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Is investing/buying gold by weight through a web-based company a good long term investment?



Our response:

We aren’t able to provide investment advice so we can’t tell you whether this would be a good investment for you. However, here are some questions you may want to think about before you consider making an investment decision:

  1. What do you know about the company? Always check to ensure the company offering the investment is permitted to sell investments in your province or territory. For example, you can search for public company information on the System for Electronic Document Analysis and Retrieval (SEDAR). The OSC’s Inquiries and Contact Centre may also be able to help you determine whether a company or an investment you are considering is legitimate. Contact them to learn more.
  2. Do you understand the investment risks? Every investment carries risk, and it’s important to understand what these risks are and how they may affect the value of your investment before you consider purchasing.
  3. Does this investment fit in my overall investment plan? No one investment is right for everyone. If you’re not sure, consider speaking to a registered financial advisor who can help you create an investment plan to reach your specific goals.

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