CIBC Canada now sells gold and silver.

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CIBC Canada now sells gold and silver.

Postby ZenOps » Sat Oct 19, 2013 10:09 pm

Just visited my local branch, they had a pamphlet that they were selling RCM bars, coins and certificates.

That makes three of the big five banks in Canada that now sell silver and gold bullion. Scotiabank (scotiamocatta), TDbank, and now CIBC. Royal bank and BMO are the only ones that don't.
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Re: CIBC Canada now sells gold and silver.

Postby BlackOut » Sun Oct 20, 2013 12:20 am

What kind of premiums do you see from the banks? Similar to apmex or provident metals?
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Re: CIBC Canada now sells gold and silver.

Postby Morsecode » Sun Oct 20, 2013 8:35 am

I wish TD here in the States would implement that. :P
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Re: CIBC Canada now sells gold and silver.

Postby Copper Catcher » Sun Oct 20, 2013 9:18 am

ZenOps wrote:Just visited my local branch, they had a pamphlet that they were selling RCM bars, coins and certificates.

That makes three of the big five banks in Canada that now sell silver and gold bullion. Scotiabank (scotiamocatta), TDbank, and now CIBC. Royal bank and BMO are the only ones that don't.


Does the RCM still produce one ounce silver bars? I thought they stopped that in the 1980s, you can't find them anywhere. If they do I would be interested in knowing the price.
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Re: CIBC Canada now sells gold and silver.

Postby ZenOps » Sun Oct 20, 2013 5:16 pm

Gold coins and bars are Royal Canadian mint up 1/10th to 100 ounce.

Silver coins are maples, silver bars are Sunshine mint up to 1000 ounce.

Haven't asked on pricing yet, but fully expect them to be worse than the LCS.
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