According to FRA Chairman Dr. Mohamed Farid, a fund dedicated to investing in precious metals will be launched in Egypt within weeks.
The fund will offer investors the opportunity to invest in gold without physically owning and storing the metal. Instead, investors can purchase a unit of the fund that represents a specific quantity of gold.
Gold is recognized worldwide as a safeguard against inflation, making it an attractive asset for investors during times of turmoil.
The size of the fund or the organization responsible for its issuance was not disclosed by Dr. Farid.
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