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Precious Metals

Precious Metals Explained

Metals that are rare or have a high economic value.

Rarity, uses in industrial processes and as an

investment commodity drive the relative value.

2 Precious Metals | Scotia iTRADE

What are Precious Metals?

Precious Metals Explained

A precious metal is defined as a bar, ingot, coin

or wafer of

Gold

Silver

Platinum

refined to a minimum purity of 99.50% in the

case of gold and platinum, and 99.9% in the

case of silver.

Why Buy Precious Metals?

The fear of future inflation drives commodity

prices higher, and holding metals is one way of

spreading portfolio risk. There are different

ways that allow you to invest in Precious

Metals:

Physical (bar, coin, bullion)

Precious Metals tracking Equities ETFs

Precious Metals tracking Equities ETNs

Precious Metal Mutual Funds

Mining Stocks

Options on Precious Metal ETFs, ETNs, or

Mining Stocks

Precious Metals

Ancient cultures created gold jewellery and early forms of money

were crafted from gold. It has been a symbol of wealth for ages,

and the fascination with gold remains strong.

3 Precious Metals | Scotia iTRADE

Purchase Certificates

You can purchase Scotiabank Gold and Silver Certificates with Scotia iTRADE over

the phone to hold in your registered and non-registered accounts. Minimum size

is 10 ounces for a gold certificate and 500 ounces for a silver certificate. You also

have the option of using ScotiaMocatta, a global leader in precious and base

metals innovation, to purchase physical bullion (bars and coins) for home

delivery.

Common Precious Metals

Questions

How can I purchase certificates?

You can purchase Scotiabank Gold and

Silver Certificates with Scotia iTRADE over

the phone to hold in your registered and

non-registered accounts. Minimum size is

10 ounces for a gold certificate and 500

ounces for a silver certificate. You also

have the option of using ScotiaMocatta, a

global leader in precious and base metals

innovation, to purchase physical bullion

(bars and coins) for home delivery.

Are Precious Metals RSP-eligible?

Gold and silver are qualified investments in

tax-deferred accounts such as RSPs and

RIFs. Certificates can be held within a Self-

Directed RSP at Scotia iTRADE.

Are Precious Metals taxed?

Gold, silver and platinum products are

exempt from HST/GST. Palladium products

are subject to HST/GST. Provincial sales tax

is applicable in the following provinces:

Saskatchewan, Manitoba and PEI. Sales tax

is applied on the Canadian dollar value of

the total cost of the transaction.

What is the difference between

"Allocated" and "Unallocated" Gold?

Allocated gold is bullion held by a bank on

behalf of the owner. The gold is separated

from other metal that may be held by the

bank and is identifiable by its unique bar

numbers. Unallocated gold is a claim on

The Bank of Nova Scotia for the ounces

entitlement to a specific quantity of gold

bullion.

What is the Daily Purchase Limit?

$9,500 CDN (subject to change based on

market volatility).

What are the Purchasing Hours?

8 a.m. – 12:00 a.m., EST Monday through

Thursday

8 a.m. – 5:00 p.m., EST on Friday

You can also buy stocks, ETFs and Mutual Funds holding shares in mining companies. If you're looking for more general information about Precious Metals, visit our Precious Metals page. Learn more

Mailing address Scotia iTRADE PO Box 4002 Station A Toronto, ON M5W 0G4

Investor Information Centre 48 Yonge Street (Yonge/Wellington) Toronto, ON, M5E 1G6 Tel: 1-888-769-3723 Email: education@scotiaitrade.com

Scotia iTRADE® (Order-Execution Only Accounts) is a division of Scotia Capital Inc. ("SCI"). SCI is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions. ®Registered trademark of The Bank of Nova Scotia. Used under license.

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