Wide array of coins and bars conveniently available for investing, gifts or commemorative purposes

TORONTO, April 25, 2014 /CNW/ - Canadians looking to buy gold and silver now have fast and convenient options at CIBC (TSX: CM) (NYSE: CM) branches and a new online store, which can also be accessed via a mobile device.

High quality gold and silver bars, coins including collectibles and certificates are available for purchase at all CIBC branches across Canada.  Bars and coins can also be ordered online at: https://www.preciousmetals.cibc.com. Branch, online and mobile purchases may be made by CIBC clients and by those who currently bank elsewhere.

Key features of CIBC's gold and silver service include:

• Secure online ordering 24 hours a day
• Live market pricing
• Branch and home delivery options
• Bars and coins in various denominations, as well as collector and commemorative coins

"Our clients have told us they want a simple, straightforward option to buy precious metals and that's why we are making it easier and faster for Canadians to purchase gold and silver," said Larry Tomei, Senior Vice President, National Sales and Service, CIBC. "Whether it is to mark a special occasion for a family member, or to hold for investing purposes, CIBC now gives Canadians access to buying precious metals when, where, and how they like."

Precious Metals More Popular Among Canadians

Mr. Tomei noted that there are many reasons Canadians buy gold and silver - including as gifts for important occasions, or as an investment holding. "We have clients who want to hold physical precious metals as part of a broad diversification strategy, and we also have clients who come to us to buy gold and silver to celebrate a special occasion," said Mr. Tomei.

While there has always been a demand for gold and silver among Canadians, the bank says clients may not be aware that they can buy these items directly through CIBC. "We have a long history of helping Canadians purchase gold and silver. We've enhanced that service by making it simpler and by expanding our product offering.  We've also responded to clients seeking a self-serve online option they could use from the comfort of their own home," says Vineet Malhotra, Managing Director, Capital Markets Trading at CIBC World Markets.

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.

SOURCE CIBC