RMAU - The Royal Mint Physical Gold ETC
RMAU - The Royal Mint Physical Gold ETC
https://www.hanetf.com/product/7/fund/the-royal-mint-physical-gold-etc-securities
The first gold ETC to be launched in partnership with a European Sovereign Mint.
The ETC is partially backed by recycled gold bars.
Ticker - RMAU
The Royal Mint Physical Gold ETC (RMAU) tracks the spot price of physical gold and is designed to offer investors an effective way to access the gold market.
It is the first financial product to be sponsored by The Royal Mint and the first gold ETC to be launched in partnership with a European Sovereign Mint.
It is custodied at the Mint rather than a bank’s vault. Uniquely retail investors can redeem for physical bars and coins.
Part of the gold custodied by the ETC will be 100% recycled gold bars. Recycled gold is less carbon intensive than mined gold.
The Royal Mint Physical Gold ETC is backed by London Bullion Market Association (LBMA) Good Delivery bars held on a segregated basis. The gold is stored and guarded in The Royal Mint's highly secure vault in Llantrisant, Cardiff.
The bars held are 100% in compliance with the LBMA’s 2019 Responsible Sourcing guidelines. The highest responsible sourcing standard available.
Gold is a good investment to fight inflation.
A business suit costs one ounce of gold in the 1920 as in 2020, you should have between 5-10% in your portfolio.
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