Royal Canadian Mint - Canadian Gold Reserves Exchange-Traded Receipt

The Royal Canadian Mint's Canadian Gold Reserves Exchange-Traded Receipt is a financial asset representing direct legal and beneficial ownership of physical gold bullion securely stored at the Mint's facilities in Ottawa, Ontario. Each exchange-traded receipt (ETR) corresponds to an undivided interest in high-purity gold bullion (minimum 99.99%) held on behalf of the holder. These ETRs provide investors with a low-cost, convenient vehicle for exposure to physical gold without direct possession, reflecting movements in the gold price. The Mint, a Crown corporation with longstanding expertise in minting, refining, and custodial services, acts as the custodian of the gold underlying these receipts. The program includes a service fee accrued daily and paid monthly, slightly reducing the gold amount per ETR over time. Investors have the option, subject to terms and minimum thresholds, to redeem their ETRs for physical gold delivery or cash. The Canadian Gold Reserves program facilitates access to gold investment with the security and credibility of ownership guaranteed by the Mint and the Government of Canada, enhancing transparency and trust in the precious metals market.