The gold market may have seen some turbulent months as prices fell sharply from $2000 an ounce. However, investment demand for gold has remained strong as the Royal Mint sees strong demand for gold-backed exchange-traded commodities (ETC).
In a report published last week, Hantef said that Royal Mint Physical Gold ETC (RM8U) It topped $600 million in assets under management on April 29, an increase of 115 percent so far.
ETC has seen its gold holdings increase this year
Analysts note that the gold market has seen strong investment demand until 2022, driven by rising inflationary pressures and geopolitical uncertainty due to the ongoing Russian war in Ukraine. The invasion affected Europe in particular as disruptions in the global supply chain drove food and energy prices to record levels. Rising inflation threatened to push Europe into recession, according to some economists.
“It is clear that gold has become more attractive in recent months due to the economic and geopolitical background.” Hector McNeil, co-CEO of HANetf, says in a statement to Kitco News.
“we launched The Royal Mint Physical Gold ETC (RM8U) Just two years ago. We are excited to see it surpass $600 million in assets under management in such a short time. Gold will always be an asset of interest to investors looking for a diversified world with a diversified world In a turbulent place, whether it’s the pandemic, inflation or the outbreak of war in Europe, this precious metal is likely to have more appeal to those looking for some form of insurance.” McNeills said in a separate press release.
However, McNeil added that demand for the RM8U also goes beyond the traditional haven of gold. The box also includes recycled gold as part of its contract. Referring to a report from the United Nations, HANetf said that 53.6 million tons of e-waste was generated in 2019 and that only a sixth was recycled.
“Investors want environmentally friendly solutions and by offering recycled gold to RMAU we believe we have delivered this,” McNeill says. “The RM8U recycled gold function should be viewed as part of circular economy growth. According to Goldman Sachs, circular economy solutions can help reduce global greenhouse gas emissions by 39%.”
Combined with its green footprint, which helps RM8U stand out in the crowded paper market, is the fact that it is the number one financial product sponsored by The Royal Mint. Atkins He went Also stored in the Royal Mints vault.
“Royal Mints’ commitment means that ETC has greater control over its supply chain.” in McNeill.
RM8U Trading etc
HANetf The Royal Mint Physical Gold ETC Securities (RM8U ETC) It is a fund that is traded on the European Stock Exchange and is traded on the London Stock Exchange and Germany’s Xetra, among others.
This means that it is possible to trade units in this ETF through most Swedish banks and online brokers, for example DejeroAnd nordnet And keep it up.