Franklin Mining, Inc. (FMNJ)

[silver_bars]

RE: Complete Silver depletion by May 2007 -


CANADA MAY LAUNCH GOLD AND SILVER ETFS
Friday, July 28, 2006 - FreeMarketNews.com

The success of the American gold and silver ETFs has resource rich Canada wanting a piece of the action. Now that the Canadian government has changed legal regulations to include gold and silver as possible investments in RRSPs (Registered Retirement Savings Plans); the Royal Canadian Mint is hiring a legal team to launch tradable products on the Toronto Stock Exchange that are backed by the precious metals, according to the Globe and Mail.

The mint has announced that it has created a budget of up to $1 million to spend on legal services researching different types of tradable products structures that it could take public on the Toronto Stock Exchange. The mint would use either a public offering or private placement to launch the products. Ideally, the gold and silver backed products would resemble the popular American gold and silver ETF’s, and they would be qualified investments for retirement accounts. No timetable for the launch of the products has been set yet.

The Canadian mint has already seen such a large surge in physical demand for the metals that it can’t produce enough in order to keep up. It refines six million ounces of gold a year into maple-leaf coins and bars. It also refines silver maple leaf coins. Last year the Royal Canadian Mint’s revenues surged by 32 percent as investment demand and metals prices increased.


http://www.freemarketnews.com/WorldNews.asp?nid=17664