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.

Why is the heritage of the Royal Mint significant for the new ETF product?

What advantages does the new ETF offer in terms of cost and accessibility?