BMO Launches Silver Deposit Program
Allows investors to hold physical, allocated silver instead of paper
TORONTO, ONTARIO -- (Marketwire) -- 11/26/12 -- BMO Financial Group
is expanding its Canadian precious metals deposit service offering
with the addition of the BMO Vaulted Physical Silver Deposit Program.
BMO launched its Gold Deposit Program in September 2011.
"Since the launch of our Gold Deposit Program, there has been an
overwhelming amount of demand for real physical precious metals
products in the Canadian marketplace," said Simon Carling, Managing
Director, BMO Capital Markets. "Physical silver offerings that
completely avoid the use of derivatives, unallocated metal, or
certificates are surprisingly difficult to find-which may explain why
they are so highly sought after."
BMO's vault-based programs are designed to take the guesswork out of
a physical precious metal investment. All programs are backed on an
ounce-for-ounce basis with real, physical bullion at all times.
Highlights of this program:
-- All bullion is separated and identifiable at a secure and approved vault
facility in Canada
-- The bullion cannot be loaned, swapped or used for other purposes
-- All bullion is unencumbered
-- All bullion is segregated from the assets of BMO Financial Group
-- No annual storage fees or MER. Withdrawal and delivery fees may apply
-- Physical delivery is available upon request
For more information please visit: www.bmobullion.com.
To learn more, clients should contact their Investment Advisor and
obtain a copy of the Disclosure Statement and Terms and Conditions
for the Program. Neither Bank of Montreal, BMO Nesbitt Burns nor any
of their respective affiliates provide any guarantee as to the value
of silver under this Program. The silver under this Program will not
constitute deposits that are insured under the Canada Deposit
Insurance Corporation Act or any other deposit insurance regime.
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American
financial services provider, with 2,200 employees operating in 29
offices worldwide, including 16 in North America and offering
corporate, institutional and government clients access to a complete
range of investment and corporate banking products and services. BMO
Capital Markets is a member of BMO Financial Group, one of the
largest diversified financial services providers in North America
with total assets of $542 billion and more than 46,000 employees as
at July 31, 2012.
For media enquiries, please contact:
Alexis Brown, Toronto
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