Gurkha Bullions and Vault are now offering our loyal customer a high security, insured, storage for free in the form of paper gold.
What is paper gold?
Paper gold is a paper certificate that guarantee a conversion of it’s value into actual gold. These kinds of gold certificates are often used on foreign exchanges instead of actual gold to make financial transactions easier. A more specific definition of paper gold involves the International Monetary Fund or IMF. The International Monetary Fund is a 20th century creation that provides for specific financial operations between nation-states. The IFM is a major vehicle for allowing lending to countries that must than pay off their debts to the IMF over time. A number controversies have followed the IMF since its inception, and now, debates over the use of paper gold and other currency standards are coming to a head .
Why choose paper gold
In recent times, the dollar has been used as a global currency. The status of the dollar is currently generating some interest and debate, since other alternative methods would also allow for a standard currency between nations. One option is paper gold, where the certificates that represent gold could be used as a world currency.
Looking at the ways that nations currently evaluate the IMF and world currency standards requires a detailed knowledge of each nation’s history and foreign policy. According to experts, the trade relationship between China and the U.S. has helped to prop up continued use of the dollar as a global currency, but some other finance professionals feel that this may be changing.
Regardless of whether paper gold becomes a global currency standard, gold certificates will continue to be in use as a commonly considered way to make assets more concrete, when holding them in a certain national currency seems to be a weak position. Financial professionals generally regard gold as a more stable form of currency than a specific national currency. The argument is that gold has intrinsic value as a heavy metal, where the currencies of the world’s nations are simply paper.
Nature of paper gold
The prices of paper gold are volatile. The value of your investment in the Accounts is calculated with reference to the prices of gold. You should recognize that the prices of paper gold and the value of your investment may go down as well as up.
The Accounts do not involve physical delivery of gold. You do not have any rights, ownership and possession of any physical gold in the Accounts. The allocation of gold in the Accounts is notional and is for the sole purpose of determining the cash value of your investment in the Accounts.
These are investment products. The investment decision is yours but you should not open the Accounts and invest in paper gold unless you know which relevant product is suitable for you with regard to your financial situation, investment experience and investment objectives.