BMO Gold Deposit Program A simple, straightforward way to Hold the Gold The BMO Gold Deposit Program provides you with the opportunity to purchase physical gold bullion through your BMO Nesbitt Burns Investment Advisor, and hold it in a custodial account operated by BMO Nesbitt Burns at an approved third-party storage facility. , and hold it in a custodial account operated by BMO Nesbitt Burns at an This program makes it easy to purchase and own gold.
The gold is allocated (it is held on a segregated basis — title to the gold is unencumbered and secure)
All gold is stored at an approved third-party storage facility. The facility is responsible for, and bears the risk of loss of, and damage to, the gold bullion in its custody.
There are no annual storage fees or annual MER. Fees will apply if physical delivery is requested. BMO may earn revenues (or suffer losses) from the sale of gold bullion.
Minimum purchase is one ounce
The program also offers you the ability to take delivery of your gold. Talk to me/us today to find out if the BMO Gold Deposit Program could be right for your portfolio. The Gold Deposit Program is not available to residents of PEI or the Territories. Once physical gold bullion is taken out of the deposit system (i.e. physically delivered), BMO will not be in a position to buy it back.Physical delivery may only be made to Canadian residents with a valid Canadian address that corresponds to the BMO Nesbitt Burns book of record. Before participating in either Program, it is absolutely essential that Clients carefully review fully and in their entirety the Disclosure Statement and related Terms and Conditions applicable to the Program and consult with their Investment Advisor before participating in either the Gold Deposit Program or the Gold Delivery Program. Clients should be aware that electing to take physical delivery of gold bullion involves certain considerations, risks, and limitations, including, without limitation that an investment in gold bullion is speculative and past performance of the price of gold bullion is not indicative of future performance. Once physical gold bullion is taken out of the deposit system (i.e. physically delivered), BMO Financial Group or BMO Nesbitt Burns will not be in a position to buy it back.
The Panteluk Wealth Advisory Group