Gold is a perfect example of why financial literacy matters.

You can encounter gold through:

Physical gold.
Gold-backed products.
Tokenized gold.
Gold futures.
Gold perpetual contracts.

They all relate to the same underlying commodity.

But they don't give you the same rights, ownership structure, settlement or risk.

So when someone says:

"I trade gold."

The next question should be:

"How?"

The instrument matters.

Learn the mechanics before making assumptions.

@Binance Academy
#Gold
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