What about taxing profits on bullion in Canada?

I'm curious about in Canada. I admit I don't know much.

Would it be a 50% capital gains tax on the profit? Would you have to register the sale at all? Would it just depend on whether you were holding it indside or outside of a trading account?

As far as I know, ETF's would be eligible for dividend tax rate, and eligible investments for RRSP's.

As far as that goes, does anyone know if the new proposed registered savings accounts can be use to trade? 

MR