The Mudcat Café TM
Thread #141188 Message #3247918
Posted By: Q (Frank Staplin)
31-Oct-11 - 05:42 PM
Thread Name: BS: Invest in Canadian gold
Subject: BS: Invest in Canadian gold
The Royal Canadian Mint is offering a gold investment product- ETR's (Exchange Traded Receipts) to be traded on the Toronto Stock Exchange. The offer is being made in Canada only, although the receipts will be priced in both Canadian and U.S. dollars.
Unlike other gold investments, the purchasers will actually physically own gold, redeemable in 99.99 percent pure gold coins or bars. The gold is physically held by the Mint.
The initial offering of ETR's is at $20 CAD each; the initial offer is $250 million CAD.
The date of the offering has not yet been set.
Purchase is through a syndicate of investment dealers, including several Canadian banks. Please contact them if interested; those first on the lists will of cource receive preference.
The craze for gold worldwide may go on for a while longer, but the current high prices may not hold.