Real gold as pension coin makers

Real gold as pension coin makers

World June 10, 2016 02:33

- Goudgerand pension for British employees of coin maker Royal Mint. As part of their pension they are allowed to invest only in physical gold.

The British thus respond to an expected surge in demand for gold. At retirement, the gold price would have risen to such an extent that they can celebrate a good old age.

Royal Mint is owned by the British government falls within Her Majesty's Treasury and has a monopoly on the minting of all coins since 2010.
  
    
     
      
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Many asset managers in the City of London currently also use gold to protect themselves against shocks on the money markets.

The possible withdrawal of Britain from the European Union in the referendum on June 23 allows for large outflow of capital and the reduction of interests in funds in the UK.

Typically, investments in gold relatively expensive because the insurance and sturdy storage costs. The complex Royal Mint, once housed in the Tower Bridge in 1968 and relocated to the mountains in Llantrisant in Wales, is itself heavily protected.
  
  
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In the Netherlands, the use of gold by pension issue. The pension fund United Glasfabrieken looked just like the British bread, and wanted to hold gold bullion as an investment.

In 2009, the fund increased its stake in gold to 13%. That was discouraged by the Dutch Central Bank, which wanted no more than 3% of gold as part of all investments in the vault would be lying around.

The pension fund claimed to have suffered millions of damage and went to the College for Business and demanded that € 4.8 million fee. That was the end of April by the Board as the highest appellate body for companies rejected.

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