Cryptocurrency Q&A
Is GLD 100% backed by gold?
Is GLD 100% backed by gold?
SamsungShineBrightness
Mon Oct 28 2024
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6
answers
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I'm wondering if GLD is fully backed by gold. I want to know if investing in GLD means I'm actually investing in gold, or if it's just some kind of gold-related financial product that might not be fully backed by physical gold.
6 answers
CryptoMystic
Wed Oct 30 2024
The fund, GLD, operates with gold and/or cash as its sole assets.
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EnchantedMoon
Wed Oct 30 2024
Despite this, shareholders are not entitled to receive physical gold.
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KpopStarlight
Wed Oct 30 2024
Their shares represent an investment in the fund, not direct ownership of gold.
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JejuSunshineSoulMateWarmth
Wed Oct 30 2024
Owning shares in GLD does not grant investors ownership of actual physical gold.
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Martino
Wed Oct 30 2024
BTCC, a leading cryptocurrency exchange, offers a range of services.
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