Why should I buy gold?
By investing in gold, you protect your savings from any possible predicaments in the future. Gold has a constant purchasing ability - today one ounce of gold has a similar value to that of thousands of years ago. Thus investing in gold has become a common and popular means of securing one’s purchasing power. Gold guarantees financial freedom and security of world’s most prominent states and investors. Largest investors, banks and governments possess gold reserves. So why don’t you acquire your own gold reserve?
To see more arguments in favor click here.
What is allocated gold?
Allocated gold means that physical gold is owned by you and stored on your behalf under a custody agreement in a specified vault. Gold in that case is an undisputed asset of the investor. GBULLION thus acts as the custodian of the gold, insuring it and depositing in a highly secure vault in Dubai.
Why should I choose GBULLION DMCC?
GBULLION DMCC is a good choice when it comes to investing in gold because it offers you physical gold, not paper, very competitive prices and a buy-back guarantee. Besides, it is a fast and simple to operate service, which provides a free storage and can organise a delivery, if required.
For more details click here.
What are the risks of investing in gold with GBULLION DMCC?
Before becoming an investor, one should first of all consider general risks of investment. A theoretical possibility that gold prices might go down is one of them. Since the market price constantly varies, it is recommended to keep purchased gold for at least 7-9 months. All the other risks (e.g. loosing gold through theft, war, terrorism, acts of God, etc.) are insured.
Who can use GBULLION and how can it be used?
Any person of full legal age is able to use GBULLION services after opening an account on www.gbullion.com and having successfully completed the verification procedure.
Details of the verification process are outlined here.
Is there a fee for opening an account?
No, opening an account is free of charge. All you need is an e-mail account and 5 minutes of your time.
How can I add funds to my account?
To add funds to your GBULLION account you need to arrange an international bank transfer from your bank account. International bank transfers are usually received within 2-3 days and are immediately added to your GBULLION account. Our company does not charge you any extra fees for incoming transactions, thus the only additional costs you may incur are your bank’s transfer charges. Please note that you can make transfers to GBULLION only from your personal bank account (or a corporate one, if you have a Business Account on GBULLION).
How can I withdraw funds from my account?
To withdraw funds from your GBULLION account you can either sell gold and transfer the money back to your bank account or request a delivery of gold bars.
If you chose the international bank transfer option, your money will leave your GBULLION account by the end of the next business day, and will be transferred to your bank account within 2-3 business days.
Can I deposit cash?
No, depositing cash is not permitted, since all incoming funds are supposed to come from a source which has been validated in the banking world. Thus GBULLION prevents any possibility of money laundering via the service.
What is the minimum and the maximum size of transaction allowed?
Using GBULLION you are able to buy or sell gold within the system from minimum quantity of 1 gram, which makes investing in gold more affordable. If you wish to buy gold for more than 350 000 USD please contact our sales department.
What are the rates at GBULLION?
For more information on GBULLION’s current rates please click here.
What is Gold Spot Price?
Gold Spot Price is a value placed on gold at a specific time, based on the gold market. Gold Spot Price is a live gold price and is constantly updated.
Can I be sure in the liquidity of the gold I buy through GBULLION?
Liquidity is guaranteed by GBULLION’s guarantee to buy your gold back at the Gold Spot Price the moment you wish to sell your gold and withdraw your funds from the system.
What guarantees do you provide?
For the detailed information on the guarantees provided by GBULLION DMCC please click here.
What is verification? What is it for?
Policy pursued by GBULLION DMCC conforms to the "Know Your Customer" principle. We strictly follow the rules established by financial authorities of the United Arab Emirates, with relation to identification, control and monitoring of the data provided by customers, including sources of funding. Current measures are aimed at preventing GBULLION from being used in any form of illegal activities.
Does anyone have an access to my personal data?
Any information provided by you, including your personal information and copies of documents, is strictly confidential. This information cannot be used by third parties for marketing, commercial or other purposes without your prior consent. Only exception is instances, where GBULLION is obliged to disclose information to comply with the Law.
Service Questions (registration, verification, security)
Is it required to tender documents to use GBULLION and what is account verification?
