Royal Mint offering Gold trading services to SIPP Investors


 
The Royal Mint in the UK is now offering the option to trade gold through their pension schemes.

Through a trading website, Sipp and SSAS investors will be able to choose from the Mint’s different bullion holdings through two options. Via the Royal Mint Refinery they will be able to buy 100 gram and 1 kilogram bars while through Signature Gold service, customers will be able to purchase and own a fractional amount of a 400 ounce gold bar. The gold will be stored at the Royal Mint’s own bullion vault.
 

The cost for this is 1% per annum to store the gold at the Royal Mint Refinery as gold bullion bars. The storage fee for the Signature Gold service is 0.5%, both charges being based on the average daily market value of the gold being held in the vault.
 

Chris Howard, director of bullion at the Royal Mint, states that: ‘The Royal Mint benefits from a centuries-old reputation as a trusted bullion provider and manufacturer of coins on a global scale.
 
‘The move to make Royal Mint gold bullion available for holding within pension schemes opens us up to a whole new marketplace. This is a natural progression in The Royal Mint’s aim to provide the complete one stop bullion solution.’