aligns with our vision of transforming gold into a dynamic, income-generating asset. Expanding gold leasing access helps individuals optimize holdings and provides the jewelry industry with vital working capital.' Key benefits of the partnership include: Low Entry Requirement: Lease as little as 0.1 gram of gold. High Returns: Earn up to 16% annual returns on gold holdings. Monthly Income: Receive a yield of up-to 5% annually in physical gold, credited monthly. Liquidity and Flexibility: Withdraw at any time without penalties. Secure and Transparent: Insured investments with full ownership retained by the investor. Portfolio Diversification: A hedge against inflation, market crashes, and geopolitical instability, with a negative correlation to other assets. O Gold is a strong partner in our mission to make gold a productive asset,' said Mark Pey, Manager, Monetary Metals - Dubai Office. 'Our shared vision is to move beyond the traditional notion of gold as a static asset and instead position it as a powerful financial tool. By combining our expertise, we are making gold leasing more accessible, transparent, and rewarding, enabling investors to fully benefit from its potential." O Gold revolutionizes gold investment with a seamless digital platform for buying, selling, and leasing gold. *Source: AETOSWire
Khaleej Times
26-02-2025
- Business
- Khaleej Times
This UAE app allows residents to earn money by leasing gold weighing as low as 0.1 gram
A UAE-based app, which lets residents buy gold for as little as Dh1, launched a new service that gives buyers an opportunity to lease their gold and earn money from it. O Gold app is allowing its users to lease as little as 0.1 gram of gold and earn up to 16 per cent annual income from the gold they own. The app is partnering with global leader in gold leasing Monetary Metals (MM) to offer this opportunity, which the CEO of MM-Dubai, Mark Pey, called a 'fantastic innovation' that will benefit the residents of UAE. He explained briefly how the system works. 'We match investors that own gold with companies that use gold productively, so like refineries and jewelers,' he said. 'It's now possible for everyday investors to take advantage of this leasing feature. Also, when you rent gold out to one of the companies that we do business with, you are still the owner of that gold.' The app, which was launched in 2023, has been disrupting the way UAE residents invest in gold. Bandar Al-Othman, chairman of O Gold, said that with over 50,000 active users and more than 70,000 transactions on the platform, the app had made investing in and owning gold 'simple and accessible' for everyone. 'It's not just about launching an innovative product or just a revolutionary product, but it's also about promoting a true Emirati brand, both in the region and globally,' he said. He added that the two companies spent months collaborating to develop an innovative investment model that enables gold owners to generate substantial returns by leasing their holdings. According to Pey, the company does its due diligence before leasing its gold to companies who need it. 'We understand their inventory systems, their processes, the flows of gold and security systems,' he said. 'We do an integration to their inventory systems so that we know the flow of gold in that organisation at any time. We also do something called RFID tags, which means that we can track every gram of gold at every moment.' He added that the company has done 63 gold leases so far and has never misplaced a 'single gram of gold', making it extremely reliable for investors. He also said that his team 'rejected more than 90 per cent' of companies that had approached them because they were not satisfied with their safety procedures. According to him, the company has also instituted an insurance policy, taking into account all the risks involved. Ahmed Abd El Tawab, the CEO of O Gold, added that it was important for people to invest in gold continually as a habit. 'Every year, many countries have a problem with their fiat currency,' he said. 'Some countries have their currency devaluated by 50 per cent. However, the price of gold has been steadily climbing. Last year alone, the price increased about 25 per cent.' He added that with central banks around the world leasing gold, it was only natural for regular gold owners to want to do the same and that the app was making it possible for them. He also said that investors who lease their gold have the flexibility to do it at any time without any penalties.
