OUNZ – The First Deliverable Gold ETF
OUNZ is the first deliverable ETF offering physical gold delivery to investors, giving them access to actual bullion in either London Bars vaulted in London or coins tailored specifically for them. This gives OUNZ investors access to physical bullion investment.
Investors redeeming OUNZ shares for gold will incur costs associated with taking delivery. To reduce these expenses, use the calculator provided on this site close to their Share Submission Date.
It’s easy
OUNZ has opened up an unprecedented opportunity for investors to convert their ETF investments into physical gold investments. Simply submit a delivery application. Merk’s website offers an easy calculator that makes this process even simpler; just choose what kind of gold you would like delivered and exactly how many OUNZ shares must be redeemed to cover that amount; any remaining shares will receive cash proceeds instead.
OUNZ has become increasingly popular with investors in emerging markets seeking diversification away from fiat currencies and the dollar, but investors should still be wary that OUNZ can experience price fluctuations similar to any ETF. Watch this video below for more details on OUNZ and how it operates.
It’s convenient
OUNZ is the first product of its kind, enabling investors to convert ETF shares directly into physical gold. They own pro-rata shares of gold held in trust; when ready, simply file a delivery application with their broker to take possession. Their broker will inform them how many OUNZ shares need to be redeemed to fulfill this request – any partial shares not used yield cash proceeds back into their accounts.
Merk’s website features an easy-to-use calculator designed to assist investors in calculating how many OUNZ shares are required for delivery, as well as dates that would suit taking delivery (please note this cannot occur on expenses accrual or holidays). The whole process takes only one business day and when physical gold arrives for purchase investors only pay for what has already been purchased.
It’s tax-free
OUNZ is the first deliverable gold ETF and unlike other exchange-traded products that only provide indirect access to physical gold, it provides direct ownership. Each OUNZ share represents pro rata ownership in VanEck Merk Gold Trust which holds physical gold that may be delivered upon redemption; investors wishing to take immediate delivery should keep in mind fees associated with doing so (which can be reduced using our calculator on this website closer to their Share Submission Date).
OUNZ makes redeeming shares easy; simply submit a short Delivery Application online and choose how much physical bullion you would like delivered. A calculator on their site helps determine exactly how many OUNZ shares need to be redeemed in order to meet that delivery amount; any partially used shares will yield cash proceeds.
It’s secure
OUNZ is the first exchange-traded fund (ETF) of its kind that allows investors to take physical delivery of gold without incurring a tax event. It works by converting shares into gold ownership through Merk Investments LLC’s unique process for doing so; thus enabling physical delivery in any denomination without incurring tax implications.
OUNZ investors must ensure they redeem enough shares in order to meet their desired quantity of gold when taking delivery of OUNZ investments. The fund’s website features an easy-to-use calculator that will assist investors in calculating how many OUNZ shares must be redeemed in order to fulfill their delivery request, or cash proceeds may be received for those left unsold.
There is a small exchange fee to cover the costs associated with exchanging OUNZ shares into London Bars that the Trust holds in its vault, as well as a Delivery Fee covering conversion to gold coins or bars for delivery purposes.
Comments are closed here.