Wt Phys Gold � Discussion Threads

[divmad] 19/5/2020 07:01

I've finally got it. 100 shares of rmap entitled the owner to 1oz of gold for physical delivery basis Royal Mint Cardiff.

[action] 18/5/2020 23:24

Spot price of gold

[action] 18/5/2020 23:23

PHGP says sport price times metal entitlement which changes based on fund daily charges. Not clear how much.

[action] 18/5/2020 23:12

RMAP for one ounce of gold in stg.RMAU FOR 1/100 TROY OUNCE price in USD. I hope this helps. So one unit RMAP in one full TROY ounce I.e 31.103 gram.

[toffeeman] 18/5/2020 18:00

I hope that brief dalliance at 13800 is not it!

[action] 18/5/2020 16:24

Also look up usd unit to compare with stg one.

[action] 18/5/2020 16:22

Troy ounce is 31.10 gram.I read it what the unit ETC represent . You may be able to find it from web pages their Prosperous as it just came in market in Feb20. Happy do far with quoted prices which are always within windows. Not like PHGP which vast but never quote within quoted windows.

[toffeeman] 18/5/2020 08:17

Well it has hit my 13800 target -

Divmad I don't relate the price to AU directly - it's a stock so is priced by supply and demand and it doesn't matter how it equates.

[divmad] 18/5/2020 06:45

As for phgp, I still can't figure out what £13800 each share represents!

[divmad] 18/5/2020 06:43

Action, but the price of rmap on the close on Friday was £1441. That suggests a share represents 1oz of Gold, not 1/100th.

[action] 17/5/2020 11:54

Sorry RMAP in stg.

[action] 17/5/2020 11:51

RMAU in USD and RMPG in Gbp.

[action] 17/5/2020 11:02

Compare to PHGP charges .58% .Spread .45%.Looks RMAU is cheaper on all counts . It is new listing from FEB20. DYOR as always.

[action] 17/5/2020 11:00

Charges for RMAU is .44%.Spread .07%

[action] 17/5/2020 09:54

Another one I just come across is Royal mint physical gold etc RMAU where one etc is 1/100 of troy ounce of gold. Not sure about charges though.

[action] 17/5/2020 09:22

Try to buy silver ETF which I recon more riskier but more rewarding compare to gold. Also try to combine your trade with gold and silver shares as there is always anomalies in market at any given point.

[action] 17/5/2020 09:19

No idea but I trade on both physical etf for gold which are listed in market and buy the one which is cheaper in spread as most of the time PHGP spread for buy and sale are always away from quoted spread ie when you want to buy it is too high and viseversa.

[divmad] 17/5/2020 06:59

How do I relate a share in phgp to an ounce of Gold priced in GBP? The current price of Au in GBP is £1440, which is above the quoted spread of phgp.

[action] 15/5/2020 20:58

Do not sale out completely. Keep some exposure .

[toffeeman] 15/5/2020 17:56

Looks like 13800 next week.

I have decided to let it run and when it's safely through 14000 set a stop at 13800.

Have a good weekend

[action] 14/5/2020 16:57

90% is buy today. May have to wait for next week

[toffeeman] 14/5/2020 11:01

New highs

Will we see 13800 (Inv H&S target)?

If so what should I do?!!

Stop loss?

Not sure where I would move the investment. Hmmmm

[toffeeman] 12/5/2020 16:16

Normally goes up in the morning and then drops when the US opens - not today!

[action] 05/5/2020 16:03

Emerging market countries are facing crisis due to COVID19. (So far 3 countries reported to be in dire state).Time to keep some exposure to Gold.