What is a gold investment fund? The Gold Investment Fund is a license granted by the FRA to a company to sell gold investment documents backed by gold reserves through dealing with companies that buy, sell, store and secure gold savings. Gold investment fund detailsAccording to Abul-Saad, the recipient parties convert the capital of the subscribers in the documents into gold, by dealing with companies licensed to perform buying and selling activity, and registered with FRA. Abul-Saad explained that the launch of the gold investment fund now comes in light of the desire of many people to invest in gold with their inability to buy in light of high prices, as the fund made the document available starting from 10 pounds. The fund aims to invest in gold (via physical investment in bars), so that the net asset value of the fund is calculated on the basis of the gold price announced by the Egyptian Stock Exchange.

Source: Egypt Independent May 15, 2023 13:42 UTC