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1OZ GOLD BAR — APRIL 5, 2013

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

C$1,635.75
Premium: C$39.90 (2.5%)

On Friday, April 5, 2013, the 1oz Gold Bar was priced at C$1,635.75 in Canadian Dollars. This included the spot price of C$1,595.85 plus a typical dealer premium of C$39.90 (2.5% over spot). Gold rose C$22.09 (+1.40%) 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 2013, gold in CAD traded between C$1,268.01 and C$1,682.08, with an annual average of C$1,448.18. This day's price was 10.2% above the yearly average and -5.1% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$1,595.85
Premium (2.5%)+C$39.90
1oz Gold BarC$1,635.75
Per GramC$52.59

CANADIAN DEALER PRICES — APRIL 5, 2013

Dealer1 oz Bar (CAD)Premium
KitcoC$1,660.85C$65.00
Sprott MoneyC$1,673.85C$78.00
SilverGoldBullC$1,650.85C$55.00
TD Precious MetalsC$1,690.85C$95.00
Royal Canadian MintC$1,705.85C$110.00
Border GoldC$1,665.85C$70.00

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📊 Market Analysis — April 5, 2013

Gold has historically served as an effective hedge against inflation and currency depreciation in Canada. Central bank policies, including the Bank of Canada's interest rate decisions, directly influence the attractiveness of gold relative to fixed-income investments. Gold mining stocks on the TSX (Toronto Stock Exchange) — including Barrick Gold, Agnico Eagle, and Kinross Gold — offer leveraged exposure to gold prices. However, physical bullion provides direct price exposure without management risk, dilution, or operational challenges. Many Canadian financial advisors recommend a mix of both.

❓ 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$1,635.75
Per GramC$52.59
Per KilogramC$52,590.51
Per Pennyweight (1.555g)C$81.79
Per Tola (11.66g)C$613.41

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