Jim Sinclair’s CommentaryDr. Bob, one of the good guys, gives us the heads up on one more Exchange Traded Fund. These vehicles are already competing with Central Banks as gold holders. Things are changing, big time!
Mint sees gold (and silver) in TSX offering
Considers launching ETF-like product
PAUL WALDIE
From Wednesday's Globe and Mail
The Royal Canadian Mint is considering launching an investment product on the Toronto Stock Exchange as a way of tapping into the growing demand by investors for precious metals.
The Mint is trying to develop "a new type of investment" that would be listed on the TSX and be eligible for registered retirement savings plans, according to a tender document released last week by the Crown corporation. The investment is expected to track the price of gold and silver in much the same way as an exchange-traded fund, or ETF.
"We're looking at everything," said David Madge, executive director of bullion and refinery services at the Mint.
"It would be premature to say we are looking at one thing or another thing. We want to look at what's out there and what the possibilities are."