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Gold Manager is an account which offers efficiency as it allows you to trade paper gold* without physical delivery of gold.
Paper gold is a financial asset that symbolizes the value of gold but does not entail physical ownership of the precious metal itself. By holding paper gold, you can gain exposure to the price fluctuations of gold without the need to possess actual gold.
*Gold Manager is only applicable to Citigold Private Clients, Citigoldclients, Citi Priority clients and Citibanking clients.
Contact our Investment Service Hotline at (852) 2860 0222(852) 2860 0222 or visit any Citibank® branch.
- Diversify your portfolio:
Gold is a financial asset with low correlation to equities and bonds which helps diversify your investment risk - Convenience:
No physical holding or delivery of gold - Hassle-free trading:
Through our 24-hour order watching service, you can easily set up online trading orders to be activated when the price reaches preset levels
Physical gold is gold in its tangible form, such as coins and jewelry, whereas paper gold is gold that is owned on paper or electronically. It does not deliver any rights, ownership or possession of physical gold.
Accessibility: Paper gold provides easy access to gold investments without the need for storing, insuring, or physically handling the metal.
Save time save storage: The cost associated with buying and storing physical gold can be higher compared to paper gold. Paper gold often incurs lower transaction and storage costs.
Liquidity: Paper gold investments are generally highly liquid. They can be bought or sold quickly on financial markets. This liquidity provides flexibility for investors.
No. There is no guarantee on the capital invested by you. Gold Manager is not secured on any assets or any collateral of the bank and is not backed by physical gold.
Investment involves risks. For more information, please visit Product Key Facts Statement.
Remarks:Remarks:
Buying and selling prices per unit of Gold Manager are in US Dollars and calculated with reference to the prices of Loco London Gold as specified by the London Bullion Market Association (of which the Bank’s profit margins have already been incorporated).
Important Information:Important Information:
The price of investment in Gold Manager is volatile and you should recognize that value may go down as well as up. Your investments in Gold Manager are subject to investment risks, including the possible loss of principal invested. Investments in Gold Manager are not insured by any governmental agency and not a deposit or other obligation of, or guaranteed by any depository institution. Gold Manager does not represent a deposit of money and provides no yield or interest. You should also be aware of the risk of foreign exchange rate fluctuations and may experience a loss when convert Gold Manager back to your home currency. Placing contingent orders, such as "stop loss" or "stop limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders.
Gold Manager is being set up under a Notional Gold Purchase Scheme under which Gold Manager only deals with Paper Gold and is not backed by physical gold and that the Bank has total discretion within such Scheme to determine its own gold hedging arrangements.
Investing in Gold Manager is not the same as investing in gold. Price changes in gold might not reflect in price changes of Gold Manager due to the pricing mechanism as set out in the Principal Brochure.
You should seek independent financial and legal advice should you have any questions regarding the features and risks of Gold Manager. This website is for information only and does not constitute any offer or solicitation to buy or sell. Investments should not be treated as a substitute for time deposits. Investors should refer to the relevant investment products offering documents for detailed information prior to subscription. Investments are not bank deposits and involve risks, including the possible loss of the principal amount invested. Investors investing in investment products denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Unit prices may go down as well as up. Past performance is not indicative of future performance. Unless specified, these investments are not obligations of, guaranteed or insured by Citibank (Hong Kong) Limited, Citibank N.A., Citigroup Inc. or any of its affiliates or subsidiaries, or by any local government or insurance agency. Investment products are not available to US persons and might only be applicable to limited jurisdictions. Potential investors should consider if an investment is suitable for them in the light of their own financial position, investment objectives and risk profile. For details, please refer to the Principal Brochure and the Product Key Facts statement of Gold Manager. The English version shall prevail when there is a discrepancy between the English and the Chinese versions.