Home›Products›1oz Gold Bar›October 20, 2000

1OZ GOLD BAR — OCTOBER 20, 2000

🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes

C$375.27
Premium: C$9.15 (2.5%)

On Friday, October 20, 2000, the 1oz Gold Bar was priced at C$375.27 in Canadian Dollars. This included the spot price of C$366.12 plus a typical dealer premium of C$9.15 (2.5% over spot). Gold rose C$1.48 (+0.41%) from the previous session.

1oz gold bars are produced by refiners worldwide, including the Royal Canadian Mint, PAMP Suisse, and Valcambi. Canadian investors favour bars from LBMA-approved refiners, which ensure quality and resale value. Investment-grade gold bars with 99.5%+ purity are GST/HST-exempt and eligible for RRSP/TFSA registration in Canada.

In 2000, gold in CAD traded between C$356.26 and C$375.84, with an annual average of C$364.88. This day's price was 0.3% above the yearly average and -2.6% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$366.12
Premium (2.5%)+C$9.15
1oz Gold BarC$375.27
Per GramC$12.07

CANADIAN DEALER PRICES — OCTOBER 20, 2000

Dealer1 oz Bar (CAD)Premium
KitcoC$431.12C$65.00
Sprott MoneyC$444.12C$78.00
SilverGoldBullC$421.12C$55.00
TD Precious MetalsC$461.12C$95.00
Royal Canadian MintC$476.12C$110.00
Border GoldC$436.12C$70.00

RELATED

Spot October 20, 2000 1oz Gold Bar All Products Compare Dealers

📊 Market Analysis — October 20, 2000

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Geopolitical tensions — including trade wars, military conflicts, and sanctions — historically drive gold higher as investors seek safe-haven assets. The Canadian Dollar, as a commodity currency tied to oil prices, can weaken independently during global uncertainty, creating a double tailwind for gold priced in CAD.

❓ Frequently Asked Questions

❓ Can I hold gold in my RRSP or TFSA?

Gold bars and coins with 99.5%+ purity from approved refiners can be held in a self-directed RRSP or TFSA through a qualified custodian. Storage is handled by approved vault facilities like those operated by the Royal Canadian Mint.

❓ Is this product GST/HST-exempt in Canada?

Under the Excise Tax Act, investment-grade gold bullion with 99.5% or higher purity is exempt from GST/HST across all Canadian provinces. Products below this threshold (e.g., American Eagle at 91.67% gold) are subject to full provincial sales tax.

❓ How should I store gold safely at home?

If storing at home, use a UL-rated fire-resistant safe bolted to concrete. Consider a rider on your home insurance policy. For larger holdings, allocated vault storage through Kitco Pool or Sprott Money provides institutional-grade security.

💡 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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$375.27
Per GramC$12.07
Per KilogramC$12,065.19
Per Pennyweight (1.555g)C$18.76
Per Tola (11.66g)C$140.73

📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides