Republic Metals Corporation Filed for Chapter 11. While not all the facts are known, RMC remain LBMA approved product. RMC offered lower margins for quality product and since this is no longer an option for retailers we believe that premiums at the retail level will certainly rise.
RRSP Mistakes That Canadians Make
1) Transferring without penalty. Canadians are allowed to move their RRSPs from one institution to another without any taxation. The investment and funds remain within the RRSP.
2) Transfers are not executed by your current financial institution or advisor. Transfers are initiated by the new institution.
3) When to contribute? There is a deadline which is inline with the RRSP “Season”. However, clients can make regular contributions with pre-authorized withdrawals
4) Can you take the product home. Yes. You cannot store it at home and have it in the RRSP.
5) Is the product insured? Yes. When clients come to the vault they have their a-ha moment that the product is real and their’s and fully allocated. The product is stored and insured.
Venezuela tried to repatriate their gold this past week and were rebuffed by the Bank of England Vault. They state that it’s because they don’t trust Maduro to use it for it’s citizens.
Back by popular demand for the holiday season Guildhall is offering a pair of diamond stud earrings with the purchase of a natural fancy colour diamond.
