Okay kiddo, do you know what gold is? It's a shiny, yellow metal that looks like treasure! People use it for jewelry, coins and sometimes as a way to store and transfer their wealth.
Now, have you heard of the Royal Mint? It's a special place in the United Kingdom where they make coins and medals. They also produce something called Royal Mint Gold, which is a way for people to own gold without having to physically hold onto it.
When you buy Royal Mint Gold, you're basically buying a certificate saying that you own a certain amount of gold. It's like a special piece of paper that says, "I have this much gold!" You can buy different amounts, depending on how much you want to invest.
The Royal Mint stores and protects the gold in a special place, so you don't have to worry about keeping it safe yourself. And if you ever want to sell your Royal Mint Gold, you can trade in your certificate for cash or other forms of gold.
So, in short, Royal Mint Gold is a way to own gold without actually having to own and store the physical metal. It's a bit like owning a special piece of paper that says you have treasure safely stored away!