The Program is backed on an ounce-for-ounce basis with real, physical, bullion at all times. Our documentation is specific: We will not use or hold unallocated bullion, certificates, exchange traded products, financial instruments, or any product that represents encumbered bullion.
Canadian retail investors are asked to contact representatives at BMO Nesbitt Burns, BMO InvestorLine, or BMO Private Bank. Please ask about the BMO Gold Deposit Program.
BMO employees can contact Simon Carling, Managing Director, BMO Capital Markets, using his Outlook coordinates.
* Under the Canadian Vaulted Physical Silver Deposit Program, the Royal Canadian Mint may appoint a sub-custodian. Any sub-custodian that may be appointed by the Mint to hold Silver Bullion under the Program will be on the list of entities considered suitable to hold LBMA gold and silver pursuant to IIROC Notice 11-0047 dated February 3, 2011 (the "Notice"). The Sub-Custodian that may be appointed will perform the Mint's duties under the Program, including holding the Silver Bullion.