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Kitco

Canada · 64 products tracked

Kitco Metals Inc. is a major international precious metals dealer headquartered in Montreal, Canada, founded in 1977. The company buys and sells gold, silver, platinum, palladium, and rhodium bullion, and also offers pool allocated accounts, refining, storage, and IRA/RSP services. Kitco operates physical counters in Montreal and Hong Kong, with a fulfilment centre in the United States. The company is also widely known for Kitco News, its financial media division covering precious metals markets.

Est. 1977 Montreal, Hong Kong (two locations) Visit website

48 products

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+0.92% $135,203.33
+1.76% $13,632.87
+1.96% $4,248.59
+2.80% $4,283.60
+3.06% $4,294.40
+3.64% $1,079.60
+3.64% $4,318.40
+3.83% $4,326.40
+4.26% $4,344.40
+4.27% $4,344.60
+4.76% $701.69
+5.17% $4,382.40
+5.18% $4,382.60
+5.39% $4,391.40
+6.86% $1,791.99
+7.31% $6,999.00
+7.47% $448.07
+7.72% $4,488.40
+7.95% $1,125.16
+8.20% $4,510.80
+9.01% $71.10
+9.54% $1,837.00
+9.87% $458.07
+10.53% $7,209.00
+11.47% $746.68
+12.84% $7,370.00
+13.45% $741.00
+14.50% $373.40
+14.67% $239.03
+14.69% $748.00
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About Kitco

Kitco Metals: Montreal Dealer, Refiner and Market News Publisher

Kitco Metals Inc. is a precious metals dealer headquartered at 620 Cathcart in downtown Montreal, Quebec. Founded in 1977 by Bart Kitner, the company sells gold, silver, platinum, palladium and rhodium bullion in bar and coin form, and offers pool allocated accounts, allocated storage, refining services and IRA and RSP-linked precious metals investment. Storage is available at the Royal Canadian Mint's vaults, at COMEX-approved depositories in the United States and at facilities in Hong Kong.

Kitco is listed as an authorized bullion dealer by the Royal Canadian Mint, with separate listings for Kitco Metals Inc., serving Canada and the United States, and Kitco (H.K.) Metals, serving Hong Kong. The current federal corporation, Kitco Metals Inc. (Métaux Kitco Inc. in French), was incorporated in December 1998 and traded as Kitco Precious Metals Inc. until March 2003; an earlier federal entity, Kitco Minerals & Metals Inc., had been incorporated in 1981.

The business is organised into three divisions. The Precious Metals division handles retail bullion, stocking gold coins and bars from government mints alongside silver, platinum, palladium and rhodium products, and runs the storage, pool account and VaultChain digital trading services. The Refining division, the company's original activity, buys and processes scrap precious metals from jewellers, pawnshops, antique dealers, manufacturers and dental laboratories. Kitco Media produces Kitco News, Kitco Mining, Kitco Crypto and Kitco Education, with bureaus in Montreal, New York, Hong Kong and Vancouver and a Chinese-language site at kitco.cn.

Customers can visit a counter at the Montreal head office by appointment, while two retail counters in Hong Kong, at the Shun Tak Centre in Sheung Wan and the Man Yee Arcade, serve the Asia Pacific market. A New York office acts as the company's fulfilment centre for orders in the United States.

From a $700 Loan at McGill to Digital Gold Trading

Bart Kitner founded the business that became Kitco in 1977, while still a student at McGill University in Montreal. Financing the venture with a $700 loan, he bought scrap gold, silver and platinum from jewellers, dentists and other fabricators across eastern Canada, had it refined, and resold the pure metal to larger companies. After graduating from McGill with a Business degree majoring in Finance, Kitner made precious metals his full-time career. The company began in his apartment, moved into an 800 square foot office in downtown Montreal, and was incorporated federally as Kitco Minerals & Metals Inc. in March 1981.

The defining step came in 1995 with the launch of kitco.com, described by the company as the first online store and real-time market information service for precious metals. The site gave ordinary buyers live spot prices, news and market commentary that had previously circulated mainly among large institutional players. A company-run discussion forum followed in 1997, originally titled the Jewellery Industry Discussion Group. The corporate structure was reorganised at the end of the decade: a new federal entity incorporated in December 1998 as Kitco Precious Metals Inc. took on the business, and was renamed Kitco Metals Inc. in March 2003.

Kitco's media operations grew through the mid-2000s into a standalone division spanning news, mining and education coverage. In March 2007 the company made its first major investment outside North America, establishing Kitco (H.K.) Metals Ltd in Hong Kong as its Asia Pacific customer service centre and launching the Chinese-language website kitco.cn at the same time. The Hong Kong entity later gained its own listing on the Royal Canadian Mint's authorized bullion dealer list alongside the Canadian parent.

In March 2018 Kitco launched VaultChain, a blockchain-based platform for trading physical gold and silver digitally, run on Tradewind's electronic platform and backed by metal held at the Royal Canadian Mint, with no minimum purchase. From 2019 the media division expanded into cryptocurrency news and data under the Kitco Crypto banner, completing the company's evolution from refining scrap metal in a Montreal apartment into a combined dealer, refiner and publisher serving customers around the world.

Kitco: frequently asked questions

Yes, Kitco is a Canadian company. It is headquartered at 620 Cathcart Street, Suite 900, in downtown Montreal, Quebec, and is incorporated federally as Kitco Metals Inc. (corporation number 3570240). The company also has a New York office for US fulfilment and opened an Asia Pacific office, Kitco (H.K.) Metals Ltd, in Hong Kong in 2007. Canada is listed on their profile here.
Kitco sells bullion coins and bars in gold, silver, platinum, palladium, and rhodium, sourced from leading government mints and refineries. It also offers allocated storage (including at Royal Canadian Mint vaults), pool accounts, IRA/RSP-linked investment services, refining, and VaultChain digital trading. Alongside dealing, Kitco runs Kitco News, a precious metals and commodity market data and media service. BullionFerret currently tracks 64 Kitco listings.
Kitco was founded in 1977 by Bart Kitner while he was studying at McGill University in Montreal, initially using a $700 loan to buy scrap precious metals from jewelers and dentists across eastern Canada. Kitner remains the sole director of Kitco Metals Inc., the federally incorporated entity. The business is privately held; no change in ownership has been publicly reported.
Reporting rules depend on where you buy and in what amounts. In Canada, dealers must file reports under FINTRAC anti-money-laundering rules for large cash transactions. In the US, dealers are required to file IRS Form 1099-B for certain sales of bullion back to a dealer that meet reportable thresholds; purchases themselves are generally not reported. In both markets, any capital gain on disposal is a taxable event: Canadian investors include 50% of any gain in taxable income; US investors face up to 28% on long-term gains.

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