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One year on, AMG’s gold-backed certificates hog limelight

All NewsFeatures

One year on, AMG’s gold-backed certificates hog limelight

Exactly one year after the African Medallion Group (AMG) introduced aUS$1 billion gold-backed bond certificate, selling certificates backedby gold ingots as a savings mechanism, the start-up has experienced a high inflow of investor interest. The South African gold medallion firm, owned by Zimbabwean entrepreneur Frank Buyanga, last April launched a fully gold-backedbond certificate, which allows…

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