Investment Q&A

Q: Hello 5i Team

I would like to hold a percentage of my taxable accounts in gold (represented by an etf) in both Canadian and US dollars. My taxable account is approximately 2/3 C$ denominated and 1/3 US$ denominated.

My criteria are:

1 - One product has to be dominated in Canadian dollars and the second product has to be denominated in US dollars

2 - the product has to be Canadian domiciled to avoid T-1135 reporting and US estate tax issues.

3 - Two separate products are required to keep ACB tracking simplified.

4 - Product has to be denominated in C$ and US$

Reviewing previous answers, the products I think are representative are:

MNT.CA / MNT.US

PHYS.CA / PHYS.US

Questions

1 - Does this strategy seem reasonable?

2 - Are there any other products I should be looking at?

3 - Which product would be your first choice and which would be second choice.

Thank you

Q: Can you explain how buying this ETR in US dollars (MNT.U) works when it is traded on a Canadian stock exchange in comparison to MNT? Am I actually getting US dollars when I sell it or are these converted to C$ with a corresponding hit because of exchange rate? Is it better to buy MNT or MNT.U? Thank you.

Q: Re: Lorrianes question on holding gold.
As an option there are these two ETR's available through the Canadian Mint (US and CDN) . I believe they will send you the gold if you have a full 10000 ETR's. Here is the website link
https://www.reserves.mint.ca/tsx_gold/#/
TSX symbols MNT:CA , MNT.U:CA