Gold in a share
A physically backed gold exchange-traded fund holds bullion in vaults and issues shares that trade on a stock exchange. Each share represents a fraction of the gold held, minus an annual fee.
ETFs made gold easy to hold in ordinary brokerage accounts, and flows are now a visible part of gold .
Key takeaways
- Physical gold ETFs hold vaulted bullion.
- Fees slowly reduce the gold per share.
Knowledge check
A physically backed gold ETF…
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