Overview
Description
The Royal Mint Responsibly Sourced Physical Gold ETC is an exchange traded commodity designed to provide direct exposure to the price of physical gold. This product is uniquely structured to be backed 100% by physical, responsibly sourced gold bars that meet London Bullion Market Association (LBMA) Good Delivery standards, held securely in vaults operated by The Royal Mint in Wales. A notable feature is its commitment to sustainability, targeting over 50% of its gold holdings to be composed of recycled bars, reflecting an increasing industry focus on ethical sourcing practices. Investors can track the gold spot price through this ETC without arranging their own storage or insurance, and have the option to redeem their investment for physical gold bars or coins delivered by The Royal Mint. The ETC is issued in Ireland, structured as a debt instrument, and operates with a physical replication model. Its market role is to combine the liquidity and accessibility of listed securities with the assurance and tangibility of allocated physical gold ownership, catering to both retail and institutional market participants seeking efficient gold market access.
About
Instrument type
Common stock
Sector
Industry
Country
United Kingdom
MIC code
XLON