Description

This investment vehicle provides investors with direct exposure to physical gold via the Canadian Gold Reserves Program. The Royal Canadian Mint serves as the official custodian, storing the gold bullion for the benefit of Exchange Traded Receipt (ETR) holders. These ETRs are listed on the Toronto Stock Exchange (TSX) and can be bought and sold like any other publicly traded security. Each ETR represents a shared, undivided beneficial interest in the gold bullion held by the custodian, meaning ETR holders maintain continuous beneficial ownership of the underlying gold. It is important to note that the gold bullion backing the ETRs is held on an unallocated basis, therefore, an individual ETR holder's specific share of bullion is not physically segregated from other unallocated gold reserves at the Mint.