In January 2007, Questrade introduced the Gold RSP, allowing clients to buy, sell and hold gold in their RSP.
Why own gold in your RSP?
No matter your risk tolerance, diversifying your portfolio is a proven method of building a foundation for growth. A diverse portfolio is better positioned to withstand stock market volatility and currency instability. The no-fee RSP from Questrade can be a strategic tool for investors looking to build a balanced asset mix. This plan gives investors direct access to buying, holding and trading real GOLD in their registered accounts.
What is the Questrade gold RSP? On February 23, 2005, the Canadian government amended eligible investment regulations to allow precious metals to be held within registered savings plans (RSPs). As of January, 2006, Canadians could finally own and trade real gold within their registered plans with the Questrade no-fee RSP. This is an exclusive offering from Questrade.
Why gold?
There are several reasons. First, gold ownership appeals to investors hoping to safeguard their investments from currency instability and stock market volatility. Second, portfolio diversification is a major reason for owning gold and other commodities in a registered savings plan. Third, the registered plan owner will be able to buy, hold and trade real gold on the spot market. This means plan owners can take immediate advantage of market movement and take real control over all investments in retirement plans.
How do I buy and trade gold in my RSP?
Simply open and fund a registered account with Questrade. You can open an account online or download the printable account application. Once your account is funded, you can place an order for gold, which will be confirmed by Questrade. You own the gold from the moment your order is confirmed.
Questrade makes no guarantees as to the market value of the gold. For full details please go to gold pricing.
