Notes 2022-06-10

Gold ETF

A gold ETF is a commodity ETF that consists of only one principal asset: gold. A gold ETF gives an investor an opportunity to gain exposure to the performance, or price movements, of gold; BUT not for an investor to own gold.

Most well-known gold ETFs:

Gold-Backed Cryptocurrencies

Gold-Backed Cryptocurrencies are token collateralized by Gold. A company issues a token or coin that represents a certain value of gold. The gold then is stored by a trusted custodian or third party and can be traded on the market or with other holders.

List of tokenized gold projects:


Children
  1. Invesco DB Gold ETF (DGL)
  2. PAX Gold (PAXG)
  3. Perth Mint Gold Token (PMGT)
  4. SPDR Gold Trust ETF (GLD)
  5. iShares Gold Trust ETF (IAU)

Tags

  1. topic.etf
  2. topic.cryptoasset