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Canadians snap up gold bars and coins amid stock and bond market turmoil

Section: Daily Dispatches

By Meera Raman
The Globe and Mail, Toronto
Thursday, June 5, 2025

At first glance, a one-ounce gold bar doesn't look like much -- it's about the size of a loonie. But pick it up and you'll feel the difference. It's heavy, about 19 times denser than water and nearly twice as dense as steel.

In uncertain times, that weight carries more than just physical heft. For many Canadians, it represents stability -- something dollars or digital assets can't always guarantee.

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At Global Bullion Suppliers, a gold dealer in Toronto, owner Max Smirnov has seen one of the busiest seasons in recent memory. Sales are up 25 to 30% compared to last year, he said.

He's noticed a pattern: Fear moves people. Whenever news stokes anxiety, people enter the store like clockwork, he said. The loonie drops in value? A flood of customers. "Liberation Day" tariffs? More gold purchases.

"People are looking at gold as a safe haven against the unknown future," Mr. Smirnov said.

That instinct is being felt across the country. As economic uncertainty deepens and financial markets whip back and forth, demand for gold is surging. From bullion bars to Maple Leaf coins, many Canadians are seeking refuge in one of the oldest and most tangible forms of financial security.

And a growing share of them are younger. Gold dealers say they're seeing more buyers in their 20s and 30s – people who might otherwise have considered real estate or cryptocurrencies but now see physical gold as a steadier, more emotionally reassuring store of value. ...

For the remainder of the report:

https://www.theglobeandmail.com/investing/personal-finance/retirement/article-the-new-gold-rush-investors-snap-up-bars-and-coins-amid-stock-and-bond/

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