Add Gold and Silver to Your RRSP
It has been a little over two years since Guildhall Wealth launched Registered Precious Metals Accounts. When we started offering the investment we knew it was a great opportunity for Canadians. What made it great was that Investors would be able to buy specific products, like Royal Canadian Mint (RCM) 1oz gold bars or 100oz RCM silver bars. Their ownership of the product would be assured as clients would receive an itemized inventory report showing that their product was held in their name. They would be able to personally audit their holdings by actually visiting the vault facility. Overall the investment produced the type of transparency that we felt investors were craving. We knew that what we were offering had not been available before. In the past, if investors wanted to hold precious metals in their registered account the best they could hope for was a pooled account. This meant that they shared their holdings with other investors. Yes there was physical, but who did it belong to? Over the last two years the response from Canadians has been incredible. Investors in all provinces have acquired physical precious metals in their RRSP, LIRA, RIF, LIF, TFSA, and even RESP accounts. What has been the most surprising is the desire of Canadians to know that they are investing in the real thing. This should be the number one priority of any precious metals investor. Clients should know that what they are investing in is real, unencumbered and that they can verify it at any time. If we have learned anything over the last few years, it’s that many Canadians believe that precious metals are a tried and true method of securing and growing wealth. More and more investors are discovering that there is no substitute for the real thing and that If You Can’t Hold It, You Don’t Own It. To learn more about Registered Precious Metals for your TFSA, LIRA, LIF, RIF, visit our RRSP page here.