AMERICAN GOLD EAGLE — JANUARY 16, 2020
🪙 91.67% Purity · NOT GST/HST-exempt · RRSP/TFSA: No (below 99.5%)
On Thursday, January 16, 2020, the American Gold Eagle was priced at C$2,120.57 in Canadian Dollars. This included the spot price of C$2,019.59 plus a typical dealer premium of C$100.98 (5.0% over spot). Gold fell C$8.31 (-0.41%) from the previous session.
The American Gold Eagle is the official US gold bullion coin, produced by the US Mint since 1986. While extremely popular in the United States, Canadian buyers should note that its 91.67% purity (22 karat) means it does NOT qualify for GST/HST exemption in Canada and is NOT eligible for RRSP/TFSA registration. Canadian investors may prefer the Gold Maple Leaf for tax advantages.
In 2020, gold in CAD traded between C$1,977.73 and C$2,721.27, with an annual average of C$2,376.14. This day's price was -15.0% below the yearly average and -25.8% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$2,019.59 |
| Premium (5.0%) | +C$100.98 |
| American Gold Eagle | C$2,120.57 |
| Per Gram | C$68.18 |
CANADIAN DEALER PRICES — JANUARY 16, 2020
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,084.59 | C$65.00 |
| Sprott Money | C$2,097.59 | C$78.00 |
| SilverGoldBull | C$2,074.59 | C$55.00 |
| TD Precious Metals | C$2,114.59 | C$95.00 |
| Royal Canadian Mint | C$2,129.59 | C$110.00 |
| Border Gold | C$2,089.59 | C$70.00 |
📊 Market Analysis — January 16, 2020
❓ 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
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.
Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$2,120.57 |
| Per Gram | C$68.18 |
| Per Kilogram | C$68,177.81 |
| Per Pennyweight (1.555g) | C$106.03 |
| Per Tola (11.66g) | C$795.21 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides