Strong demand for gold among investors
Xetra-Gold achieves all-time high in gold holdings with 221.7 tons (FOTO)
Frankfurt (ots) - Growth of 18.5 tons year-to-date / Europe's largest gold
security with physical deposit / Since 2019 available in the Nordics
The gold holdings of the exchange-traded Xetra-Gold bearer bond (ISIN:
DE000A0S9GB0 (https://www.boerse-frankfurt.de/en/etf/xetra-gold) ) rose to a new
record of 221.7 tons as of 30 June. This is an increase of 18.5 tons over the
course of the year. At the beginning of the year, 203.2 tons of gold were stored
in the central vault for German securities. This makes Xetra-Gold the leading
physically deposited gold security in Europe.Since December 2019, Xetra-Gold is
also available in the Nordic countries Denmark, Finland, Norway and Sweden.
Gold holdings increase whenever investors buy Xetra-Gold shares via the stock
exchange. Exactly one gram of gold is deposited in the central vault for each
unit certificate. After the recent strong increase in the gold price, the assets
managed by Xetra-Gold currently amount to EUR11.3 billion, which is also a new
all-time high.
security with physical deposit / Since 2019 available in the Nordics
The gold holdings of the exchange-traded Xetra-Gold bearer bond (ISIN:
DE000A0S9GB0 (https://www.boerse-frankfurt.de/en/etf/xetra-gold) ) rose to a new
record of 221.7 tons as of 30 June. This is an increase of 18.5 tons over the
course of the year. At the beginning of the year, 203.2 tons of gold were stored
in the central vault for German securities. This makes Xetra-Gold the leading
physically deposited gold security in Europe.Since December 2019, Xetra-Gold is
also available in the Nordic countries Denmark, Finland, Norway and Sweden.
Gold holdings increase whenever investors buy Xetra-Gold shares via the stock
exchange. Exactly one gram of gold is deposited in the central vault for each
unit certificate. After the recent strong increase in the gold price, the assets
managed by Xetra-Gold currently amount to EUR11.3 billion, which is also a new
all-time high.
"In the first half of the year, gold performed quite similarly to the stock
markets. In March, the price of gold fell from around 50 euros per gram to 42
euros, in May we saw new highs at 52 euros", said Steffen Orben, Managing
Director of Deutsche Börse Commodities GmbH, the issuer of Xetra-Gold. "The main
reason for this is the high level of uncertainty in the markets, which we
believe will remain for the time being. We therefore expect continued lively
interest in gold. In addition, more and more asset managers, family offices and
private investors are showing interest in gold as a separate asset class. The
proportion of private and institutional investors is roughly balanced," Orben
continues.
Xetra-Gold investors are entitled to delivery of the securitised physical gold.
Since the introduction of Xetra-Gold in 2007, investors have made use of it
1,220 times. To date, 5.9 tons of gold have been delivered.
In September 2015, the German Federal Fiscal Court announced that gains from the
sale or redemption of Xetra-Gold after a minimum holding period of one year
would not be subject to withholding tax. Thus, the purchase and redemption or
selling of Xetra-Gold is to be assessed for tax purposes as a direct purchase
and sale of physical gold - such as gold bars or gold coins.
Xetra-Gold is issued by Deutsche Börse Commodities GmbH, a joint venture of
Deutsche Börse AG and Commerzbank AG, Deutsche Bank AG, DZ Bank AG Deutsche
Zentral-Genossenschaftsbank, B. Metzler seel. Sohn & Co. KGaA and Vontobel
Beteiligungen AG. Umicore AG & Co. KG, a group subsidiary of Umicore S.A., is
also involved.
Further information can be found at http://www.xetra-gold.com .
About Xetra-Gold
Xetra-Gold® (ISIN: DE000A0S9GB0) is a bearer bond issued by Deutsche Börse
Commodities GmbH, 100 percent backed by gold, which securitizes a delivery claim
to physical gold. Each individual Xetra-Gold note grants the investor the right
to require the issuer to deliver one gram of gold. For Xetra-Gold notes, the
Issuer maintains a corresponding amount of gold in physical form and, to a
limited extent, in the form of book gold claims. In the form of a security,
Xetra-Gold is fungible and as easily transferable as a share. In addition to
Germany, Xetra-Gold is authorized for public distribution in Denmark, Finland,
Luxembourg, the Netherlands, Norway, Austria, Sweden and the United Kingdom. The
complete and legally binding information on the Xetra-Gold bearer bonds can be
found in the key information document and the prospectus together with any
supplements and the terms and conditions of issue. Investors can obtain these
documents free of charge from Deutsche Börse Commodities GmbH, Mergenthalerallee
61, 65760 Eschborn, Germany, or download them from
http://www.xetra-gold.com/downloads .
