LONDON, 25 February 2016 – Euromoney, the magazine and news-site for financial institutions, professional investors and their professional advisers, today quotes BullionVault comment and analysis in a report on the surging price of gold in 2016.
"The impact of low rates is crucial," says Euromoney, "reducing the cost disadvantage that has traditionally undermined gold" because it pays no yield and requires payment for secure storage.
"Negative deposit rates in the Eurozone and Japan," says Adrian Ash, head of research at BullionVault, "are now approaching commercial storage charges on physical bullion, while Swiss Libor and the Swedish Riksbank’s deposit rate already exceed even the higher fees of gold-backed exchange traded funds (ETFs)."
The cheapest major gold-backed ETF charges 0.25% per year, while the largest such product charges 0.40%.
"Commercial storage rates for large-bar gold are nearer 0.10%," Adrian explains to Euromoney.
"Customers of BullionVault pay 0.12% per year."
You can read the full report at Euromoney here:
