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Paper Gold

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Paper Gold
1. An option contract or other derivative in which the underlying asset is gold.

2. An informal term for Special Drawing Rights.


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The odds clearly favor them as these well-funded, uber-connected bullion banks apparently have unlimited resources to take the short side of as much paper gold the world is willing to speculate with.
The dollar rose, paper gold and other commodities fell as confidence in the US/global economy collapsed as a result of a serious financial crisis worldwide.
Some people believe that the physical commodity is the only way to invest in this asset, and as such, only put money into the paper gold ETFs.
 
 
 
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