ETFS Physical Gold
ASX Code: GOLD
ETFS Physical Gold (ASX Code: GOLD) offers low-cost access to physical gold via the stock exchange and avoids the need for investors to personally store their own bullion.
GOLD offers investors a simple, cost-efficient and secure way to access gold by providing a return equivalent to the movements in the Australian dollar price of gold less a daily management fee.
GOLD is backed by physically allocated gold bullion held by JPMorgan Chase Bank, N.A. (the Custodian) in London. Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated which means there is no credit risk. Investors can choose to redeem units for the physical holdings.
GOLD is an exchange traded product (ETP) that can be created and redeemed on demand (by Authorised Participants). It trades on the stock exchange just like a share and is settled and held in ordinary brokerage accounts.
Why consider GOLD
Traditionally used as a store of value and is often seen as a hedge against inflation.
Typically uncorrelated with other asset classes and is commonly used for portfolio diversification.
Can be used for portfolio protection as a hedge against market volatility.
The physical gold bullion for GOLD is held in the vault(s) of JPMorgan Chase Bank, N.A. in London. The vault is audited twice a year by the auditor Inspectorate. All audit reports are made available in the resources section below. Each gold bar in the vault is itemised in a bar-list which is also available in the resources section below.
Each unit in GOLD comes with an entitlement to an amount of physical bullion. This amount was 0.093512543 fine troy ounces as at 1 January 2021. The entitlement is reduced daily by a management fee of 0.40% per an