SPROTT MONEY GOLD PRICE — JUNE 7, 2002
🏪 Sprott Money — 1 oz Gold Bar Price (CAD)
On June 7, 2002, a 1 oz Gold Bar from Sprott Money was priced at C$516.21 per troy ounce in Canadian Dollars. This included the CAD spot price of C$438.21 plus a dealer premium of C$78.00 (17.80%). The gold spot price fell by -0.40 (-0.09%) compared to the previous trading day.
PRICE BREAKDOWN — JUNE 7, 2002
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$438.21 |
| Sprott Money Premium | +C$78.00 |
| Sprott Money 1 oz Bar Price | C$516.21 |
SPOT PRICE OHLC — JUNE 7, 2002
| Metric | Price (CAD) |
|---|---|
| Open | C$439.43 |
| High | C$442.13 |
| Low | C$437.26 |
| Close | C$438.21 |
| Change | ▼ -0.40 (-0.09%) |
COMPARE DEALERS ON JUNE 7, 2002
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$503.21 | C$65.00 |
| Sprott Money ✓ | C$516.21 | C$78.00 |
| SilverGoldBull | C$493.21 | C$55.00 |
| TD Precious Metals | C$533.21 | C$95.00 |
| Royal Canadian Mint | C$548.21 | C$110.00 |
| Border Gold | C$508.21 | C$70.00 |
ABOUT SPROTT MONEY
Sprott Money Ltd., a subsidiary of Sprott Inc. (TSX: SII), is a leading Canadian precious metals dealer based in Toronto. Visit the Sprott Money dealer page for current live prices. See the gold spot price on June 7, 2002 for the full market overview.
📊 Market Analysis — June 7, 2002
❓ Frequently Asked Questions
❓ Is shipping gold safe in Canada?
Major dealers ship via insured courier (Canada Post Xpresspost, Purolator) with full insurance coverage. All packages are discreetly labelled with no indication of contents. Free shipping thresholds typically range from C$200–C$500 depending on the dealer.
❓ What payment methods are accepted?
Canadian gold dealers accept bank wire transfers (lowest premiums), e-Transfer/Interac, credit cards (2–3% higher premiums), and in some cases PayPal or cryptocurrency. Bank wire is recommended for orders over C$5,000.
❓ How do I verify gold authenticity?
Reputable Canadian dealers like Kitco and Sprott Money sell only assayed products from LBMA-approved refiners. The Royal Canadian Mint includes anti-counterfeiting features on Maple Leaf coins including micro-engraved laser marks and radial lines visible under magnification.
💡 Canadian Gold Investor Guide
Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.
Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$516.21 |
| Per Gram | C$16.60 |
| Per Kilogram | C$16,596.51 |
| Per Pennyweight (1.555g) | C$25.81 |
| Per Tola (11.66g) | C$193.58 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides