Gold certificates


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meghal   
Member since: Jul 04
Posts: 1651
Location: (0,0,0)

Post ID: #PID Posted on: 11-05-06 10:38:25

TK is ahead of me in thie category, but I am posting a new topic as it does not deal with selling ornaments

Does anybody have any idea about gold certificates? Scotiabank sells them - you can buy them in lieu of real gold bar.

Two questions

(1) From the description, it looks like it is dealt in same way like IVP in India. There is no ownership printed on those certificates. So if you lose them, they are gone

(2) I am not sure, if the value of certificate is equivalent to the price of gold on any particular day.

Any further information will be helpful

Meghal



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 11-05-06 11:09:53

Looks like a nice idea.
Please look at the commissions involved and so on.
Gold is sold just like a stock on the stock exchange (Introduced a month back). So try to see which one is better.
Also try to see if your RRSP can be invested in mutual fund solely investing in Gold futures/price. Alternatively Uranium is also very bullish.
TK


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I am a Gents and not a Ladies.


man_krastogi   
Member since: Jun 04
Posts: 54
Location: Brampton

Post ID: #PID Posted on: 11-05-06 15:36:23

Do you know any mutual funds investing in Uranium companies as most of them are doing it in Precious metals.

Manoj


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Manoj Rastogi


tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 11-05-06 15:39:28

Manoj,
Sorry! I have left investing.
Google search, contact your financial rep. or may be some other CD can help you.
TK


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I am a Gents and not a Ladies.




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