Trmrspgoldetc Share Price (RMAU)

Tony,
The fund is denominated in USD whether you buy RMAU (USD) or RMAP (GBP) so you need to take into account the FX effect. That said, the net result should follow the gold price in GBP but we could be paying FX fees.
I will look into this when I get chance and report back. Thanks for the heads up on this.

In one week between the 28th May and 4th of June Gold went up from £1,468.01 to £1,483.17, whilst this fund dropped from 18.483 to 18.339. this means that in one week the factual divergence between the price of actual gold and a fund that is promoted as tracking the gold price and equivalent to holding gold, is 1.81%. Nearly two percent per week!

The fall from the beginning of the year is much greater.
This fund is marketed as equivalent to holding physical gold. The facts of the data indicate this is not true and holding this fund long term will only result in a significant loss. Nearly 2% loss in a single week.

This fund is advertised as tracking the price of gold in £. It does not do that. Since Jan this year it has lost value against the gold price in £, in fact it is down 7.97% against the current price of gold in £. Can anyone shed any light on why that is the case.

___|___|___
___|___|___
| |

___|___|___
___|___|___
. | |