Definition, Meaning & Synonyms
gold-bond
noun
/ɡoʊld bɑnd/
Definition
A gold bond is a type of fixed-income security that is backed by gold bullion or gold reserves.
Examples
- Investors often turn to gold-bonds during inflationary periods to safeguard their wealth.
- The gold-bond market has seen significant growth as more people seek tangible assets.
Meaning
It represents an investment where the returns and principal are secured by gold, making it a safer option in times of economic uncertainty.
Synonyms
- gold-backed security
- gold note
