Gold, newest addition to RSP: A new offering from Questrade and Kitco, with storage at the Royal Canadian Mint

Toronto, ON (January 15, 2007) – Questrade Inc. and Kitco Metals Inc. will offer Canadians the opportunity to purchase gold to invest in registered savings accounts such as RRSPs and RESPs. Gold will be stored at the Royal Canadian Mint.

This new product marks the first time Canadians have direct access to buying, holding and trading physical gold within RSPs. Questrade registered accounts, including RRSPs, RRIFs and RESPs, are not charged any annual administration fees.

Physical precious metals have only been eligible to be held within registered accounts since February 23, 2005, when the Canadian government amended investment regulations, tabled in the 2005 Federal Budget. Since the amendment, Canadians had access to RSP-eligible gold only through individual shares, funds and certificates. Now they can own real gold as well as trade it within their registered plans.

“Holding actual commodities in a registered plan is significant for investors,” says Edward Kholodenko, President and CEO of Questrade Inc. “Not only will the registered plan owner save on the management fees associated with funds, he or she will be able to buy, hold and trade real gold on the spot market. This means plan owners can take immediate advantage of market movement instead of waiting for the fund manager to do it.”

Traditionally, gold ownership has appealed to investors hoping to safeguard at least part of their investments from currency instability and stock market volatility. Portfolio diversification is also a major reason for owning gold and other commodities in a registered savings plan. Building a diverse portfolio can possibly balance the risk inherent in investing. Eligible gold products are investment grade bars and Royal Canadian Mint coins with a minimum purity of 99.5%.

Questrade Inc., Canada’s fastest growing online broker, provides the self-directed registered accounts for investors. Kitco Metals Inc, a leading dealer of precious metals, will secure the gold products. The Royal Canadian Mint, with its world-class refinery and security protocols, will produce and store the gold.

Disclaimer:
Investment values (i.e. gold prices) may fall as well as rise and investors may not get back the amount invested. Past performance is not a guarantee of future performance. Questrade, Kitco and the Royal Canadian Mint do not provide investors with any legal, tax or accounting advice or advice regarding the suitability or profitability of a security or investment in an investment account. Investors assume full responsibility for transactions in their account and for their investment decisions.

About Questrade:
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading to the U.S. and Canadian stock and options markets as well as forex trading. Since its inception in 1999, Questrade has demonstrated its competitive leadership with a combination of outstanding service, advanced technology and competitive pricing structures.

About Kitco:
Since its founding in 1977, Kitco Metals Inc. has earned the reputation as one of the world’s premier retailer of precious metals. Their worldwide recognition is a tribute to the success of www.kitco.com, the most frequently accessed precious metals information website. From the onset, Kitco Metals Inc. has maintained a singular objective: to provide the highest quality customer care to the widest range of customers in its industry.

About the Royal Canadian Mint:
The Royal Canadian Mint, an ISO 9001-2000 certified company, is the Crown Corporation responsible for the minting and distribution of Canada’s circulation coins. Additionally, the Royal Canadian Mint refines and produces bullion products and has set the standard for purity recognized worldwide. In operation since 1908, the Royal Canadian Mint is one of the largest and most versatile mints in the world. For more information on the Royal Canadian Mint, its products and services, visit www.mint.ca.

For more information, please contact:
QUESTRADE:
Lynn Suderman
Manager, Communications
lsuderman@questrade.com
Tel: 416.227.9876 x371
Tel: 1.888.783.7866 x371
www.Questrade.com.

This release was published on openPR.