While bankers are going through hoops to sell structured financial products to retail investors, UK private investors can now buy one of the oldest and simplest commodities in the world – gold.
On December 9, Gold Bullion Securities launched its gold-backed securities (GBS), listed and traded on the London Stock Exchange.
Gold Bullion Securities is two-thirds owned by the World Gold Council, a trade association through which the world’s leading gold producers promote investment in the yellow metal.
A gold-backed security is essentially a receipt giving individuals an entitlement to physical gold.
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