DUBAI® Gold Securities : an initiative of World Gold Trust Services
Bringing the Gold Market to Investors
Statement on Dubai Gold Securities
Dubai, 2 February, 2010
Securities Holders will be aware that on 22 December 2009, the DFM announced its planned acquisition of the NASDAQ Dubai. The Press Release announced the consolidation of key market operations functions of the DFM and NASDAQ Dubai.
The current process for creation and redemption of the Dubai Gold Securities is on a T+3 delivery versus payment basis. As a result of this acquisition and the planned consolidation of trading, clearing, settlement and custody processes between NASDAQ Dubai and the DFM, the Directors of DGS LLP are considering whether any necessary steps are required to address any proposed changes in the current operational structure of the NASDAQ Dubai. To address this issue, the Directors of DGS LLP have appointed a sub-committee which will be reviewing any changes proposed and liaising with service providers and advisers to DGS LLP in relation to any steps which need to be taken.
A further announcement on any actions required by the DGS LLP Board and DGS LLP shall be made in due course.
For centuries, gold has been both a global currency and an investment. It is almost indestructible and highly liquid. As a result, gold has a special place in the investment world.
The factors that affect the gold price are different from those that affect other asset classes. Gold is a unique investment, allowing portfolio diversification and optimal wealth preservation. This makes gold a useful instrument as part of an investment strategy.
Dubai Gold Securities offer investors an innovative, cost efficient and secure way to access the gold market. Listed on NASDAQ Dubai, on 2 March 2009, Dubai Gold Securities are the first physically-backed gold product to be listed on the exchange and in the Middle East. For more information, please click on one of the links below.
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Gold Spot Price
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| AUD | awaiting |
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| EUR | awaiting |
| GBP | awaiting |
| HKD | awaiting |
| INR | awaiting |
| JPY | awaiting |
| ZAR | awaiting |
Mid prices, updated every minute
© 2009 Dubai Gold Securities LLP
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