Move aimed at small investors, analysts say
The Royal Canadian Mint announced plans on Monday to sell gold bullion for $20 apiece through a new “exchange traded receipt.” Once the ETRs have been sold in an initial public offering, they will trade on the Toronto Stock Exchange, the Toronto Star reports. The IPO, estimated at $250 million, is believed to be a first for a national Mint. Analysts speaking with the Star described the initiative as aimed at offering small, private investors a chance to bet on today’s hottest commodity.