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WordNet-Online
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Definitions from WordNet
Noun paper gold has 1 sense
- special drawing rights, paper gold - reserve assets in the International Monetary Fund; designed to supplement reserves of gold and convertible currencies used to maintain stability in the foreign exchange market
--1 is a kind of reserve assets
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Definitions from the Web
Term: Paper Gold
Description:
Paper gold refers to a financial instrument that represents ownership or entitlement to a certain amount of gold, but does not involve physical possession of the precious metal. It is typically in the form of certificates or electronic records.
Sample Sentences:
- Investors often turn to paper gold as a convenient means of participating in the gold market without the need for physical storage.
- Trading in paper gold has witnessed significant growth in recent years due to its ease of transfer and potential for profit.
- There are various ways to invest in paper gold, such as gold ETFs (Exchange-Traded Funds) and gold-backed securities.
- Many individuals prefer paper gold over physical gold due to its liquidity and ability to be easily converted into cash.
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