Britain's Royal Mint launches gold-backed securities tradable on London Stock Exchange

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Britain's Royal Mint launches gold-backed securities tradable on London Stock Exchange
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Britain's 1,100-year-old Royal Mint said on Monday it will launch an exchan...

FILE PHOTO: A sign is seen outside the Royal Mint, in Cardiff March 5, 2011. REUTERS/Toby Melville/File Photo

Gold exchange-traded products, which issue securities backed by metal they buy and store on behalf of investors, have become big business since the first was launched in the early 2000s.

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