Goldman Sachs Physical Gold, Inc. (AAAU)
ARCA ARCA Primary 
XBER Summary
AAAU Chart
Gold prices holding steady near $3,350 after U.S. economy created 139K jobs in May
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold price loses altitude after upbeat U.S. jobs data
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold prices holding steady near $3,300 after U.S. economy created 139K jobs in May
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
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Goldman Sachs Physical Gold, Inc. Profile
| ARCA Exchange | US Country |
Overview
The described company operates within the financial sector, specializing in gold investments. It offers a unique investment vehicle that revolves around holding London Bars and Physical Gold of various specifications, explicitly excluding those of numismatic value. This business model is particularly tailored towards investors looking for exposure to physical gold without the complexities and securities associated with numismatic collections. The company operates by interacting with Authorized Participants, entities that are allowed to deposit and withdraw gold in exchange for Baskets. These Baskets represent a share or interest in the holdings of the trust, providing a liquid means for investors to gain exposure to the gold market.
Products and Services
- London Bars and Physical Gold Holdings
The company's primary offering is its holding of London Bars and Physical Gold in various specifications. These holdings serve as the foundational asset for the company's investment products. The gold is stored in secure vaults and is the basis for the creation and redemption of Baskets by Authorized Participants. This service enables investors to have tangible exposure to the gold market, benefiting from the intrinsic and potentially appreciating value of physical gold without having to deal with the physical storage themselves.
- Creation of Baskets
Authorized Participants are provided with the unique service of depositing gold with the company in exchange for Baskets. These Baskets represent a proportional interest in the company's gold holdings, analogous to shares in a company. This process is pivotal to the operation of the trust as it facilitates the entry of new capital and gold into the system, thereby increasing the liquidity and accessibility of gold investments for institutional and retail investors alike. It provides a standardized and regulated mechanism for investors to gain exposure to gold prices.
- Redemption of Baskets
In addition to creating Baskets, Authorized Participants can surrender Baskets to the company for redemption, in which case they receive an equivalent value of physical gold in return. This aspect of the service ensures that investors have the flexibility to convert their investment back into physical gold at their discretion, thereby providing an exit strategy and liquidity. This mechanism is crucial for maintaining the trust's integrity and attractiveness to investors, offering a tangible linkage between the investment product and the underlying gold assets.
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