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What is a leveraged 3x Gold ETF?

Leveraged 3X Gold ETFs seek to provide investors with a magnified daily or monthly return on physical gold prices. The funds use futures contracts to accomplish their goals and can be either long or inversed. As the name suggests, the level of magnitude is three times the daily or monthly gain/loss.

Does the Bloomberg Gold subindex outperform the broader market?

The Bloomberg Gold Subindex has outperformed the broader market over the past 12 months. Two of the four leveraged gold exchange-traded funds (ETFs), UGL and DGP, offer 2× daily long leverage. The other two, GLL and DZZ, provide 2× daily short leverage. These ETFs invest in futures contracts to take leveraged positions in gold.

What is a Triple X Diamond?

Triple X diamond is a trade term forround brilliant diamondsthat have been graded by GIA as having Excellent cut, Excellent symmetry and Excellent polish. X is short for Excellent, so Triple X really just means Triple Excellent.

What is a gold exchange-traded fund (ETF)?

A number of exchange-traded funds (ETFs) are devoted exclusively to gold, a precious metal valued for its industrial uses and its use as a store of value. The shiny metal is used in jewelry and is a key component in a number of electronic products.

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