YAadventurer asked:
I'm looking for the type of Gold that are sold in shares, you don't actually have the gold but you own a piece of it. And you don't store it yourself, the place you get it from stores it for you so there's no hassle of security and storage. What type of gold exchange do you call this? And what is the biggest exchange?
I'm looking for the type of Gold that are sold in shares, you don't actually have the gold but you own a piece of it. And you don't store it yourself, the place you get it from stores it for you so there's no hassle of security and storage. What type of gold exchange do you call this? And what is the biggest exchange?
Also how secure is this? Are you guarranteed that share no matter what, even if say something catastrophic happens like all the electronic records get hacked or destroyed?
I'm not talking about buying coins or bullion you have to store yourself, this is different.
Bari