Gold was flat today, but “serious investors” have a new way to get their hands on the metal.
The Royal Mint in the UK is offering the chance to buy one kilogram bars for more than £25,000.
The bars are being sold on the Mint’s bullion trading website, to mark the online portal’s first anniversary.
So far, more than 12,000 people have bought gold from the site, which usually only allows purchases of between one and 100 grams of gold.
Chris Howard, the Royal Mint’s director of bullion, said: “As royalmintbullion.com passes its first anniversary and begins to mature, we wanted our offering to reflect this and felt the kilo gold cast bar adds depth to our range and will appeal to the serious investor.”
The Royal Mint called the new gold bar a “high-value purchase opportunity for serious investors and those who wish to own and trade larger amounts of gold”.
Although the Mint did not give a price for the bar, which will bear the Mint’s Royal Mint Refinery branding, current market prices put the value at around £26,000.
Gold was trading little changed today at around US$1,144.
Elsewhere, silver was 0.2% lower to US$15.95, while platinum gained US$7 to US$943.
