Amid economic uncertainties, investors often seek stability and diversification, and with gold recently reaching a new all-time high, investors and the financial world have been paying more attention to its price movements, the gold market and the factors that influence the yellow metal.
In April, The Royal Mint’s Precious Metals Investment team returned to The Royal Mint’s spiritual home, the Tower of London, to host an event for clients and partners to explore the world of gold investment.
Bringing together industry experts, financial professionals and investors for insightful discussions and networking, ‘The History and Future of Gold’ aimed to offer a deep understanding of gold investment, featuring three sessions covering different precious metal products, influencing factors and market dynamics.
A morning session in partnership with the Chartered Institute of Securities & Investment (CISI) focused on The Royal Mint’s Gold for Pensions offering and highlighted the potential benefits of incorporating gold into SIPP and SSAS pension portfolios for long-term wealth preservation and risk mitigation. The Royal Mint’s Gold for Pensions offering has doubled in client assets within the last three years. To learn more, visit royalmint.com/invest/gold-for-pensions/
An afternoon session in collaboration with HANetf, The Royal Mint’s trusted partner on RMAU – our gold-backed exchange-traded commodity (ETC) – focused on the growth of RMAU and sustainability within precious metals. Following a recent $43 million inflow, the recycled bar allocation within the RMAU offering is now at 50%. The majority of the gold bars backing our gold fund are now made from 100%-certified recycled post-2019 LBMA Good Delivery bars, all of non-Russian origin. Find out more at www.royalmint.com/invest/goldetc/
The evening session brought together a select group of Royal Mint customers, partners, concierge services and private banks, providing a unique platform for intimate discussions and networking opportunities. For more details about The Royal Mint’s Account Management service, visit royalmint.com/bullion-account/invest-account-management/
Andrew Dickey, Divisional Director of Precious Metals at The Royal Mint, said: “It was such a privilege to be able to work with our partners to hold this calibre of event at our spiritual home, the Tower of London. Investors and commentators are looking ever-increasingly towards gold, with many commenting that they consider gold’s current price and future forecasted trajectory more than justifies its place in a balanced portfolio. I would like to extend my thanks to all attendees for their presence and engagement throughout the day.”
Attendees also heard from Dr David Mason, Public Engagement and Information Officer from The Royal Mint Museum, who offered a historical perspective on The Royal Mint's link to the Tower, exploring how the foundations of the original maker and the production of precious metals developed within its walls.
One of the highlight speakers of the event was John Reade, Senior Market Strategist at the World Gold Council (WGC), whose expert analysis and forecasts provided attendees with invaluable insights to assist with navigating the complexities of the gold market and seizing emerging opportunities.
John highlighted how gold has outperformed all major asset classes in 2024, with a nearly 12% return, and how the precious metal has achieved record highs in key global currencies. He also gave his opinion on the outlook for gold in 2024 and the role of political sanctions on central bank buying, touching on why cuts to United States interest rates could be good for gold and how upcoming geopolitical events could provide event risk and volatility to the metal. To read more about the WGC’s latest Gold Demand Trends, visit gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2024
In an era defined by economic uncertainty and market volatility, many investors continue to consider gold to be a beacon of stability and an opportunity for investors seeking to safeguard their wealth and diversify their portfolios. To speak to our Account Management team about expanding your gold portfolio, please visit royalmint.com/invest/wealth-management/
Notes
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