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Definition

The is an ABSA ETF which tracks the rand price of gold. It is the equivalent of buying krugerrands, but with the advantage that there is no security risk and the ETFs can be easily sold and bought. Obviously the rand/US dollar exchange rate is a key factor and has a significant influence over the price of this ETF. Since gold pays no dividends, interest or rent, there is no income which accrues to this ETF - what they have is security since their investment is backed by gold bullion.

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