Physical Gold vs KASE gold -- Kazakhstan -- ADGM Analysis

Gold ETF vs Physical Gold for Kazakhstani Investors

Gold ETFs offer convenience but carry counterparty risk — you own shares in a trust, not gold. Physical allocated storage in Abu Dhabi gives you direct title to specific bars under ADGM English Common Law. For Kazakhstan investors, the comparison involves tax efficiency (VAT exempt on investment gold), counterparty risk tolerance, and whether you need the gold or just the exposure. LCORE serves institutional investors with $5M+ allocations.

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0%
UAE CGT
Allocated
Title Protected
English Law
ADGM
$200M
Lloyd's
Overview

Physical Gold vs KASE gold in Kazakhstan

Kazakhstan is a major gold producer. Physical allocation in ADGM vs local KASE products provides international title protection and neutral jurisdiction for Kazakh gold.

LCORE provides allocated physical gold storage in ADGM Abu Dhabi. Every bar identified by serial number. Lloyd's $200M insurance. ADGM English Law Warehouse Receipt. Storage Programme generating operational income. Zero UAE capital gains tax.

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Confidential. Min $5M. ADGM 28158.

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FAQ
What is the difference between physical gold and KASE gold?
Physical allocated gold gives you legal title to specific bars. KASE gold gives price exposure but you are typically an unsecured creditor. In LCORE ADGM, your gold is legally yours.
What are the tax advantages in UAE?
Zero UAE CGT. Zero wealth tax. Zero VAT on investment-grade gold. Zero import duty in pre-customs zone.
Minimum?
$5M. Institutional counterparties only. ADGM Reg. 28158.
Also see: Physical vs ETF · Allocated Storage · Dubai vs Switzerland