Beyond bullion: Smarter ways for Canadians to invest in gold Oct 20th

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Gold prices are flying. As of October 17, the spot price of gold is trading at $5,928 per ounce in Canadian dollars, or roughly $4,227 in U.S. dollars. The surge comes on the back of what Wall Street has dubbed “the debasement trade.” In simple terms, this refers to investors reacting to long-term macroeconomic trends such as loose monetary policy, ballooning U.S. debt, and erosion in the real value of paper currencies. When fiat money can be created endlessly, hard assets that cannot be debased—like gold—stand out as stores of value.

Images of people lining up at gold dealers around the world have become common again, and Canada is no exception. As early as September 2023, Global News reported a “gold rush” at Costco, where one-ounce gold bars were selling out within hours of being listed online.

But before giving in to the fear of missing out, it may be worth considering some alternatives to physical gold. Investment case aside, there are several practical reasons why owning bullion directly may not be the best approach for many investors…

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