2010 Dubai 1 Ounce Palm Jumeirah Gold Visions of Dubai "Coin" Bar

[LawrenceChard]

Although this is described by most sources as a coin, it clearly appears to be a gold "round", otherwise called a medal or medallion.

2010 Dubai 1 Ounce Palm Jumeirah Gold "Coin" Bar - Second Edition.

Apparently designed and promoted by DMCC.

Dubai Multi Commodities Centre was established in 2002 by the Government of Dubai to provide the physical, market and financial infrastructure required to establish a hub for global commodities trade.

These bars are produced in four sizes, one ounce, half ounce, quarter ounce, and tenth ounce.

The obverse shows the portrait of H.H. Sheikh Mohammed bin Rashid Al Maktoum, with his name in Arabic and English.

 

2010 Gold 1 Ounce Palm Jumeirah Medallion Dubai

The reverse shows the Palm Jumeirah artificial archipelago in Dubai, with the Gold weight, fineness, and the date.

In recent years there has been international political pressure against dirty and illegal gold mining, refining and sourcing.

This has resulted in a shift from Switzerland being one of the biggest gold refining countries, to Dubai.

In Switzerland, Swiss federal laws discourage breaches of the famouw Swiss Banking Secrecy.

It is my guess that legal sanctions in Dubai against whistleblowers could be far more severs than those in Switzerland.

While Dubai promotoes itself as a luxury tourist and holiday destination, its record on human rights is not something the Dubai aurhtorities would wish to publicise.

😎

[LawrenceChard]

@Darr3nG posted an interesting video lilnk here:

How Switzerland and Dubai Turn a Blind Eye At Dirty Gold | ENDEVR Documentary