AMERICAN GOLD BUFFALO — FEBRUARY 14, 2022
🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes
On Monday, February 14, 2022, the American Gold Buffalo was priced at C$2,495.59 in Canadian Dollars. This included the spot price of C$2,376.75 plus a typical dealer premium of C$118.84 (5.0% over spot). Gold rose C$33.04 (+1.41%) from the previous session.
The American Gold Buffalo is the US Mint's 99.99% pure gold coin, introduced in 2006. Unlike the American Eagle, the Buffalo's high purity means it IS GST/HST-exempt in Canada and IS eligible for RRSP/TFSA registration—making it an attractive alternative for Canadian investors who appreciate American coin designs.
In 2022, gold in CAD traded between C$2,187.41 and C$2,611.61, with an annual average of C$2,340.30. This day's price was 1.6% above the yearly average and -9.0% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$2,376.75 |
| Premium (5.0%) | +C$118.84 |
| American Gold Buffalo | C$2,495.59 |
| Per Gram | C$80.24 |
CANADIAN DEALER PRICES — FEBRUARY 14, 2022
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,441.75 | C$65.00 |
| Sprott Money | C$2,454.75 | C$78.00 |
| SilverGoldBull | C$2,431.75 | C$55.00 |
| TD Precious Metals | C$2,471.75 | C$95.00 |
| Royal Canadian Mint | C$2,486.75 | C$110.00 |
| Border Gold | C$2,446.75 | C$70.00 |
📊 Market Analysis — February 14, 2022
❓ Frequently Asked Questions
❓ What is the best size to buy for Canadian investors?
For most Canadian investors, 1oz gold bars or Canadian Gold Maple Leaf coins offer the best balance of premium and liquidity. Larger bars (10oz, kilo) have lower premiums per ounce but can be harder to liquidate in smaller amounts.
❓ 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.
💡 Canadian Gold Investor Guide
When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips — gold rewards patient holders.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$2,495.59 |
| Per Gram | C$80.24 |
| Per Kilogram | C$80,234.97 |
| Per Pennyweight (1.555g) | C$124.78 |
| Per Tola (11.66g) | C$935.85 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides