Egypt launches 1st Gold Investment Fund ...Egypt

EGYPT INDEPENDENT - Economy
Egypt launches 1st Gold Investment Fund
source : EGYPT INDEPENDENT ( Egypt ) () 41
Egypt’s Financial Regulatory Authority approved the establishment of the nation’s first fund to invest in gold, enhance financial and investment inclusion, and build an advanced non-banking financial sector that is inclusive and stimulates economic growth.   What is a gold investment fund? The Gold Investment Fund is a license granted by the FRA to a company to sell gold investment documents backed by gold reserves through dealing with companies that buy, sell, store and secure gold savings. The company must be licensed by FRA, as this guarantees for the customer the highest levels of trust, transparency and protection of his gold savings. According to Ahmed Abul-Saad, an expert in fund mana

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