BUY GOLD WITH CRYPTO IN DUBAI

[kokolokop]

Hello,

does anyone know if buying gold in Dubai with crypto is easy and straightforward or there are some disadvantages? And if thats a good alternative on cashing out your crypto in Dubai?

1. Can someone recommend a reputable gold supplier that I can find in Dubai that offers gold bars with crypto?
2. What are the fees involved when buying and selling gold in Dubai?
3. What are the storage options, can someone recommend a storage options for gold in Dubai and maybe know the yearly rates?
4. How difficult is selling the gold when you decide to do so in Dubai?
5. Is buying and selling gold non-taxable in Dubai?

I would be grateful for any help on this. Thank you.

 

[CaptK]

1, Go to the Gold Souk
2, 5%VAT
3, most of the banks have a‌ gold storage facility
4, very easy
5, it is applicable for VAT but if you‍ sell p2p then no more tax is applicable.

 

[uplana]

I would go and speak with @Fred or @Gediminas Maybe they can take you by‌ the hand and walk you to some valid seller.

 

[Dreamy]

Btw what about variant - buy gold for crypto in Dubai and sell it in‌ some time, as a result get clear money on UAE bank account?

 

[bubbledouble]

ìnteresting question, they do or did in Germany that way only very few‍ years ago before the limits.

 

[blizz]

it's sadly not going like this unless you do some tweaking in that‍ chain

 

[clemens]

you can still do it in Germany‍ if you are a old customer with some of their shops.

 

[uplana]

But if you are not then you‍ have to comply to the euro 2000 limit which sucks.

 

[ehsantz94]

hi
whatever about buy gold by crypto︂ in dubai i can do for you
if you want buy or sell gold by︃ crypto i will do for you

hi
whatever about buy gold by crypto in dubai i︅ can do for you
if you want buy or sell gold by crypto i will︆ do for you

 

[uplana]

you realize that advertising isn't allowed here - For sure I would⁠ not buy or sell to a dude I don't know smi(&%

 

[bubbledouble]

I wonder why none of them can help?

 

[Au999]

There is no vat (it's zero rated) on "Supply or import of investment precious metals"‌ ie bullion. Anything other than bullion, like jewellery etc has 5% vat.

That's direct from‍ dgcx commodities exchange website

 

[clemens]

totally right, there is no VAT‍ on Gold bars nor buillions.

 

[fortunespeculator]

So we buy gold from the‍ exchange itself they give delivery in how many days??

 

[bubbledouble]

please if you know let us know here

 

[fortunespeculator]

I myself‌ am asking Au999 for confirmation 🙂

 

[697477671563]

Off the topic but I seek help. My gold bars are dated 2009, "Emirates gold",‌ stored in Dubai. The issue is I want to tokenize it but no one won't‍ take it because it's not on the Good Delivery list. Is there a way to⁠ add it to this list? Refineries only work with legal entities, but I bought it⁤ as an individual and I wanna do it as an individual, too.

 

[aniglo22]

No , Emirates Gold as an entity would need to apply for lbma⁣ membership themselves and also pass the requirements set by lbma .

Depending on the quantity⁢ you could try refining .

 

[alley]

can you explain this to me in some easier language, I don't understand what‍ is wrong with your gold? I thought Gold is Gold and you can sell it⁠ as easy as you can buy it ?

 

[aniglo22]

The Good Delivery⁠ list is a quality guarantee due to its standards and requirements, making gold on this⁤ list easier to trade and more widely accepted in business transactions.

And his refinery isn't⁣ listed on it