Yes According to the inquiry of Alipay official website, the gold in Alipay is a gold etf, and the gold index fund is connected with Bosera Gold etf and Huaan Yifu Gold ETF. Gold fund is an investment tool. By entrusting funds to professional fund managers, you can invest in various markets such as stocks, bonds and currencies to obtain market returns. Therefore, Alipay can make money by buying gold funds.