Gold products

Description

CIMA Financial Planning Mind Map on Gold products, created by Katerina Kritikos on 15/05/2022.
Katerina Kritikos
Mind Map by Katerina Kritikos, updated more than 1 year ago
Katerina Kritikos
Created by Katerina Kritikos almost 2 years ago
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Resource summary

Gold products
  1. ETC: Tracks the spot price of gold (the real time price of one troy ounce of gold. Either physical or synthetic.
    1. Modern gold bullion coins are investment grade gold legal tender at a small premium to spot price of gold in the markets. Closely follows gold spot price.
      1. Numismatic gold coins (rare gold coins) have a value different to the gold content of coins. Value is more dependent on external factors such as collector's demand, rarity, auctioning and timing.
        1. Gold certificates are ownership of quantity of gold held by a provider, allocated or unallocated. Unallocated certificates are subject to risk of provider insolvency.
          1. Shares in gold mining companies give some exposure to the gold price but includes investment specific risk of individual company.
            1. Futures and options: leveraged position on the gold price which exagerates gains and losses.
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