The latest news in investment offers, financial products and other services relevant to wealth advisors and their clients.

Andorra Capital, Monetary Metals
Andorra Capital, a Nebraska-based RIA, has launched the GoldRush Yield Fund. 

This private fund provides accredited US investors access to gold-denominated returns through the Monetary Metals® Gold Yield Marketplace™.  

The GoldRush Yield Fund offers accredited investors the opportunity to earn a yield on gold, paid in gold, through a diversified portfolio of gold- and silver-denominated leases and bonds originated by Scottsdale, Arizona-headquartered Monetary Metals. 

This passive investment vehicle combines Monetary Metals’ track record of delivering a yield on precious metals with Andorra Capital’s oversight. The GoldRush Yield Fund will primarily invest its capital in Monetary Metals’ gold leases and bonds, subject to the fund manager’s due diligence and discretion, Monetary Metals said in a statement yesterday. 

Monetary Metals’ gold leases historically pay 2 to 5 per cent interest on gold annually, with gold bonds delivering returns between 8 and 19 per cent on gold annually. The fund is managed by Greyson Geiler, who started his career trading commodities on the floor of the CME (Chicago Mercantile Exchange) and has since been an investment advisor for more than 20 years. The fund will allocate its capital across a blend of both leases and bonds.  

In addition, the fund can accept a limited amount of self-directed IRA assets (no more than 25 per cent of the total assets of the fund can be IRA assets under ERISA plan requirements). This means that accredited investors in the United States can combine the benefits of earning a yield on gold with the tax advantages associated with an IRA. 

“This fund is a significant step forward in providing additional access to our products. The ability to participate through an IRA opens the door for more people to gain from our gold yield products in a tax-deferred account. It also addresses the need for a more passive approach, and independent professional management,” Addison Quale, vice president of relationship management for Monetary Metals, said,  

Earlier this month Monetary Metals announced a partnership with OGold, a fractional gold investment app based in Dubai which offers Monetary Metals gold yield products to its clients. 

See this editorial issued this week about the state of the gold market and what it says about the financial and investment climate.

Monetary Metals was founded in 2012 by Keith Weiner, who was interviewed here back in December 2016. Monetary Metals talks about how it unlocks the productivity of gold by “offering a Yield on Gold, Paid in Gold®” to investors, and gold financing, to gold-using businesses (mints, miners, refiners, jewelers, etc.). The firm is an example of how precious metals remain an important element in the wealth management toolkit. We recently interviewed its general counsel, Jeff Deist, here.