: Andorra Capital LLC, a Nebraska based RIA (Registered Investment Advisor), has launched the GoldRush Yield Fund. This private fund provides accredited U.S. investors access to gold-denominated returns through the Monetary Metals® Gold Yield Marketplace™.
Andorra Capital issued a press release announcing the fund’s launch on March 10. From the press release:
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 Monetary Metals. This passive investment vehicle combines Monetary Metals’ proven track record of delivering a yield on precious metals with independent oversight by Andorra Capital. 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’ gold leases historically pay 2–5% interest on gold annually, with gold bonds delivering returns between 8–19% 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 over 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% 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.
Vice President of Relationship Management for Monetary Metals, Addison Quale, was quoted in the press release as saying,
“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. This is a meaningful evolution for our Gold Yield Marketplace®.”
The Gold Yield Marketplace™ continues to grow. More and more partners have joined in recent years, from all over the world. Last year a Swiss Portfolio Manager announced a gold-denominated note to invest in Monetary Metals gold leases and bonds. And earlier this month Monetary Metals announced a partnership with OGold, a fractional gold investment app based out of Dubai which offers Monetary Metals gold yield products to its clients.
For more information please contact us.
Monetary Metals & Co. and GoldRush Yield Fund, LLC are not affiliated.
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