Monetary Metals is growing its presence in the United Arab Emirates through a new gold lease agreement with Tajvi Gold Holdings. Tajvi is a jewelry manufacturer and retailer based in Dubai.
This partnership marks an important milestone for Monetary Metals. It is the company’s first gold lease to the retail jewelry sector in Dubai, which is a key center in the global gold market.
About 46% of the world’s above-ground gold supply exists as jewelry. Also, around 20-30% of all gold traded worldwide passes through the Dubai region. These facts highlight why this deal is so important for Monetary Metals.
Monetary Metals operates the Gold Yield Marketplace®. This platform provides gold-based financing to qualified businesses in the precious metals industry. It also offers investors and institutions a “Yield on Gold, Paid in Gold®” — a way to earn returns by putting their gold to work.
Keith Weiner, the founder and CEO of Monetary Metals, said:
“We’re excited to welcome Tajvi Holdings to our platform. The UAE plays a vital role in the global gold trade, and Tajvi is well known for its craftsmanship and fair business practices. This announcement shows that we are ready to offer reliable and scalable gold-financing solutions here in Dubai.”
The Monetary Metals gold lease offers three major benefits for jewelry companies. First, the lease is off the balance sheet, which helps improve financial ratios. Second, the lease amount is measured in ounces of gold, not dollars. This matters because when gold prices rise, companies do not have to reduce their inventory. Third, it removes price risk for the jeweler. This means they no longer need to use complex hedging strategies, which can be difficult when gold prices go up.
Shameer Shafi, CEO of Tajvi Gold Holdings, expressed his enthusiasm for the partnership:
“Monetary Metals is changing the way we do business. This new lease structure lets us access gold more efficiently, strengthens our financial position, and removes the need for complicated hedging. This allows us to focus on what we do best — creating world-class jewelry for our customers. We are proud to be the first company to join this innovative initiative.”
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