There are a few Gold Bullion ETF's out there that can easily be bought and held inside an RRSP. For example there's the Claymore Gold Bullion ETF (CGL on the TSX) that holds gold bullion in vaults on my behalf. No shares of gold producing companies are held, just bullion.
There's no feature to redeem it for physical gold, but technically if you ever want to you can sell the ETF, take your gains/losses and buy physical gold for the pending apocalypse.
Will the bubble burst? Hard to say when but I like the fact that because it's an ETF, I have a stop loss order in place to auto sell if it every drops below a price I specify. That way I can let er ride knowing I've limited the downside in case of a selloff.
Last edited by I-Hate-Hulse; 10-14-2010 at 04:31 PM.
|