Royal Mint Goes For Gold

The Royal Mint is launching a new exchange-traded product (ETP) backed by gold stored in its vaults in South Wales. This product enters a crowded market but offers unique features such as the ability to redeem for physical gold. The Royal Mint's heritage and security appeal to retail investors, especially during uncertain times like the coronavirus pandemic. The ETP is cost-effective, negating storage costs and offering a tight bid-offer spread. It is launched on a white label platform, making it accessible to those without large ETF platforms.

What significant step has the Royal Mint taken in its 1000-year history?

• Issuing a new currency

• Launching a gold-backed exchange-traded product

• Partnering with a foreign mint

• Opening a new minting facility

What makes the Royal Mint's new ETF particularly appealing to retail investors?

• It is the first ETF in the market

• It allows exchange for physical gold

• It offers high returns

• It is backed by cryptocurrency

How does the Royal Mint's ETF provide cost benefits to investors?

• By offering free trading

• By offering high dividends

• By providing tax exemptions

• By eliminating storage costs

What platform is the Royal Mint's ETF launched on?

• A white label platform

• A private banking platform

• A cryptocurrency platform

• A government platform

Why might the Royal Mint's ETF capture a lot of retail flow?

• Due to its exclusive availability to institutions

• Because it is the only ETF available

• Because of its association with a trusted name

• Due to its high interest rates