Gold-MiningStocks.com (GMS), an investor and industry portal for the gold and mining sector presents an online audio interview with Kitco’s Jon Nadler, Investment Products Analyst, to discuss the long term potential of gold as an investment, and a new opportunity for Canadians to purchase physical gold in their registered retirement savings plans. Questrade Inc. together with Kitco Metals Inc. is now offering Canadians the opportunity to purchase physical gold within registered savings accounts such as RRSPs and RESPs, with the gold being stored at the Royal Canadian Mint.
In 2005, the Canadian government revised regulations making precious metals eligible for inclusion in registered accounts. With the ability to hold physical gold, investors can now diversify their retirement portfolios with what many consider to be a ‘safe haven’ investment.
As Jon Nadler explains, “The addition of physical gold to any investment portfolio is a prudent device which should be regarded as long-term capital preservation strategy.”
“Previous to this product what was available was limited to mutual funds, mining shares, a few ETFs here and there, but at the end of the day most of these vehicles were generic promises on paper, or subject to the performance of a trustee or a particular company and because they were not physical metal, they did not fulfill the functions that only physical gold can provide in a portfolio such as long-term capital protection, zero risk of default, credit risk and other issues that come up with conventional instruments. This is one product that is largely a pure expression of gold’s best attributes,” adds Nadler.
Worldwide demand for gold has been a key driver to this market for the past six years, significantly impacted by the physical offtake from key consuming countries such as China and India describes Nadler, with Western European, North American investors and institutional players showing a tremendous renewed interest in precious metals since 2001.
“There is also strong physical demand from individual investors which has really shifted the balance in the gold market in their favor. To wit individual investors control globally and are hoarding more physical gold than the sum total of central bank tonnage. This is a critical development in the marketplace which should be noted by analysts because it will be a key driver going forward,” states Mr. Nadler.
Adding to this, with global mine production under pressure from higher costs and the growing level of challenging resource access, gold prices are believed to remain at high levels moving forward.
To Listen to the Interview in Full Please Visit:
Since its founding in 1977, Kitco Inc. has deservedly earned the reputation of being the world’s premier retailer of precious metals. Kitco started with a singular objective in mind: to offer the highest quality of customer care to the widest range of individuals and firms seeking products and services in the precious metals industry. Kitco’s phenomenal growth and unsurpassed client loyalty attest to its continuing focus on the original goal.
Kitco (kitco.com) is the most frequently accessed precious metals information site on the Internet (millions of page view per week). Hundreds of clients execute daily transactions in precious metals with Kitco online and on the telephone. Whether it is for purchasing gold coins or bars, accessing live precious metals prices, researching charts or reading up-to-the-minute market commentaries, people all over the world know they can rely on Kitco’s unsurpassed information quality and client services.
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Source: Gold-MiningStocks.com, Kitco