Dear Traders!
We are happy to introduce a new amazing service – Gold Accounts!
Admiral
Markets Gold Accounts are designed as MetaTrader4 trading accounts denominated in gold. Gold Accounts are available for all customers, which is, beyond question, a considerable investment opportunity for every trader at all times. Gold (Aurum) is the most popular precious metal either in common life and financial world, as it is the primary component of the reserve funds managed by central banks. Without being a circulating medium, Aurum remains to be one of the most important elements in the periodic system as a vital commodity for various industrial applications.
It was an honour for us to announce the startup of this product in July 2009, on the 65th anniversary of the UN Monetary and Financial Conference which was held in Bretton Woods in July 1944 and became a momentous event in the world's finance history.
The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value
– plus or minus one percent – in terms of gold. US dollar value was fixed at $35 per 1 gold oz, so USD became the only currency which was still fully backed by the metal.
While Bretton Woods started a transition period from the Gold Standard to the age of FOREX, Admiral Markets gives the Gold Standard a rebirth in the form of Gold Accounts, which allow customers to hold their funds in gold of fineness .995!
While financial markets suffered from the excess volatility and major currency
rates moved unpredictably, Gold Spot was gradually reinforcing its uptrend. It
is worth mentioning that starting from the Millennium in 2001 and until today
the Gold Spot rate gained nearly 270%, which is about 30% annually.
1 troy oz=31.10348 g. Let us suggest you have funded your AML Gold Account on January 2005 in amount of $1000, which was equal to 2.44 troy oz; 4 years later, in January 2009, you were able to sell the same amount of gold for $2300! Too bad there was nothing alike this service ever before!
Gold Accounts are denominated in Gold Units, which are quoted by Admiral Markets in the MetaTrader4 platform as XAUUSD. XAU is an international finance symbol of the chemical element Au (Aurum). XAUUSD is a synthetic currency pair quoted in real-time as 1/1000 of the GOLD rate, which represents the price of 1 troy oz.
Gold Accounts can be funded by all available methods in all accepted currencies. Incoming deposits are exchanged into Gold Units at the current XAUUSD rate or applicable cross-rates. And vice versa when applied to withdrawal of funds: you can choose any available currency to be withdrawn, and next the transfer amount is calculated using the current XAUUSD rate or applicable cross-rates. In technical aspect, XAUUSD is a standard currency pair, so every parameter of your Gold Account (such as Equity, P/L, Free Margin etc) can be calculated in real-time just like it does with any other base currency.
For more information about this service please visit the Gold Accounts
webpage.
