Bullion Account vs Bank Account

Why Keep Your Money in an Institution That Isn’t Legally Obligated to Return It?

Understanding the importance of protecting wealth through a precious metals account is essential in today’s financial environment.
When you deposit money in a bank, you essentially become an unsecured lender to an institution that may occasionally face insolvency. It’s time to move your savings out of the bank and into a fully insured, instantly liquid bullion account.

Canada Deposit Insurance Corporation (CDIC) – Protecting Your Deposits
What is the CDIC?
The Canada Deposit Insurance Corporation (CDIC) is a federal crown corporation established by Parliament in 1967 to protect deposits in the event that a member institution becomes insolvent. CDIC provides coverage for eligible deposits up to a maximum of $100,000 per depositor, per insured category.
Coverage is automatic and free for customers. If a member institution fails, CDIC will reimburse insured deposits, including any earned interest, up to the $100,000 limit per insured category.
Eligibility for Deposit Insurance:
To qualify for CDIC insurance, a deposit must meet the following criteria:

• Payable in Canada
• In Canadian, U.S., or foreign currency

Eligible deposit types include:

• Savings accounts
• Chequing accounts
• Term deposits / Guaranteed Investment Certificates (GICs)
• Money orders and bank drafts issued by a CDIC member institution
• Certified cheques
• Wires and drafts

As of April 2020, CDIC insures $968 billion in deposits, covering 14% more year-over-year. Total deposits by CDIC’s 85 member institutions reached $4.6 trillion, with $3.8 trillion held in Canada and the remainder in foreign subsidiaries.
For more information, visit CDIC's 2021 Annual Report.

Why Own Precious Metals?
Throughout history, physical precious metals have demonstrated an unmatched ability to preserve and increase in value. Unlike fiat currency, the purchasing power of precious metals has stood the test of time. Analysts like Jim Rickards and Ron Paul predict that the value of gold and other precious metals could increase significantly in the coming years, making them a key asset for wealth generation.
In today’s global economic climate, one of the best ways to preserve capital and secure a more stable financial future is by diversifying into physical precious metals.

IGV Bullion Accounts  - PMI Vaulting
IGV’s bullion accounts allow for the purchase of physical bullion, which can be immediately delivered to your home or stored in an insured vault. With our bullion accounts, you gain:

• Access to buy and sell precious metals in worldwide markets.
• The ability to place stop orders for more control.
• Storage at independent, insured, allocated, and secure depositories around the world.
• Flexibility and efficiency of buying or selling in 1-ounce increments at bulk prices, with instant liquidity Sunday to Friday.
• The option to take physical delivery of your product at any time from our storage partners.

Who is PMI?
Precious Metals International, Ltd. (PMI) is a leading wholesale provider of physical precious metals, including gold, silver, platinum, and palladium. With almost two decades of experience, PMI only deals in physical bullion—no futures, options, securities, or derivatives. All products are sourced from Hallmark refineries and are exchange-approved to trade in global markets.
PMI works with the most respected storage and security companies in the world, such as Brinks, IDS, The Perth Mint, Strategic Wealth Preservation, Loomis, and Malca-Amit. Clients have the option to store their bullion in secure vaults or take delivery at their preferred location. The product is always available for sale or for use as collateral to access a line of credit.

How to Open a Bullion Account
To open your own IGV pysical bullion account, visit our landing page, click "Open Account," and follow the steps. If you need assistance, please contact us toll-free at 833-221-4555 or complete our contact form for more information.

Rob McInerney
President, International Gold Vault Ltd.