Yes, all potential customers are to fulfill the requirements as stated in Terms of Use. Policy pursued by GBULLION DMCC conforms to the "Know Your Customer" principle. We adhere to the rules established by the financial authorities of the United Arab Emirates as it pertains to the identification, control and monitoring of the data provided by the customers including sources of funding. Current measures are aimed at preventing GBULLION from being used in any form of illegal activities. For more information click here.
How is access to my account secured?
GBULLION technicians run a round-the-clock security monitoring of the system. Therefore, any attempts of unauthorised access to the system are immediately traced and blocked.
Additional security measures:
- All the fund transfers or withdrawals are possible only to the bank account, that you have registered in the system. This measure makes an unauthorized money transfer to a third party account impossible.
- Once you have enabled our SMS notifications service, you will start receiving text messages whenever any type of operation (defined by you) is carried out on your account. This way you can monitor your account, even when you are away from your computer.
- If you only use one computer with a fixed IP address, you can activate our option of limited access to your account via that IP address only.
What shall I do if I forgot my password?
Gold Related Questions (buying, selling, storing)
What standard of gold does GBULLION offer?
GBULLION offers only highest purity 999.9 fine gold that complies with Dubai Good Delivery Standard and/or London Good Delivery Standard. GBULLION DMCC holds relevant license (License Number: DMCC-31266) for trading gold, as issued by the Dubai Multi Commodities Center. DMCC is an Associate Member of London Bullion Market Association (LBMA) since 2007.
Where is GBULLION gold stored?
GBULLION DMCC acts as the custodian of gold, insures it and deposits in a high security vault in Dubai (UAE).
The storage is executed in accordance with international regulations and standards by independent, licensed vault operators - Brink's and Transguard.
Why should I choose to store my gold in Dubai?
GBULLION DMCC was registered in 2009 and operates under the law of United Arab Emirates (UAE). A stable, economically developed and politically sound state, with liberal legal framework for gold trading, Dubai has become a magnet for a variety of investors from all over the world. It is also a home of the world’s biggest market of gold and jewelery. UAE laws protect privacy of Internet users, information systems and programs as well as electronic correspondence and online government information and documents. Location is a great advantage for those concerned with risks of gold confiscation or any other changes in laws, resulting in difficulties connected with gold acquisition and sale, as happened in the USA in 1933 (Executive Order 6102).
Why does not GBULLION store gold in a bank?
Strange as it might seem, banks these days do not fully meet the high international standards required from vault operators. Besides modern banks are not, in fact, interested in a role of physical custodians of bullion, due to relatively low revenues.
That is why GBULLION stores your gold in, specially designed for gold and jewelery storage, independent vaults. Due to the exceptional security of the vaults, any type of risk is reduced to minimum, therefore the price of the insurance is considerably low.
How does the gold I buy get to the vault?
You buy the gold which is already safely stored in the vault. On a daily basis GBULLION DMCC monitors amount of gold available against demand so as to order more gold from suppliers as required. Suppliers ensure a secure delivery of gold to GBULLION vault.
Can you prove my gold is in the vault?
Once you make a purchase of gold, you receive an email with an electronic statement, which confirms the fact of gold purchasing and its placement in the specialized secure vault. Upon a request the ownership statement can be certified by GBULLION DMCC and sent to you by regular mail.
To ensure 100% ownership of gold you buy, GBULLION DMCC undergoes obligatory annual checks, as well as being subject to quarterly audits by an independent auditor.
There are other guarantees provided by GBULLION, so that you could feel on the safe side. Click here to find out more.
Can I request a delivery of my physical gold?
Yes, delivery of gold is possible upon request. GBULLION, in cooperation with Brinks, is the first and only licensed gold supplier that provides free delivery service to any airport in the world. For more information see the terms of delivery
Is GBULLION gold insured?
Yes, all the gold you store with GBULLION is comprehensively insured, with an independent insurance company Lloyd’s, against all risks (including theft, war, terrorism, force majeure, etc.). Lloyd's is one of the world's leading insurance providers, offering specialist insurance services to businesses in over 200 countries.