Alpari comes with developments in their types of accounts, now gives us the possibility of opening our own investment in deposit currency linked to gold prices.
So-called “Gold Account” Alpari is a new type of account that we can invest in your platform, immediately attached some information I received from the broker alpari this news.
Alpari introduces a new service “Gold Account” with the deposit currency GLD – conditional unit linked to the gold market rate.
The “Gold Account” broad boundaries of conventional concepts of brokerage services, which represents an alternative to the unallocated metal accounts that are used in banking practice.
The “Gold Account” – is an account type classic.mt4 which have access to the full range of services provided by Alpari: can operate in FOREX, CFD buy and sell stocks, commodity futures, stock indices and metals, including gold contracts (XAUUSD, # GC). The only difference is that the balance sheet, earnings and other indicators of the account are not measured in foreign currency, but gold!
As the price of an ounce of gold exceeds U.S. $ 1 300, the unit value of the underlying asset of the “gold account” is equal to one thousandth of the current price of XAUUSD spot exchange rate, which results in a convenient way to calculate the value comparable to the euro or the pound sterling and the dollar value is of 0.031 grams of pure gold.
Unlike any currency, gold, by definition, is not affected by inflation and is more resistant to falling rates because global reserves are limited, but also because the central banks of countries Europeans are forced to limit the sale of gold reserves in accordance with the agreement of Washington in 1999.
The agreement lasted until 2014, is a major cause of rising gold prices, which continues to this day.
With the opening of a “gold account”, you have the possibility to secure the deposit of the effects of economic or political instability because any crisis in the world, usually leads to increased demand precious metals
Advantages of the “Gold Account” Alpari
* A greater degree of protection against the sharp decline in exchange rates, compared to foreign exchange assets, as the world’s gold reserves are low and limited central bank gold sales under the Washington Agreement of 1999.
* Increased performance in cases of economic or political crisis, such as economic instability, usually accompanied by a “capital flight” in the precious metal.
* More flexibility to allocate funds between the gold and foreign currency accounts, creating a portfolio of stable currencies metal.
* More investment earnings to the rising price of gold, which demonstrates the rapid growth in the last 10 years!
More information on Alpari Gold Account at: Gold Accounts Alpari.
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