Monetary Metals and DD Metals Enter into Gold Lease Agreement

22 November 2023

Monetary Metals and DD Metals DMCC are pleased to announce they have signed a gold lease agreement to finance DD Metals' inventory and increase trading volumes. DD Metals DMCC is a market leader in precious metals commodity trading, financing, mining and logistics.

Mr. Gokhan Yilmaz, CEO of DD Metals DMCC said, "We are very pleased with our relationship with Monetary Metals and their financing solutions. This agreement fuels and expands our business operations in Dubai, a strategic location as evidenced by our membership on the Dubai Gold and Commodities Exchange (DGCX)."

Monetary Metals has been active in the Middle East, and Dubai specifically, having signed three lease agreements in the region in the last 60 days (AGA Bullion in Turkey and IGR Metals Trading DMCC and DD Metals DMCC in Dubai).

"The opportunities in Dubai are enormous," commented Keith Weiner, Founder and CEO of Monetary Metals. "The business climate is favorable, and Dubai is increasingly establishing itself as a key hub for the precious metals industry. I see Monetary Metals continuing to engage with quality businesses here."

This announcement occurs during the prestigious Dubai Precious Metals Conference. Both DD Metals and Monetary Metals are in attendance, with Keith Weiner speaking on a panel on Market Trends in Gold Finance, Tokenization, and Beyond.