The Royal Mint lists physically backed Gold ETC

Securities can be redeemed for physical gold

The Royal Mint, in partnership with HANetf, will later this week list the Royal Mint Physical Gold Securities ETC (RMAU) on the London Stock Exchange.

RMAU is the first listed financial product to be backed by The Royal Mint and also the first physically backed gold ETC, which will allow investors to redeem their securities for physical gold bars and coins. Tracking the physical price of gold, RMAU seeks to allow investors easy access to the gold market. Gold outlook 2020: Geopolitics to dictate price outlook The ETC is 100% backed by London Bullion Market Association (LBMA) good delivery bars and the physical gold will be stored in The Royal Mint's purpose-built vault. When redeemed, investors have the option to keep the gold st...