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UK Royal Mint Wants To Expand Bullion Saving

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The British Royal Mint on Monday launched an online bullion trading service in a bid to attract investors to the precious metal.

Gold will now be as accessible to investors as a savings account, according to the Royal Mint.
The Royal Mint’s website offers several kinds of coins which customers can buy within a few minutes. The flagship “Sovereign” is a 22-carat gold coin currently selling for just over $300.
The Royal Mint says it will offer gold at the “best possible prices.”

It hopes to attract ordinary savers by making buying gold easily accessible.

“We want to help expand the bullion market in the U.K., particularly as coins offer a relatively affordable introduction,” said the Royal Mint’s director of commemorative coins and bullion, Shane Bissett.

Buyers can have their coins sent to their home, or — if they buy more than 25 — stored within the Royal Mint’s vaults, which are guarded by the U.K. Ministry of Defence.

The Mint said that according to the World Gold Council, the gold market could attract up to $6.5 billion in investments from the U.K. alone if it was easier to access.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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