CBS News
19-02-2025
- Business
- CBS News
The relationship between gold prices and the dollar: Everything to know
Gold's price surge past $2,700 per ounce in October 2024 marked the beginning of a sustained rally. The momentum has only strengthened in 2025, with investors continuing to push the precious metal to new price highs. Several forces power this remarkable rise, including inflation concerns and central bank purchases. But what's particularly interesting is gold's relationship with the U.S. dollar. While gold prices usually fall when the dollar strengthens, recent months have shown this pattern deviating — catching market watchers by surprise. Below, we'll break down what investors should know now. Wanted to invest in gold before the price rises again? Get started here now. The relationship between gold prices and the dollar Below, experts break down why the price of gold keeps climbing and the precious metal's complex relationship with the dollar. Recent changes in market patterns, along with key economic indicators, offer clues about where gold prices might be heading. Why gold prices have been climbing "Gold can be a valuable asset in a portfolio precisely because it has [a] low correlation with other asset classes," emphasizes Ben Nadelstein, head of content at Monetary Metals. This independence from traditional market patterns has caught investors' attention, especially as markets face increasing uncertainty. The appeal of gold's unique behavior has helped drive its impressive price climb, but it's not the only factor at work. Industry professionals highlight other forces that have pushed gold prices higher: Central bank buying: Asian central banks, especially China and India, have dramatically increased their gold reserves. Investor sentiment: More investors are adding gold to diversify their portfolios amid inflation expectations and financial stability concerns. De-dollarization: The BRICS+ nations are reducing their dependence on the U.S. dollar. Market evolution: Gold prices now respond to a broader range of global economic factors. Invest in gold online today. How gold prices typically move with the dollar Henry Yoshida, co-founder of Rocket Dollar, highlights that gold prices and the U.S. dollar traditionally move in opposite directions. "A stronger U.S. dollar will suppress the price of gold, while a weaker U.S. dollar will likely drive the price of gold higher through increased demand," he explains. But Michael Petch, co-founder and president of Argo Digital Gold, points out that this relationship isn't absolute. "[When there's] financial instability, gold and the dollar may [go up as people] seek safe-haven assets," he says. The complex interplay between gold and the dollar "Large-scale government accumulation has added a demand-side force that can push [gold] prices higher, even in a strong-dollar environment," Petch highlights. Beyond this influence, Kevin Bryan, director of customer experience at The Alloy Market, points to several often-overlooked factors that create a more nuanced dynamic: Supply limits: Mining strikes and environmental regulations can restrict gold production. As a result, gold prices may go up even when the dollar is strong. Geopolitical risks: Rising global tensions and trade disputes create uncertainty. Naturally, this drives people to invest in safe-haven assets such as gold — sometimes even alongside a strong dollar. Inflation concerns: Investors may turn to precious metals including gold and silver to hedge against inflation, regardless of current dollar strength. Digital gold investment vehicles: Investment products such as exchange-traded funds (ETFs) have made gold more accessible but also more sensitive to market sentiment. This creates new patterns in the gold-dollar relationship. Foreign policy changes: More countries are reducing dollar holdings in favor of gold, creating steady demand. Gold's price trajectory and key indicators to watch The gold rush could continue and we may see new all-time highs in 2025, according to Yoshida. He sees a strong outlook, particularly if prices maintain support above $2,700. Several market indicators can help you track gold's price trajectory. Petch suggests looking beyond the usual metrics such as inflation rates and the Federal Reserve policy. Here are the signals experts recommend keeping a close eye on: Central bank buying: Continued purchases by major national banks signal strong long-term demand. Real yields: Gold tends to shine when inflation-adjusted interest rates decline. U.S. fiscal policy and Treasury market: Growing concerns about U.S. debt levels could drive more investors to gold. Supply and demand: Gold lease rates and mining production levels help gauge market strength. Geopolitical tensions: Trade wars, tariffs and global instability often increase gold prices. The bottom line Understanding gold's relationship with the U.S. dollar can help you make smarter investment decisions. Today's gold market offers plenty of ways to invest. For example, you might choose gold bars and coins to hold tangible assets long-term or buy gold ETFs if you prefer easier buying and selling. Opening a gold IRA could be smart if you're thinking about retirement planning. But before jumping into gold investing, consult your financial advisor about which approach best fits your goals and portfolio strategy. They can help you weigh your options and create a sensible personalized plan.
