"Investing in Gold via Installments"…Korea Investment & Securities Launches Gold Spot Lab
[Asia Economy Reporter Koh Hyung-kwang] Korea Investment & Securities announced on the 10th that it is recruiting for the 'Korea Investment Gold Spot Lab (Installment Savings)' which invests in gold spot.
This product invests in gold spot listed on the Korea Exchange (KRX) gold market. KRX gold spot trading forms a transparent market price and has the advantage of being exempt from capital gains tax upon sale. The physical gold is safely stored by the Korea Securities Depository, and physical withdrawal is also possible. It operates on a free installment basis, aiming to lower the average purchase price through additional deposits even if the gold price falls. It is suitable for investors who want to balance their portfolio by investing in gold spot in installments according to their financial situation.
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The minimum subscription amount for Korea Investment Gold Spot Lab is 100,000 KRW and can be subscribed through all Korea Investment & Securities branches. Lee Jun-jae, head of the Investment Products Division at Korea Investment & Securities, said, "In an investment environment where uncertainty continues, an increase in the value of real assets is expected due to liquidity supply from major countries," adding, "Korea Investment Gold Spot Lab will be a good means to invest in gold, a traditional safe asset."
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