ETFS lists gold ETC on Xetra

The ETFS Physical Swiss Gold is an exchange-traded bond backed by gold bullion, physically stored in vaults in Switzerland. The price of the product is based on the spot price of gold, less expenses. The gold is priced off the London Bullion Market Association's (LBMA) daily fixing price and specifications for good delivery. The issuer says shares can only be issued when the gold bullion is delivered into the trust account at the custodian's value, which is independently inspected twice a year. The trustee must also approve all deposits and withdrawals of bullion held by the custodian...