Invest in Precious Metals

Invest in
Precious Metals

- Invest in gold and silver as easily as buying a stock, directly through Avanza and Nordnet, and other platforms.

Get In Touch
With Henry

Questions?

As a Swedish issuer, we are always available to answer any questions you may have about investing in Nordheim Capital’s products.

Henry M. Forelius
Head of Investor Relations

+46 70-414 62 99
h@nordheimcapital.com

Our Products

Two Products - Always Physically Backed

Structure & Security

What is LBMA?

LBMA stands for London Bullion Market Association and is the global standard for trading physical gold and silver worldwide.

The organisation establishes the requirements that determine what qualifies as high-quality precious metals, known as Good Delivery.

These standards include criteria for purity, weight, origin, and handling.

LBMA is also responsible for the international benchmark prices used daily by banks, institutions, and market participants around the world.

Learn more about Structure & Security ➔

Where are the precious metals stored?

The precious metals are held in custody by J.P. Morgan Chase Bank N.A., London, one of the world's leading custodians of precious metals.

The metals are stored in high-security vaults and in accordance with LBMA standards, ensuring strict controls over quality, handling, and reporting.

As a global institution, J.P. Morgan Chase Bank N.A., London provides the infrastructure used by central banks and some of the world's largest asset managers.

Learn more about Structure & Security ➔

Where Is All the Gold Today?

According to estimates from Metals Focus and the World Gold Council, the global above-ground gold stock amounts to approximately 220,000 tonnes. Nearly all the gold ever mined remains in circulation, as gold is rarely consumed and is instead recycled and reused.

The largest share is held in jewellery (44%), which effectively acts as a passive stock that can re-enter the market when needed. Investment gold (bars and coins) tends to be more price-sensitive and often drives flows, while central bank reserves are strategic holdings that move slowly but can have a significant impact on market sentiment.

New production of gold adds only around 1–2% annually to the global gold stock, meaning that gold prices are primarily driven by demand and the reallocation of existing gold rather than newly mined supply.

Source: Metals Focus, Refinitiv GFMS, World Gold Council (2025)

How to invest

Our products can be held through ISK, Capital Insurance Accounts, and traditional brokerage accounts with a range of brokers. Additional platforms will be added over time.

Can't find your broker above? Contact us

The Team Behind Nordheim Capital

Nordic Asset Management

We are a dedicated team with extensive experience in asset management, financial markets, and product development, combining Nordic roots with institutional standards.

Frequently Asked Questions

  • An ETC (Exchange Traded Commodity) is an exchange-traded security designed to track the price performance of a commodity. In Nordheim Capital's case, this means physical gold and silver.

    Like a stock, Nordheim Capital's ETCs are traded on Nasdaq Stockholm throughout the trading day, providing investors with simple and efficient access to precious metals.

  • This means that each outstanding security issued by Nordheim Capital's ETCs is backed by a corresponding quantity of physical precious metal held in custody by our custodian, J.P. Morgan Chase Bank N.A., London.

  • Nordheim Guld ETC tracks the price of physical gold, while Nordheim Silver ETC tracks the price of physical silver. Although the products share the same structure, they provide exposure to two distinct precious metals, each with its own market dynamics, price behaviour, and sources of demand.

  • Nordheim Capital's ETCs are listed on Nasdaq Stockholm and can be traded through your broker or bank in the same way as a stock. Simply search for the product name or ISIN on your trading platform and place an order during Nasdaq Stockholm's trading hours.

  • All underlying precious metals are held in custody by J.P. Morgan Chase Bank N.A., London, one of the world's leading Tier 1 custodians of precious metals. As an LBMA-accredited institution, J.P. Morgan meets stringent international standards for the secure handling, storage, and safeguarding of physical precious metals.

  • No, not at this time. Physical delivery of the underlying precious metals is only available through the creation and redemption mechanism (see “Structure & Security”) and is generally reserved for Authorised Participants. For Nordheim Capital's ETCs, this role is performed by Virtu Financial Ireland Limited, which facilitates large-scale institutional transactions.