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UK's Royal Mint plans first stock exchange product with gold ETF

derrybderryb Posts: 36,943 ✭✭✭✭✭
in Precious Metals

The Royal Mint plans to launch its first gold exchange traded fund in response to rising demand from investors that has pushed holdings in bullion-backed exchange-traded funds close to a record.

"It's not yet clear whether the fund will enable investors to withdraw gold from the Royal Mint vault or whether the fund will be just another paper hallucination to divert demand away from real metal."

The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

Comments

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    If ya cant beat em, join em.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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