News Summary

Wealthsimple has launched a new feature allowing customers to buy physical gold directly through its app. Customers can now redeem their gold holdings for coins minted by the Royal Canadian Mint. The gold purchased is stored securely, and no storage fees apply. Once a customer accumulates enough gold, they can opt for home delivery of the coin, which arrives fully insured. Wealthsimple’s collaboration with Silver Gold Bull facilitates sourcing, custody, and shipping, making it the only Canadian brokerage offering fully online gold transactions with 24/7 trading.