Xtrackers Physical Gold GBP Hedged ETC (XGLS)

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XTRACKERS PHYSICAL GOLD GBP HEDGED ETC (XGLS) follows the price of gold in US dollars. Gold is priced in US dollars which means buying Gold in GBP is affected by the GBP/USD exchange rate. This ETC is hedged against the GBP/USB currency exchange which will not affect the price and it is only affected by the price of gold on USD.

With Brexit affecting the value of the GBP, this is a less risky method of including Gold in your portfolio without the GBP/USD currency exchange affecting the value.

This ETC is listed on the London stock exchange and it will not require currency conversion fees when buying in GBP.

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This is one I am really keen on!

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This seems like a good idea if it reduces the exchange rate from the equation. I do hold the
ishares-physical-gold-etc-LON:SGLN)

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This seems like a good idea if it reduces the exchange rate from the equation. I do hold the

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Given that gold is a form of protection against a USD devaluation it seems odd to have that protection containing forex risk. It would be awesome if this could be added urgently.