Gold may have lost the battle to diamonds in becoming a girl’s best friend, but the yellow precious metal can very well qualify as historically the most desirable metal. The attributes including malleability, resistance to corrosion and tarnishing, and the glitter makes it ideal for many jewelry purposes. But there is more to Gold; and that is the opportunity that the metal provides for investors.
Gold investors buy gold bullion, official coins as a hedge against inflation or a safeguard against the collapse of paper assets such as stocks, bonds and other financial instruments. Gold ETFs (Exchange-Traded Funds) have also become very popular as an investment option.
Gold ETFs are units representing physical gold, which may be in paper or dematerialized form and are traded on the exchange like a single stock of any company. Governments, central banks and other official institutions hold significant quantities of gold as a component of exchange reserves. (more)
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