Swap your gold shares for coins

Posted in the Top Stories Forum

Since: Aug 13

London, UK

#1 Aug 27, 2013
Exchange traded funds have mushroomed in recent years as a highly popular way for private investors to own gold. Real holdings of gold, stored in bank vaults, are represented by shares which trade daily on the London Stock Exchange. This makes it possible for investors to buy and sell cheaply and in relatively small quantities.

Investors can choose to receive Britannias or Sovereigns, at a cost of 4.5pc per transaction. Britannias are made from one troy ounce and minted from 22 carat gold, while Sovereigns weigh just under a quarter a troy ounce.

http://www.scribd.com/doc/163396868/Swap-your...

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