GOLD Arab Emirate (GOLD AE) DMCC, the premier online trader in deliverable gold and silver, has recently signed a landmark gold allocated account partnership with Tadhamon International Islamic Bank, the biggest bank in Yemen, through its sister company SABAYEK24, in Sana’a.



The customers of Tadhamon International Islamic Bank will have the option of gold instead of cash in their saving accounts.



The deal underlines the growing awareness among investors in Yemen of the value of gold as a hedge against global inflation, hyperinflation and prolonged financial downturn.



Commenting on the partnership, Mohammad Abu-Alhaj, Charman of GOLD AE DMCC & SABAYEK24, said: “TIIB is a perfect partner for us. We remain committed to serving as a key player in the international bullion trading market and this deal is yet another exciting chapter the GOLD AE success story.”



He added: “Currency wars among different countries as well as uncontrolled printing of money by Central Banks around the world are putting the cash savings and purchasing power of millions of families at risk, considering the impact of the real possibility of their savings being completely wiped out with the unavoidable potential financial depression.”



He further said: “Gold is a stable investment that can also be used as a form of payment anywhere in the world. It is protected to the usual risk and limitations of other currencies. In fact, gold has been a preferred investment and a more stable form of currency for thousands of years.



GOLD AE DMCC is a member of World Gold Council. – SG