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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs more

Cashing in on gold?

Posted on 06 March 2013

Normally, you can’t expect interest or dividends from investing in gold. But this has changed, thanks to a convoluted new vehicle launched by Credit Suisse: an ETN (Exchange-Traded Note) called Gold Shares Covered Call ETN.
As we’ve said before in this space, ETNs are IOUs issued by investment banks based on the returns of particular indexes. In this case, the IOU is issued on the quirky “Credit Suisse NASDAQ Gold FLOWS 103 Index.”……………………………………….Full Article: Source


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