As of 03/10/2023
Product Overview
The Royal Mint Responsibly Sourced 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, whilst also being shariah compliant.
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 Responsibly Sourced 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.
The Royal Mint won Best Physical Gold ETP Issuer (USD 100m+) at the ETF Express European Awards 2021 following its launch in February 2020
Following the 2022 Russian invasion of Ukraine, all gold bars of Russian origin were removed from the ETC.
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Why Invest in RMAU Gold ETC?
Gold held in custody at The Royal Mint, Wales:
RMAU Gold is held in custody at The Royal Mint’s highly secure vault in Llantrisant, Wales. Operating outside of the London banking and clearance systems, RMAU provides an attractive option for investors seeking real diversification in their gold custody arrangements and is the only gold ETC to provide this.
Responsible sourcing of gold:
RMAU is backed by LBMA good delivery bars that are sourced on a best endeavour basis from the LBMA’s Responsible Sourcing program to assure investors that the gold is from conflict-free, legal sources.
Recycled Gold:
Part of the gold custodied by the ETC will be 100% recycled gold bars. Recycled gold is less carbon intensive than mined gold.
Physical gold redemption:
Investors in RMAU are able to redeem the RMAU gold ETC for physical gold bars or bullion coins – a feature unique to RMAU. Storage and delivery of the physical gold is provided by The Royal Mint.
Shariah Compliant:
The Royal Mint Responsibly Sourced Physical Gold ETC has been endorsed as sharia compliant, following a review by Amanie Advisors, a well-respected shariah advisory firm.
Risks
Investors' capital is at risk and investors may not get back the amount
originally invested and should obtain independent advice before
making a decision.
Any decision to invest should be based on the information contained in
the relevant prospectus.
ETC securities are structured as debt securities and not as shares
(equity).
ETC securities trade on exchanges like securities and are bought and
sold at market prices which may be different to the net asset value of
the ETC securities.