24hgold.com reports in “UK’s Royal Mint will sell pension investors gold they can never see” that,
“The Royal Mint in England is to open up its gold vaults to UK pension investors. The Royal Mint will make some of its gold bars available to investors wanting to hold it in tax-efficient pension pots.
“For UK citizens, this is the first time that Royal Mint gold bullion has been authorised by HM [Her Majesty’s] Revenue & Customs . . . for holding in specific pensions.
“Investors are to be offered a choice of bullion, from Royal Mint Refinery 100-gram and 1-kilogram bars, to Signature Gold—a service that allows customers to purchase and own a share of a 400-ounce gold bar.”
Sounds pretty good. However, here comes the punch line:
“Pension investors purchasing gold bars through the Royal Mint will not be able to take delivery of their purchases as they will be placed in storage in ‘The Vault,’ the Royal Mint’s secure storage facility in Wales.”
And, according to the title of the article, pension investors won’t be able to even see the gold they’ve allegedly purchased.