Redemption Calculator

Determine ETR Entitlement to Gold

Select Redemption Date:

Enter Number of ETRs:
    There is a minimum redemption of 10,000 ETRs.

Select currency of ETRs:
US$     CDN$

Entitlement to Gold:
106.7799788 troy Ounces


Physical Redemption

Based on above entitlement to gold calculation.

# of tubes of 1 oz GML coins (1 tube=10 GML coins):
= 1,873 ETRs; fabrication fee = $1,294.80

# of gold kilobars:
= 24,085 ETRs; fabrication fee = $3,857.76

# of London Good Delivery bars:
= 74,920 ETRs; fabrication fee = $800.00

Note: Approximate value, London Good Delivery bars vary in weight from 350 to 430 troy ounces



Physical Redemption totals:

Physical Redemption Fee: $81.19
Fabrication Fees: $5,952.56
Total Fees $6,033.75
ETRs required for gold products: 100,878
ETRs to cover fees: 436
Total ETRs required: 101,314
Remaining ETRs: -91,314
Cash for remaining ETRs: -$1,262,872.62

ETRs representing less than 10 troy ounces of physical gold bullion will be paid in cash by the Mint at the NAV per ETR on the Redemption Date.

The gold price for redemptions will be determined by the Bank of Canada USD/CDN exchange rate and the London PM Fix on the redemption date (the 15th of each month or, if not a business day, the next business day).



Cash Redemption:

Based on above entitlement to gold calculation.

Approximate Cash Value: $138,258.72
Cash Entitlement (95%): $131,345.78

The gold price for redemptions will be determined by the Bank of Canada USD/CDN exchange rate and the London PM Fix on the redemption date (the 15th of each month or, if not a business day, the next business day).

These are estimated figures. Actual values may differ.