BMO Financial Group
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BMO Financial Group
BMO InvestorLine

BMO InvestorLine

December 12, 2011 10:17 ET

BMO InvestorLine's New Gold Program Provides Clients with Easy Access to Bullion

- New program offers simple and cost effective way to buy and hold physical gold

- Allows investors to hold gold in a custodial account or arrange for home delivery

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2011) - BMO InvestorLine today announced the launch of its new Gold Deposit and Delivery Program, a unique feature that offers a simple and cost effective way for BMO InvestorLine clients to buy and hold physical gold in their portfolios.

The program allows investors to purchase physical gold through BMO InvestorLine and either have it held in a custodial account operated by BMO Nesbitt Burns at an approved third-party storage facility or delivered to their home.

Program details:

  • Clients of BMO InvestorLine purchase gold through the BMO InvestorLine call centre
  • Purchased gold is deposited in a custodial account operated by BMO Nesbitt Burns at an approved third-party storage facility
  • The facility is responsible for, and bears the risk or loss of and damage to, the gold bullion in its custody
  • Investors pay no annual storage fees, no annual MER and the minimum purchase is one ounce
  • The program offers daily liquidity and physical withdrawal and delivery options

"With recent markets being quite volatile, having the ability to own physical gold is an option many investors find appealing," said Cesar Rainusso, Vice President, BMO InvestorLine. "Including gold in an investment portfolio provides diversification and we are happy to provide this unique feature that will help fulfill the needs of our clients."

Physical gold can be purchased through the BMO InvestorLine call centre at 1-888-776-6886.

About BMO InvestorLine

BMO InvestorLine is a leading online investing service which provides self-directed investors with efficient trade execution for a wide range of investments, including stocks, options, bonds, GICs and mutual funds. Clients have access to trading, quotes and account information 24 hours a day through a website or Automated Telephone Trading. BMO InvestorLine also provides users with third party research, along with leading edge tools that are informative and easy to use. As an all-in-one investment source, it is a constantly evolving, cost-efficient platform that is fully compatible with tablets. Visit BMO InvestorLine at www.bmoinvestorline.com.

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