LBMA

Merk Investments Files to Change Pricing Index for VanEck® Merk® Gold Trust (OUNZ)

Retrieved on: 
Friday, May 12, 2023

Merk Investments, LLC (“Merk” or the “Sponsor”), as sponsor of the VanEck Merk Gold Trust (NYSE: OUNZ; the “Trust”), will change the benchmark price used to value the gold held or receivable by the Trust from the LBMA PM Gold Price to the Solactive Gold Spot Index (“SOLAGOLD”) effective July 11, 2023 or as soon as practicable thereafter (the “Index Change Date”).

Key Points: 
  • Merk Investments, LLC (“Merk” or the “Sponsor”), as sponsor of the VanEck Merk Gold Trust (NYSE: OUNZ; the “Trust”), will change the benchmark price used to value the gold held or receivable by the Trust from the LBMA PM Gold Price to the Solactive Gold Spot Index (“SOLAGOLD”) effective July 11, 2023 or as soon as practicable thereafter (the “Index Change Date”).
  • Until such time, the NAV of the Trust will continue to be determined using the LBMA PM Gold Price.
  • The use of SOLAGOLD as a replacement for the LBMA PM Gold Price could result in materially different net asset values of the Trust.
  • "We are thrilled to be working with Solactive AG to facilitate a new gold pricing index of value not only to investors in OUNZ, but potentially a broader range of gold investors," said Axel Merk, President and Chief Investment Officer of Merk.

Imperial Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 9, 2023

VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three months ended March 31, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.

Key Points: 
  • VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three months ended March 31, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.
  • Total revenue was $92.7 million in the March 2023 quarter compared to $33.1 million in the 2022 comparative quarter.
  • The London Metals Exchange cash settlement copper price per pound averaged US$4.05 in the March 2023 quarter compared to US$4.53 in the 2022 comparative quarter.
  • In CDN Dollar terms the average copper price in the March 2023 quarter was CDN$5.48 per pound compared to CDN$5.73 per pound in the 2022 comparative quarter, and the average gold price in the March 2023 quarter was CDN$2,553 per ounce compared to CDN$2,373 per ounce in the 2022 comparative quarter.

CoinFlip Bridges the Gap Between Digital and Physical Gold with the Introduction of Pax Gold (PAXG) to Its Network of 4,000 ATMS

Retrieved on: 
Tuesday, March 28, 2023

CHICAGO, March 28, 2023 /PRNewswire/ -- CoinFlip, a leading fintech company powered by cryptocurrency, announces today that PAX Gold token (PAXG) is now listed and available for purchase across its network of 4,000 ATM kiosks in the United States and Puerto Rico, as well as the company's online Trade Desk. By adding this valuable asset to its portfolio, CoinFlip is bridging the gap between digital and physical assets, enabling more people to invest in gold through PAXG tokens. With gold historically known as a smart investment choice and a hedge against inflation, CoinFlip is dedicated to making alternative investment options available for anyone looking to securely diversify their portfolio.

Key Points: 
  • By adding this valuable asset to its portfolio, CoinFlip is bridging the gap between digital and physical assets, enabling more people to invest in gold through PAXG tokens.
  • PAXG provides investors with a cost-effective means of owning investment-grade physical gold in a digital form, without the hassle of logistical shipping and storage challenges, aggressive fees, or security risks.
  • All investors can redeem their tokens for physical gold, fiat currency, or unallocated gold entitlements.
  • For more information about CoinFlip, please visit www.CoinFlip.tech and join the conversation on Facebook , Twitter , Instagram and LinkedIn .

SMX' Tech Application for Gold Receives Accreditation from LBMA

Retrieved on: 
Friday, March 10, 2023

The LBMA is an independent authority ensuring the highest standards of integrity and transparency for the global precious metals industry.

Key Points: 
  • The LBMA is an independent authority ensuring the highest standards of integrity and transparency for the global precious metals industry.
  • The Accredited Gold Bar Security Features form part of the Gold Bar Integrity (GBI) Initiative Program that was launched at the Sustainability and Responsible Sourcing Summit by the LBMA in London last year.
  • Hence the Security Features are a physical feature that will establish the identity and verify the authenticity of a gold bar.
  • A key advantage of trueGold's Security Feature and digital tech platform offering is its interoperability for the gold industry and across the precious metals supply chain.

London Bullion Market Association Selects Alitheon to Bring Authentication and Traceability to Global Gold and Precious Metal Markets

Retrieved on: 
Wednesday, February 1, 2023

Its technology solution is used to ensure provenance by irrefutably identifying counterfeited and illegally-sourced precious metals throughout the supply chain.

Key Points: 
  • Its technology solution is used to ensure provenance by irrefutably identifying counterfeited and illegally-sourced precious metals throughout the supply chain.
  • FeaturePrint® uses a standard off-the-shelf camera or mobile phone to take an image of any object such as a gold bar and other precious metals.
  • "We applaud LBMA and its members as together we work to secure the world's gold and precious metals reserves and supply chains," said Roei Ganzarski, CEO at Alitheon.
  • Now they can be sure the gold bar or gold product they are buying is authentic, ethically sourced, and legal, from a simple photo taken on their phone."

London Bullion Market Association Selects Alitheon to Bring Authentication and Traceability to Global Gold and Precious Metal Markets

Retrieved on: 
Wednesday, February 1, 2023

Its technology solution is used to ensure provenance by irrefutably identifying counterfeited and illegally-sourced precious metals throughout the supply chain.

Key Points: 
  • Its technology solution is used to ensure provenance by irrefutably identifying counterfeited and illegally-sourced precious metals throughout the supply chain.
  • FeaturePrint® uses a standard off-the-shelf camera or mobile phone to take an image of any object such as a gold bar and other precious metals.
  • "We applaud LBMA and its members as together we work to secure the world's gold and precious metals reserves and supply chains," said Roei Ganzarski, CEO at Alitheon.
  • Now they can be sure the gold bar or gold product they are buying is authentic, ethically sourced, and legal, from a simple photo taken on their phone."

WISeKey, Italpreziosi and Kaufmann & Partners announced at Davos that PreciousMetalVerse.com will Commercialize Authenticated and Verified Sustainable Trusted Gold NFTs

Retrieved on: 
Tuesday, January 17, 2023

The Trusted NFT Gold Tokens Represent Ownership Over Physical Gold Bars that are Stored in a Vault in Both Switzerland and Italy.

Key Points: 
  • The Trusted NFT Gold Tokens Represent Ownership Over Physical Gold Bars that are Stored in a Vault in Both Switzerland and Italy.
  • Among the products we find gold bars and coins for individuals, ideal for those looking to invest in gold.
  • The TrustedNFT Gold tokens represent ownership over physical gold bars that are stored in vaults in Switzerland and Italy.
  • The Gold NFT approach is to implement via a smart contract that enables users to trade NFTs for gold.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

Amundi Physical Metals plc: UK Final Terms

Retrieved on: 
Sunday, December 18, 2022

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an “Authorised Participant”).
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the “Metal Entitlement”.
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.