Monetary Metals announced that the first gold bond issued in the United States in 87 years has matured. Investors have received back their gold principal, plus the interest they earned in gold. The bond had a one-year term, and the interest rate on invested gold was 13 percent.
Keith Weiner, the CEO of Monetary Metals, commented, “In this age of rampant speculation, gold investments that pay interest in gold reward investors with stability and yield. The first gold bond is one small step for gold investors, and one giant leap for the gold standard.”