Gold debentures: Difference between revisions
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'''Gold debentures''' are [[Financial instruments | instruments]] traded on a [[stock exchange]]. They are a direct play on [[gold prices]]. The shares represent actual physical [[gold]] holdings. The only countries who currently allow gold debentures are [[South Africa]], [[United Kingdom]], and [[Australia]]. |
'''Gold debentures''' are [[Financial instruments | instruments]] traded on a [[stock exchange]]. They are a direct play on [[gold prices]]. The shares represent actual physical [[gold]] holdings. The only countries who currently allow gold debentures are [[South Africa]], [[United Kingdom]], and [[Australia]]. |
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There is now a exchange traded fund in the USA that mimics gold prices. The fund is listed under the symbol GLD on the NYSE. The fund is organized as a trust. |
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They can be used to profit off speculation on gold prices, currency hedges and other [[plays]], alternative to gold mining company shares and management risks, and yet another place to reduce [[portfolio]] risk. |
They can be used to profit off speculation on gold prices, currency hedges and other [[plays]], alternative to gold mining company shares and management risks, and yet another place to reduce [[portfolio]] risk. |
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Revision as of 22:35, 1 January 2006
Gold debentures are instruments traded on a stock exchange. They are a direct play on gold prices. The shares represent actual physical gold holdings. The only countries who currently allow gold debentures are South Africa, United Kingdom, and Australia. There is now a exchange traded fund in the USA that mimics gold prices. The fund is listed under the symbol GLD on the NYSE. The fund is organized as a trust.
They can be used to profit off speculation on gold prices, currency hedges and other plays, alternative to gold mining company shares and management risks, and yet another place to reduce portfolio risk.
See Also
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