This summer, Team Canada brought home nine gold medals from the Paris Olympic Games, part of the country’s second-highest medal count at an Olympic Summer Games. In the case of the Paris winning medals, each boasts six grams of pure gold covering a solid silver disk, with, in this case, the added flourish of an iron piece from the Eiffel Tower.
For those looking for winning investments, precious metals such as gold are seen as safe, as well as a hedge asset against inflation, especially during economic uncertainty. In fact, from 1990 to 2020, the price of gold increased by around 360 per cent¹ and from 2005 to 2020, gold even outperformed stocks. Central banks across the globe hold significant gold reserves, indicating confidence in gold as a stable asset.
To satisfy evolving customer needs, Central 1 is pleased to offer a selection of precious metals products with attractive pricing and convenient settlement to credit unions in B.C. and Ontario. Gold and currency can be jointly shipped to your branch, with no additional cost for deliveries. With worldwide trade in gold and silver on the increase, this product offering provides your members with long-term stability against market volatility and portfolio diversification opportunities.
Coastal Community Credit Union, one of the first credit unions to offer precious metals to members, appreciates the ease and support: “Central 1 gave us the ability to offer this option to our members with minimal additional cost to our credit union, which allows us to include precious metals as part of the complete suite of products we can offer. This product offering is something our members had been asking for, and we would recommend others consider this as an option to their product suite as well.”
It’s no coincidence that precious metals are the awards given to celebrate human achievements. In many communities and cultures, gold is also seen as a symbol of wealth and prosperity, or even health and vitality, and it’s commonly used or given at celebrations and weddings. Indeed, swimmer and three-time gold medalist Summer McIntosh and her gold-plated teammates became a symbol of abundance (strength) and a celebration of vitality for all of Canada.
¹TradingView: Gold Futures
