Place to but gold bullion/bar/coin?
- Thread starter Labonbom
- Start date
Any bank. If they don't have it they will get some for you. But presently, better to buy the miners' stock than the physical gold.
Actually it is the reverse: from TD
source: https://preciousmetals.td.com/shop/en/tdmetals/golds
Purchase In Branch
The maximum total purchase limit is $2,999.99 CAD per 24 hours for non-TD customers and $9,999.99 CAD per 24 hours for TD and Verified.Me customers. If your online order exceeds this amount, you may place an order in person at a TD branch. Please note: In-branch precious metals purchases can only be made from your TD Canada Trust deposit account which must be open, in funds and in good standing at the time the purchase is processed.source: https://preciousmetals.td.com/shop/en/tdmetals/golds
You are most welcome!!!!
But some claim it is not the cheaper way to do it. And don't expect to pay the official price. There is always a prime for the dealer as when you buy or sell $US.
Here is an interesting article. https://globalbullionsuppliers.com/blogs/blog/how-to-buy-gold-in-canada-from-banks
I made the decision to invest through the stock exchange. On the TSX you will find XGD which is and ETF: Here are the 10 main companies, contributing for 70% of the holding
Newmont Mining Corp - Common 20,65%
Barrick Gold Corp - Common 15,10%
Franco-Nevada Corp - Common 10,24%
Wheaton Precious Metals Corp - Common 7,35%
Agnico Eagle Mines Ltd - Common 6,02%
AngloGold Ashanti Ltd - ADR 3,92%
Kirkland Lake Gold Ltd - Common 3,86%
Gold Fields Ltd - ADR 3,59%
Kinross Gold Corp - Common 3,59%
Royal Gold Inc - Common 3,02%
It is a safe way if you don't want to choose specific companies. Those are big miners. It's not a bad time to invest now. When inflation will rise, it will be a big push for gold.
Gold is very cyclical and is not a long term buy that you can forget, as you can see is this 20 years chart. The value indicated is the share price of XGD but closely correlate with the gold price itself.
But some claim it is not the cheaper way to do it. And don't expect to pay the official price. There is always a prime for the dealer as when you buy or sell $US.
Here is an interesting article. https://globalbullionsuppliers.com/blogs/blog/how-to-buy-gold-in-canada-from-banks
I made the decision to invest through the stock exchange. On the TSX you will find XGD which is and ETF: Here are the 10 main companies, contributing for 70% of the holding
Newmont Mining Corp - Common 20,65%
Barrick Gold Corp - Common 15,10%
Franco-Nevada Corp - Common 10,24%
Wheaton Precious Metals Corp - Common 7,35%
Agnico Eagle Mines Ltd - Common 6,02%
AngloGold Ashanti Ltd - ADR 3,92%
Kirkland Lake Gold Ltd - Common 3,86%
Gold Fields Ltd - ADR 3,59%
Kinross Gold Corp - Common 3,59%
Royal Gold Inc - Common 3,02%
It is a safe way if you don't want to choose specific companies. Those are big miners. It's not a bad time to invest now. When inflation will rise, it will be a big push for gold.
Gold is very cyclical and is not a long term buy that you can forget, as you can see is this 20 years chart. The value indicated is the share price of XGD but closely correlate with the gold price itself.
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