Xetra-Gold’s Gold Holdings Decrease by 31.5 Tonnes in 2023, Remains a Long-term Investment Choice

Xetra-Gold’s Gold Holdings Decrease by 31.5 Tonnes in 2023, Remains a Long-term Investment Choice

(IN BRIEF) The gold holdings of Xetra-Gold, Europe’s largest physically backed gold security, decreased to 198.7 tonnes by the end of 2023, marking a 31.5-tonne reduction over the year. Despite short-term yield opportunities and a record-high gold price in euros, the issuer Deutsche Börse Commodities GmbH emphasizes that gold remains an attractive long-term investment with a stable value. Xetra-Gold is the fifth-largest gold ETF globally and continues to provide investors with the opportunity to hold and redeem physical gold, offering assets under custody of €11.9 billion as of year-end 2023.

(PRESS RELEASE) FRANKFURT, 5-Jan-2024 — /EuropaWire/ — The gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) decreased to 198.7 tonnes at the end of the year 2023. This is a reduction of 31.5 tonnes over the course of the year. At the beginning of 2023, the volume was at 230.2 tonnes of gold. On a five-year view, there is an increase of 9.1 tonnes.

“The way our gold holdings have developed in 2023 is caused by a normal reaction of investors to the market environment. The turnaround in interest rates has created new, short-term yield opportunities. In addition, the gold price in euros was higher than ever before. In our view, however, gold remains an interesting long-term investment with a stable value and is an essential addition to any well-structured portfolio”, says Michael König, Managing Director of Deutsche Börse Commodities GmbH, the issuer of Xetra-Gold.

Xetra-Gold is the fifth-largest gold ETC in the world and the leading physically backed gold security in Europe. Xetra-Gold holdings always increase whenever investors buy Xetra-Gold shares on the stock markets. For each share certificate, exactly one gram of gold is deposited in the central vault. Xetra-Gold’s assets under custody amounted to €11.9 billion at the end of the year.

Xetra-Gold investors are entitled to the delivery of the securitised physical gold. Since the launch of Xetra-Gold in 2007, investors have made use of this right 1,819 times. To date, 7.9 tonnes of gold have been delivered.

In September 2015, the German Federal Fiscal Court determined that gains from the sale or redemption of Xetra-Gold after a minimum holding period of one year would not be subject to withholding tax. Thus, the purchase and redemption or selling of Xetra-Gold is to be assessed for tax purposes as a direct purchase and sale of physical gold – such as gold bars or gold coins.

Xetra-Gold is issued by Deutsche Börse Commodities GmbH, a joint venture of Deutsche Börse AG and Commerzbank AG, Deutsche Bank AG, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, B. Metzler seel. Sohn & Co. AG and Vontobel Beteiligungen AG. Umicore AG & Co. KG, a group subsidiary of Umicore S.A., is also involved.

Further information can be found at www.xetra-gold.com.

About Xetra-Gold

Xetra-Gold® (ISIN: DE000A0S9GB0) is a bearer bond issued by Deutsche Börse Commodities GmbH, 100 percent backed by gold, which securitizes a delivery claim to physical gold. Each individual Xetra-Gold note grants the investor the right to require the issuer to deliver one gram of gold. For Xetra-Gold notes, the Issuer maintains a corresponding amount of gold in physical form and, to a limited extent, in the form of book gold claims. In the form of a security, Xetra-Gold is fungible and as easily transferable as a share. In addition to Germany, Xetra-Gold is authorized for public distribution in Denmark, Finland, Luxembourg, the Netherlands, Norway, Austria, Sweden and the United Kingdom. The complete and legally binding information on the Xetra-Gold bearer bonds can be found in the key information document and the prospectus together with any supplements and the terms and conditions of issue. Investors can obtain these documents free of charge from Deutsche Börse Commodities GmbH, Mergenthalerallee 61, 65760 Eschborn, Germany, or download them from www.xetra-gold.com/downloads.

About Deutsche Börse Commodities GmbH

The Xetra-Gold Issuer Deutsche Börse Commodities GmbH with its registered office in Eschborn is a joint venture of B. Metzler seel. Sohn & Co. AG, Commerzbank Aktiengesellschaft, Deutsche Bank AG, Deutsche Börse AG, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Umicore AG & Co. KG and Vontobel Beteiligungen AG. Umicore AG & Co. KG is a subsidiary of Umicore S.A., which operates several gold refineries worldwide and produces gold bars. The issuer’s sole business purpose is to provide the market with the 100 percent gold backed Xetra-Gold bond and to enable efficient, transparent and cost-effective trading of this physical form of gold securitisation.

Media Contact:

media-relations@deutsche-boerse.com

SOURCE: Deutsche Börse Group