Gold Investment Product Demand Strong

Gold Investment Product Demand Strong ; statement Royal Canadian Mint raised $600 million in an initial public dickering of securities  tied to its gold  reserves, more than double its forecasted objective, according to Bloomberg sources.The new gold investment product was initially intended by the Mint to raise $250 million from sales in Canadian or United States dollars at $20 or $19.29 per unit. Although the terms of the sale are not disclosed publicly, strong demand from institutional and retail investors increased the size of the sale.