What Metals House does

Metals House Inc. is a privately held Cayman Islands-incorporated precious metals trading firm founded in 2012, focused on the global physical gold and silver supply chain. The company sources dore bars and gold/silver bullion from producing regions, verifies and refines the material, and delivers London Bullion Market Association (LBMA) Good Delivery bars to institutional clients worldwide. Its primary trading hub is the wholly-owned subsidiary MHGS Trading, located at Gold Tower within the Dubai Multi Commodities Centre (DMCC), with additional offices in Hong Kong, Miami, Toronto, Lima, Quito, Medellin, Accra, Bamako, and Abidjan — totaling 11 cities across four continents.

The company operates a market-neutral, sales-led go-to-market model targeting institutional counterparties on both the supply and demand sides. Revenue is generated primarily through margins earned on buying and selling physical precious metals, structured as transaction-fee economics rather than recurring SaaS or contracted ARR. Metals House is regulated across multiple jurisdictions (DMCC, SEC, Dodd-Frank, Hong Kong, Brazil) and adheres to OECD Due Diligence Guidance for Responsible Supply Chains, FATF 40 Recommendations, and internal KYC procedures. The firm restricts its counterparty refiners to those on the LBMA Good Delivery List, embedding third-party quality certification into its operational standard.

Leadership consists of CEO Ayman Shahin and co-founder Trevor Michael. The firm filed an SEC Rule 506(c) exempt offering in April 2022 targeting up to $150 million in capital (with $1 million sold at filing) to fund trading operations. No revenue, headcount growth trend, or AI/technology capabilities are disclosed in the available materials.

Name

Metals House

Legal name

Metals House Inc.

Website

https://metalshouseinc.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Metals House is a Cayman Islands-incorporated precious metals trading firm that sources, refines, and delivers LBMA Good Delivery gold and silver bars to institutional clients globally through 11 offices across four continents and its DMCC-based subsidiary MHGS Trading.

Ownership category

akta.pro rank

Product category

Precious Metals Trading

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (331410), Metal Service Centers and Other Metal Merchant Wholesalers (423510), Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Primary Metal Manufacturing (331)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Wholesale-Metals Service Centers & Offices (5051)

akta.pro primary industry

Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM) (IMAKAJAD)

Keywords

• Physical gold trading
• Precious metals refining
• Dore bar verification
• LBMA good delivery
• Bullion supply chain

Headquarters

HQ city

George Town

HQ country

Cayman Islands

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Others, Marketing or Sales

Revenue model

1. Physical Gold and Silver Trading: Primary revenue stream from trading physical gold and silver. The company sources and purchases dore bars and gold and silver bullion globally, verifies and refines precious metals, and delivers LBMA Good Delivery bars to institutional clients worldwide. Revenue is generated through the margin on buying and selling physical precious metals.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Metals House is a physical precious metals trading firm that sources and purchases dore bars and gold and silver bullion globally, verifies and refines the materials, and delivers LBMA Good Delivery bars to institutional clients worldwide. The company operates market-neutrally between suppliers and customers through its wholly-owned subsidiary MHGS Trading at the Dubai Multi Commodities Centre (DMCC), with regional offices supporting global sourcing and distribution.

Product overview

Metals House is a physical gold and silver trading company with a single unified business offering focused on the global physical precious metals supply chain. The core product is the trading of physical gold and silver, sourcing dore bars and bullion globally, refining, and delivering LBMA good delivery bars to clients worldwide through its operating subsidiary MHGS Trading in the Dubai Multi Commodities Center (DMCC). The company generates diversified revenue streams within various segments of the global physical gold supply chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Physical Gold and Silver Trading Sourcing, purchasing, verifying, refining, and delivering physical gold and silver bars (including LBMA Good Delivery bars) to institutional counterparties worldwide through operating subsidiary MHGS Trading in the DMCC.
• Dore Bar Verification and Refining Physical verification and refining of dore bars and precious metals inputs as a prerequisite step before redelivery as LBMA Good Delivery compliant bars for institutional clients.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• London Bullion Market Association (LBMA)coreStrategic or Co-development PartnerMetals House only conducts business with refiners that meet the standards to be on the LBMA Good Delivery List. This partnership ensures that all precious metals traded and delivered meet the internationally recognized quality standards for gold and silver bars.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Others

• Brink's Global Services: Brink's provides secure logistics, vaulting, and precious metals transportation services globally, including for LBMA market participants. Comparable to Metals House as an enabling ecosystem participant in the global precious metals supply chain that Metals House relies on for physical delivery.
• Loomis (precious metals logistics): Loomis provides secure cash-in-transit, vaulting, and precious metals logistics services for financial institutions and bullion dealers globally. Comparable to Metals House as a critical infrastructure provider supporting the physical movement and storage of precious metals traded by LBMA-compliant dealers.

Direct peers

• PAMP SA (MKS PAMP GROUP): PAMP is a Swiss LBMA Good Delivery refiner and one of the world's leading precious metals brands, offering refining, fabrication, and trading of gold, silver, platinum, and palladium. Closely comparable to Metals House across refining, LBMA-compliant delivery, and global institutional client servicing.
• Sharps Pixley: Sharps Pixley is a London-based precious metals dealer focused on physical gold and silver trading for institutional and high-net-worth clients, with strong ties to Asian markets via its parent Silver Bullion. Comparable to Metals House as a physical precious metals trader serving institutional clients with global sourcing and delivery.
• Metalor Technologies International: Metalor is a Switzerland-based global precious metals refiner and producer of LBMA Good Delivery bars serving industrial and financial customers. Directly comparable to Metals House as both source dore/refine gold/silver into LBMA-compliant bars for institutional clients, though Metalor operates at materially greater scale.
• Heimerle + Meule Group: Heimerle + Meule is a German precious metals refiner, fabricator, and dealer with LBMA Good Delivery accreditation and global institutional clientele. Comparable to Metals House in precious metals refining, trading, and LBMA-compliant delivery for institutional customers.
• Dillon Gage: Dillon Gage is a US-based precious metals refiner, dealer, and trade-financing firm serving institutional and retail clients. Directly comparable to Metals House as a precious metals refiner and dealer working with dore and bullion to produce LBMA-acceptable product for institutional customers.

Broad incumbents

• Aurubis AG: Aurubis is a leading global multimetal processor and one of the largest copper recyclers in Europe, with growing exposure to precious metals recovery. Comparable to Metals House in non-ferrous and precious metals processing/trading, though Aurubis is a broad-listed multimetal incumbent with significantly larger operations.
• Heraeus Precious Metals: Heraeus is a German-headquartered global precious metals and technology group engaged in precious metals trading, refining, and recycling for industrial and financial clients. Comparable to Metals House in physical precious metals trading and refining, though operating as a much larger diversified conglomerate.
• Tanaka Kikinzoku Kogyo: Tanaka is one of Japan's largest precious metals refiners and traders, with LBMA Good Delivery status and global industrial and financial customers. Comparable to Metals House in precious metals trading, refining, and global institutional delivery, though operating at materially larger scale in Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks1 record

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/metalshouse

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metals House