Question

Which of the following is a common method of buying bullion?

1) Purchasing bullion from a pawn shop.

2) Investing in a bullion-backed exchange-traded fund (ETF).

A 1 only Correct Answer Incorrect Answer
B 2 only Correct Answer Incorrect Answer
C Both 1 and 2 Correct Answer Incorrect Answer
D Neither 1 nor 2 Correct Answer Incorrect Answer
E Both are partially correct Correct Answer Incorrect Answer

Solution

Purchasing bullion from a pawn shop is not a common method of buying bullion as the authenticity and purity of the bullion may be difficult to verify. Investing in a bullion-backed ETF, on the other hand, is a common and convenient method of buying bullion.

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