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Hi,
Please do take note that for this particular ETC, although it is stated that it is backed by gold, settlement of the ETC will be in CASH. This is stated in the last line of the product fact sheet under “Physical Replication”.
This means that investors are NOT able to receive physical gold as settlement.
If one is looking into this ETC for pure cash gains, this will be a non-issue.
However, should one be looking for the protection that physical gold offers against fiat currencies defaulting, this is an issue and one is better off buying physical gold direct.
Thank you for reading.
Cheers 🙂
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