Thursday, 30 May 2013

The Financial Post: Mint finds people really want gold — but physical gold only

Executives at the Royal Canadian Mint have joined a chorus of precious metal experts confounded by recent activity in the market.

Two of the Mint’s senior managers on Wednesday pointed out that the demand for its gold and silver coins is soaring through the roof. Yet its exchange-traded receipts (ETRs) have traded at a discount to net asset value this year for the first time, even though they are fully convertible into physical gold and silver.

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