The Royal Mint Physical Gold ETC Securities (RMAU) is designed to offer investors an effective way to access the gold market as it tracks the spot price of physical gold.
It is the first financial product to be sponsored by The Royal Mint and the first gold ETC custodied with a European Sovereign Mint.
The ETC is backed by London Bullion Market Association (LBMA) Good Delivery bars held on a segregated basis. The gold will be stored and guarded in The Royal Mint’s highly secure vault in Llantrisant, Cardiff.
All other Gold ETFs store their gold at banks. I want to hedge bank failure so why custody at banks?
Also you can redeem for coins and bars. Only Gold ETF out there that allows that