Wondered if there was any views on this:
http://www.telegraph.co.uk/business/201 ... lockchain/
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Royal Mint trading platform
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- 2 Lemon pips
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Re: Royal Mint trading platform
Hampshirelad wrote:Wondered if there was any views on this:
http://www.telegraph.co.uk/business/201 ... lockchain/
Blockchain? avoid is my usual response when BC is mentioned because as much as I’ve looked at it I don’t understand it.
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Re: Royal Mint trading platform
The question was asked on 2016. Looks like the idea was frozen in 2018
https://www.marketscreener.com/CME-GROUP-3782767/news/Wary-of-crypto-UK-government-blocks-Royal-Mint-s-digital-gold-27484088/
https://www.marketscreener.com/CME-GROUP-3782767/news/Wary-of-crypto-UK-government-blocks-Royal-Mint-s-digital-gold-27484088/
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Re: Royal Mint trading platform
They now have a gold etc RMAU the gold will be stored onsite in the vault and the fee is 0.22%
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Re: Royal Mint trading platform
RMAU is still not yet UK Reporting Registered (still pending)
My understanding is that if a fund isn't reporting registered at any time during the period you hold it, then the gains for the entire holding period are counted as income, not capital gains (or capital losses that might be used to offset gains elsewhere). So generally a no-go until the UK Reporting Registered status is progressed to having been registered/approved (excepting if being held in ISA or SIPP).
My understanding is that if a fund isn't reporting registered at any time during the period you hold it, then the gains for the entire holding period are counted as income, not capital gains (or capital losses that might be used to offset gains elsewhere). So generally a no-go until the UK Reporting Registered status is progressed to having been registered/approved (excepting if being held in ISA or SIPP).
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- Lemon Quarter
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Re: Royal Mint trading platform
Ah! I stand corrected. It is now Reporting Registered. https://www.diyinvestor.net/han-etf/
Also in the prospectus ...
My highlighting (no greater than €600 redemption fee). And where redemption can be either bars or coins (that presumably are sourced from a reliable vault (Royal Mints Cardiff vault - 3 hours out from London)). Perhaps better/safer than buying Options and taking physical delivery at the Options expiry.
Also in the prospectus ...
Does it cost me money to redeem my Metal Securities?
There are no Redemption Fees if a Securityholder sells its
Metal Securities in the secondary market.
However, if a Securityholder redeems the Metal Securities
directly from the Issuer, a Redemption Fee applies. The cost
of a Redemption varies depending on the type of
Redemption and the nature of the Securityholder. In the
case of an Optional Redemption, Metal Securityholders who
are not Authorised Participants will be notified of the
applicable fee upon redemption, which will not be greater
than €600.
My highlighting (no greater than €600 redemption fee). And where redemption can be either bars or coins (that presumably are sourced from a reliable vault (Royal Mints Cardiff vault - 3 hours out from London)). Perhaps better/safer than buying Options and taking physical delivery at the Options expiry.
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