Gold Investments

 

What are some of the best gold ETFs and ETCs?

Wisdom Tree Physical Gold is a physically backed gold ETC that comes in two flavours. LSE:PHGP is denominated in sterling and is backed by physical allocated gold held by HSBC Bank. It has an ongoing charge of 0.39%. LSE:PHAU is essentially the same fund denominated in US dollars and carries the same ongoing charge of 0.39%. 

If you’d rather have your gold stored in Switzerland, the WisdomTree Physical Swiss Gold ETC (LSE: SGBS) stores its gold in secure vaults in Zurich on behalf of JPMorgan Chase Bank. The ongoing charge is 0.15%.

The iShares Physical Gold ETC (LSE: SGLN) invests in physical gold kept by JPMorgan Chase Bank in London. The ongoing charge is 0.12%

A more recent fund is HANetf Royal Mint Responsibly Sourced Physical Gold (LSE: RMAP) which holds allocated gold held by the Royal Mint in Wales. 

The fund aims to hold gold sourced on a “best endeavour” basis that ensures the metal does not come from conflict zones. Investors can redeem their gold in the form of bars or bullion coins. The ongoing charge is 0.22%.

All of the above funds can be held in an Isa and a Sipp.

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