Can I buy gold from a bank in Canada?

Yes. CIBC, RBC and TD sell gold bars and coins through their branches. CIBC and TD also sell online, and all three offer gold certificates. CIBC caps online purchases at $9,500 in 24 hours. BMO sells bullion through BMO Nesbitt Burns, BMO InvestorLine and BMO Private Bank, according to a Royal Canadian Mint article from October 2024 . Scotiabank stopped selling precious metals in 2021. Bullion or certificates bought from a bank can be held in an RRSP or TFSA if the product meets CRA's purity and producer rules .

Is it worth investing in gold in Canada?

Investing in gold in Canada, as in other countries, has its pros and cons. Gold can act as a hedge against inflation and currency fluctuations, providing portfolio diversification. Some investors hold gold because it has sometimes held its value when other assets fell. That has not happened in every downturn. However, gold doesn't produce dividends or interest and its price can be volatile.

Can you buy 24 karat gold in Canada?

Yes, in Canada, you can buy 24 karat, pure gold from dealers, mints, and some banks. Always deal with reputable sources, and request a certificate of authenticity. Be mindful of current prices and fees.

Where to Buy Gold in Canada: Mint, Banks, Dealers and Online Sellers

Where to Buy Gold in Canada: Mint, Banks, Dealers and Online Sellers Compared