6 advantages of the gold investment fund

Today, Sunday, a fund to invest in gold was launched, as gold funds allow investing in the precious metal by purchasing the fund’s documents, which saves the cost of acquiring the metal itself, in addition to the possibility of buying in small amounts, starting from 10 pounds, and recovery is available in cash and in kind.

The economist, Sayed Khadr, explained that the recent period witnessed many fluctuations in the local gold market, which created a black market and speculation in gold prices.

This resulted in a significant rise in gold prices, and the tendency to complete storage, especially with the linking of gold prices to the dollar.

He pointed out that the idea of establishing a gold investment fund is a positive step to contribute to preserving the internal markets and prices.

Advantages of a gold investment fund

The investment fund allows citizens to deal with gold through investment documents that are not physical, thus avoiding the risks of damage, loss, or fraud currently occurring in the markets and mixing gold bullion with other materials.

The fund also has benefits, which are reducing the value of the workmanship cost, and thus reducing the cost in dealing with physical gold.

In addition to creating full control by the state over the fund through disclosure, transparency and financial inclusion applied to the investment fund.

Among the advantages of the gold investment fund is the complete distance from the speculation process that is currently occurring and exaggerated, and thus is reflected in the reduction of its unreal value and giving a sound legal standard issued in accordance with local and international standards, and its prices are on the daily stock exchange screens.

It will also contribute to stabilizing inflation rates as it leads to investing in gold funds for a certain period, creating stability in the internal economic markets and seeking to abolish the parallel market for the dollar in the process of stabilizing gold prices internally.

The fund will contribute to opening new investment horizons through investment documents in gold and expanding the investment base in the stock exchange, which is what the Egyptian state seeks to enhance the volume of investments and enhance job opportunities.

Gold investment

The objective of the gold investment fund is to be an investment tool that works to attract new segments to invest in gold, especially in light of the value of the document that attracts many individuals.

“The form of buying in the gold investment fund will be through documents that cost ten pounds, provided that the minimum purchase is ten documents.”

The Fund is obligated to give investors physical and tangible gold, provided that the minimum redemption is about 50 grams, and the gold is insured by insurance companies.