Out of the estimated 2,500,000 million ATM machines worldwide, only 16 can be used to disburse gold. Seven of them are located in the United Arab Emirates. And you can get your own Dubai golden coin.

With the global crisis progressing, the world tends to look back to traditional valuables like gold and other precious metals. Historically, gold coins as legal tender have been successfully used all over the world – the recent example is of course the immensely popular South African Krugerrand but also e.g. the American Gold Eagle or Australian Gold Nugget.
That is why, after successful launch of the first UAE bullion coin, the Dubai Multi Commodities Centre Authority (DMCC) entered into discussions with the UAE Central Bank to designate the coin as the first gold bullion legal tender in the Middle East.
These bullion coins were launched in August this year by DMCC. They were designed to commemorate the numerous accomplishments and visions of the UAE leaders: The first edition carries a portrait of His Highness Sheikh Khalifa bin Zayed Al Nahyan, the UAE president, on one side and the Burj Khalifa, with its 828 meters the world’s tallest tower on the reverse. The second edition has been launched earlier this month. It features a portrait of the Dubai ruler His Highness Sheikh Mohammed bin Rashid Al Maktoum and Palm Jumeirah, the world’s largest man-made island, on the reverse.
Minted by the Swiss refinery, Argor-Heraeus, the 24 karat coins are accredited by the DMCC’s Dubai Good Delivery (DGD) standard and available in four denominations weighing 1 oz, ½ oz, ¼ oz and 1/10 oz.
Whether the Dubai golden coin will become the legal tender in the Middle East or not, it is an interesting investment opportunity for the ones who believe in the growing value of precious metals.
 
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