Discover the easiest way to hold gold

Fsp Invest Team, 03 May. 2013

Tags: absa newgold etf, newgold, debentures, absa, etf, gold, gold bullion, invest in gold, how to invest in gold



Did you know that there’s an easy, cost effective way to build a solid gold position for the longer term and make significant gains? With the Absa NewGold ETF you can. Read on to discover how this investment can help you hold gold with ease.


If you’re looking for an easy way to hold gold you should be investing in the Absa NewGold ETF. This ETF gives you exposure to gold without you having to hold physical gold.

 “Absa NewGold ETF offers a simple and cost-efficient method for investors to invest in physical gold bullion. NewGold issues listed instruments (structured as debentures) backed by physical gold and the value of a NewGold debenture will rise or fall in accordance with the fluctuations in the rand price of gold bullion,” explains Absa Capital.

A debenture is money raised by a company through loans.

Here’s why you should invest in Absa’s NewGold ETF

By investing in the Absa NewGold ETF, you can build a solid gold position for the longer term.

“It’s your way of building a gold portfolio play for the next couple of years, by which time you should see very healthy gains,” says Francois Joubert, Chief Investment Strategist behind The Resource And Scarcity Report.

What’s great about the Absa NewGold ETF is that it’s backed by physical gold, which is the property of ETF holder. The gold which is approximately equal to 1/100 ounces of gold bullion, is stored at a secure vault in London and is completely separated from Absa.
This means, “Absa can’t touch that gold. Even if the bank were to go bankrupt, you’d still be able to claim your full gold holding in NewGold for physical delivery,” says Joubert.

The Absa NewGold ETF has quickly grown since its launch in 2004 and has become the biggest ETF listed in Sub - Saharan Africa. Its rapid growth has been attributed to its attractive returns and minimal administrative fees.

As an investor, you can buy shares in the Absa NewGold ETF through a stockbroker or through the NewGold Investment Plan managed by Absa Investment Management Services.

You can find out more about the Absa NewGold ETF here.

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