LONDON, May 23, 2016 /PRNewswire-HISPANIC PR WIRE/ -- Physical Gold Fund SP (PGF) has registered with the FCA within the United Kingdom. PGF is now permitted to market within the United Kingdom through the National Private Placement Regime.
"This opens the door for UK institutions and citizens to own gold in what we believe to be the most secure and safe way possible," says PGF Managing Director Alex Stanczyk, "The constant feedback that we receive from investors is that people have had enough of being taken advantage of by financial institutions that do not have their best interests at heart, and are looking for something real to preserve their hard earned savings. We have taken a good look at what is available in this space, and have designed PGF from the ground up to avoid risks other gold products have by vaulting outside the banking system with the world's top security logistics firms, clearing trades directly with refineries instead of banks, and by developing unique protocols to mitigate political risk. I am confident that this Fund is the most robust, secure, and thoughtfully constructed physical gold fund in the world today."
About Physical Hard Assets Fund SPC
Physical Hard Assets Fund SPC is a Segregated Portfolio Company domiciled in Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA).
About Physical Gold Fund SP
Physical Gold Fund SP is a Segregated Portfolio Fund of the Physical Hard Assets Fund SPC, listed on the Cayman Islands Stock Exchange, and regulated by CIMA. PGF is a transparent, open‐ended fund that invests in unencumbered, fully-allocated physical gold in the form of "Good Delivery" gold bars meeting accepted global standards. Shares of the Fund are redeemable for gold, and all physical gold is insured to its full market value.
For additional information: www.physicalgoldfund.com
Source: Physical Hard Assets Fund SPC, Physical Gold Fund SP (FRN: 739437, Umbrella FRN 739438, PRN's: 739439, 7439440 and 739441).
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall thereby any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice, an investment recommendation, or a solicitation to invest. This communication has not been approved by any authority for any purpose. This news release contains certain forward looking statements that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.
SOURCE Physical Hard Assets Fund SPC