Paper Gold


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Paper Gold

1. An option contract or other derivative in which the underlying asset is gold.

2. An informal term for Special Drawing Rights.
References in periodicals archive ?
The main danger could be the newcomer Paper Gold, who hails from a powerful yard and is nicely-bred.
In effect, the United States owned a paper gold mine.
Speaking at a panel discussion, industry players and analysts said despite the higher import duties introduced by India, a key market for physical gold and large scale liquidation of paper gold (ETFs) in the West, gold demand has strong support from People's Bank of China which is adding bullion as reserve and consumption demand from India.
Contract award for Envelope bag craft, paper gold, 80 g / m2, dimensions 26 x 36 cm, with a variation of + / - 5%, with timbre uefs
But why Paper Gold instead of buying Physical Gold?
Paper Gold allows you to enjoy all benefits of investing in gold whilst eliminating drawbacks of holding gold in physical form
If you are considering an investment in paper gold, with the aim of converting it into real gold at a later date, stop right there.
Paper gold most commonly involves gold stocks or shares in gold mining companies.
Moreover, paper gold or gold ETF can be considered as a better alternative than investment in physical gold," Anurag Bhagchandani, analyst at Aranca, said.
Dubai: While investors are dumping "paper gold" in the form of exchange traded funds, people have shown an increased appetite for the physical metal.
According to Rolf Schneebeli, CEO of Gold Services AG, coins represent an excellent way to invest in physical gold for the average investor, as they allow anyone to own a protection directly rather than through a bank or a paper gold approach.
The demand of paper gold, proxied by US Commodity Futures Trading Commission's reported managed money long contracts, have since the end of 2006 risen in tandem with the price of gold.