Claims on gold
'Paper gold' is a broad label for financial exposure to gold without holding metal yourself: , options, unallocated accounts, CFDs, and some ETFs. These are convenient and liquid but depend on a counterparty meeting its obligations.
Key takeaways
- Paper gold = financial exposure without physical possession.
- Counterparty risk is the main trade-off.
Knowledge check
The main extra risk of paper gold is…
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