Investors who are looking for a way to own precious metals without buying stocks or ETFs might consider the Canadian Mint.
“We have been refining and producing gold and silver products since 1908,’’ said Steve Higgins, Program Manager with the Ottawa-based Crown Corporation.
He said the Canadian Mint has also been quite successful in finding people who are looking for gold and silver as a direct investment.
People can invest directly in gold by acquiring
Royal Canadian Mint (
TSX: T.MNT,
Stock Forum) shares, which traded this week at $16.63, leaving a market cap of $517.8 million, based on 31.1 million shares outstanding. The 52-week range is $17.41 and $13.87.
They can also invest directly in silver by acquiring
Royal Canadian Mint –
Canadian Silver Reserves (
TSX: T.MNS,
Stock Forum). The shares traded at $12.83 this week, leaving a market cap of $58 million, based on 4.5 million shares outstanding. The 52-week range is $14.99 and $10.56.
"We have a contractual relationship where we will charge you a small storage fee,’’ Higgins said.
“In exchange, you are getting gold stored at the mint securely, and you can trade it on a daily basis on the Toronto Stock Exchange.’’ The same applies to silver.
Higgins said the shares tend to track the price of gold and silver fairly closely.