Can I buy gold on COMEX?
Yes, Swissquote Bank allows you to gain exposure to gold through their eTrading platform, specifically through a product called Spot Gold (XAU). This allows you to buy fractional ounces of gold directly at the current spot price, which is integrated as a new currency in your multi-currency account. While the gold you purchase is physically backed by the bank—meaning Swissquote purchases actual metal on the Loco Zürich gold market—it is considered "unallocated," which represents your undivided, fractional interest in the physical gold owned by the bank. Please note that this is an investment service: you cannot transfer this gold in or out of your account, and Swissquote does not offer physical delivery of your position. This method is suited for those looking to speculate on short-term price changes or hold gold as a long-term strategic asset without the need for private storage.
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