About Deutsche Börse Commodities GmbH
The Xetra-Gold Issuer Deutsche Börse Commodities GmbH with its registered office
in Eschborn is a joint venture of B. Metzler seel. Sohn & Co. KGaA, Commerzbank
Aktiengesellschaft, Deutsche Bank AG, Deutsche Börse AG, DZ Bank AG Deutsche
Zentral-Genossenschaftsbank, Frankfurt am Main, Umicore AG & Co. KG and Vontobel
Beteiligungen AG. Umicore AG & Co. KG is a subsidiary of Umicore S.A., which
operates several gold refineries worldwide and produces gold bars. The issuer's
sole business purpose is to provide the market with the 100 percent gold backed
Xetra-Gold bond and to enable efficient, transparent and cost-effective trading
of this physical form of gold securitisation.
Contact for media:
Patrick Kalbhenn
Phone: +49-(0) 69-2 11-1 47 30
media-relations@deutsche-boerse.com
Additional content: https://www.presseportal.de/pm/116451/4640984
OTS: Xetra-Gold
markets. In March, the price of gold fell from around 50 euros per gram to 42
euros, in May we saw new highs at 52 euros", said Steffen Orben, Managing
Director of Deutsche Börse Commodities GmbH, the issuer of Xetra-Gold. "The main
reason for this is the high level of uncertainty in the markets, which we
believe will remain for the time being. We therefore expect continued lively
interest in gold. In addition, more and more asset managers, family offices and
private investors are showing interest in gold as a separate asset class. The
proportion of private and institutional investors is roughly balanced," Orben
continues.
Xetra-Gold investors are entitled to delivery of the securitised physical gold.
Since the introduction of Xetra-Gold in 2007, investors have made use of it
1,220 times. To date, 5.9 tons of gold have been delivered.
In September 2015, the German Federal Fiscal Court announced that gains from the
sale or redemption of Xetra-Gold after a minimum holding period of one year
would not be subject to withholding tax. Thus, the purchase and redemption or
selling of Xetra-Gold is to be assessed for tax purposes as a direct purchase
and sale of physical gold - such as gold bars or gold coins.
Xetra-Gold is issued by Deutsche Börse Commodities GmbH, a joint venture of
Deutsche Börse AG and Commerzbank AG, Deutsche Bank AG, DZ Bank AG Deutsche
Zentral-Genossenschaftsbank, B. Metzler seel. Sohn & Co. KGaA and Vontobel
Beteiligungen AG. Umicore AG & Co. KG, a group subsidiary of Umicore S.A., is
also involved.
Further information can be found at http://www.xetra-gold.com .
About Xetra-Gold
Xetra-Gold® (ISIN: DE000A0S9GB0) is a bearer bond issued by Deutsche Börse
Commodities GmbH, 100 percent backed by gold, which securitizes a delivery claim
to physical gold. Each individual Xetra-Gold note grants the investor the right
to require the issuer to deliver one gram of gold. For Xetra-Gold notes, the
Issuer maintains a corresponding amount of gold in physical form and, to a
limited extent, in the form of book gold claims. In the form of a security,
Xetra-Gold is fungible and as easily transferable as a share. In addition to
Germany, Xetra-Gold is authorized for public distribution in Denmark, Finland,
Luxembourg, the Netherlands, Norway, Austria, Sweden and the United Kingdom. The
complete and legally binding information on the Xetra-Gold bearer bonds can be
found in the key information document and the prospectus together with any
supplements and the terms and conditions of issue. Investors can obtain these
documents free of charge from Deutsche Börse Commodities GmbH, Mergenthalerallee
61, 65760 Eschborn, Germany, or download them from
http://www.xetra-gold.com/downloads .
About Deutsche Börse Commodities GmbH
The Xetra-Gold Issuer Deutsche Börse Commodities GmbH with its registered office
in Eschborn is a joint venture of B. Metzler seel. Sohn & Co. KGaA, Commerzbank
Aktiengesellschaft, Deutsche Bank AG, Deutsche Börse AG, DZ Bank AG Deutsche
Zentral-Genossenschaftsbank, Frankfurt am Main, Umicore AG & Co. KG and Vontobel
Beteiligungen AG. Umicore AG & Co. KG is a subsidiary of Umicore S.A., which
operates several gold refineries worldwide and produces gold bars. The issuer's
sole business purpose is to provide the market with the 100 percent gold backed
Xetra-Gold bond and to enable efficient, transparent and cost-effective trading
of this physical form of gold securitisation.
Contact for media:
Patrick Kalbhenn
Phone: +49-(0) 69-2 11-1 47 30
media-relations@deutsche-boerse.com
Additional content: https://www.presseportal.de/pm/116451/4640984
OTS: Xetra-Gold
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