Scotia Bank recently launched an online store selling a limited selection of gold and silver bullion products. The eStore carries Scotiabank gold bars, Maple Leaf gold coins from the Royal Canadian Mint, Scotiabank silver bars and silver maple leafs and will deliver its products to anywhere in Canada. I have simply purchased bullion from them in the past without any problems. I believe that all bullion sales are exempt from GST whichever province you are in. I do know that Ontario charges PST on coin sales which is why I generally recommend the 1oz bar in preference to Maples.

That being said I have heard it said that the PST can be claimed back due to Maples being classed as bullion, I have not checked, buying the bars is less hassle. If Scotia starts selling canned goods and shotguns the same way it is now selling gold coins, now that would be something.

Technically, you should be paying Ontario PST on it anyway. Not that anyone is likely to come after you for it, but I suppose if the amount became large enough….

You can tell gold fever is on when big banks start selling bullion products online….

I wonder how many people keep track and remit PST on their out-of-province purchases. Kitco is another, but lists at the higher Scotia price for 1oz.

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This is apparently a fabrication charge http: I have asked how they calculate their prices and have been told that the information is not available to the public. What this is for I have no idea as I would have thought that the customer had been shafted enough by then.

If you are going to use Scotia and are in the GTA then you are better off going to the main branch on King St and buying your bullion over the counter with USD. This will keep some of the costs down. I have been happy with my transactions with Scotia despite the costs and like the immediacy of trading over-the-counter. Book Winners and Weekend Reading — Oct 17, Million Dollar Journey. Book Winners and Weekend Reading — Oct 17, Financial Freedom.

I guess this is one way to jump into the Gold market before it approaches ? Learning something new every day.

Holding physical Gold and Silver removes the element of risk that the paper backer reneges on that promise. IntelligentSpectulator, do some research on GLD and SLV.

You will find that many well respected analysts in the the precious metals markets have their doubts on whether these where to get dashi soup stock actually have the metal on hand. Also if the fund holds bullion with a 3rd party that is a another layer of risk added between the holder of GLD and the actual asset. GLD is great for trading but if you are looking for a store of value to hold for an extended period you cannot beat physical metal from moving averages in forex trading risk stand point.

If you really want an easy way to hold Gold and Silver I would suggest the Central Fund of Canada CEF — http: Traded on both NYSE and TSX. Physical bullion held in CIBC vaults and specifically allocated to CEF http: Independently audited twice yahoo forex trading year if memory serves me correct.

Not something that either GLD or SLV appears to do.

I agree that holding physical bullion is a times better then any gold stock or ETF, gold has been going up and gold stocks coming down. FlookiiDuke — actually, not sure if you have read the prospectus but HSBC holds the gold on behalf of GLD, and it is audited by BNY.

And it just seems like a lot of fees involved in buying, shipping, etc, etc. And when you sell it, how good is the market, how liquid is it? IntelligentSpectulator, did you know that HSBC holds the second largest COMEX short position in Gold and Silver after JPM?

Gold is their enemy, it reflects their governments debasement of the fiat currencies. None of this action can be hidden from Gold which is why I am taken to believe in the manipulation of the precious metals markets by central banks and their agents to suppress the price of Gold and Silver to artificially prop up their should i buy scotiabank stock currencies. So for me there is no substitute for physical for long term holding.

When should i buy scotiabank stock big banks get caught on the wrong side of the trade that is when you will see the paper market for Gold nse india stock market and physical rise like a phoenix from the flames.

Hey maybe I have been sucked in by the conspiracy theorists but I sleep well at night knowing I own my Gold. In Alberta there is no sales tax and there is no GST charged on Gold purchases. Therefore Alberta is the only place you can purchase bullion tax free. You have to look around to find the deals, my best results are with jewellers who on a given day will sell cheaper than the posted price and buy with a tiny discount on the days valuation. Your email address will not be published. This post has been updated as of Jan.

Home Bookshelf In the News Archives Contact Us Consulting Forum. A pricey way to buy bullion October 15, at 6: Precious metal products, which are exempt from GST, are subject to sales tax in many provinces but not in BC.

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This article has 23 comments FlookiiDuke October 15, at 6: Rob October 15, at 8: Welcome back CC If Scotia starts selling canned goods and shotguns the same way it is now selling gold coins, now that would be something. Winston October 15, at Canadian Capitalist October 15, at You can tell gold fever is on when big banks start selling bullion products online… Winston: October 15, at Canadian Capitalist October 15, at 1: FlookiiDuke October 15, at This applies to both Gold and Silver.

Michael - The Fat Loss Authority October 18, at 8: IntelligentSpeculator October 19, at FlookiiDuke October 20, at 8: IntelligentSpeculator October 20, at FlookiiDuke October 21, at In case you wanted to do a little more research: IntelligentSpeculator October 21, at 9: IntelligentSpeculator October 21, at Boko Just took a look at the returns of both this year. FlookiiDuke — by the way, just checked and GLD has the same semiannual audits, look here: FlookiiDuke October 22, at El Chapo April 18, at 3: Raifon December 9, at 5: Leave a comment Cancel Your email address will not be published.

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