SOUTH AFRICAN KRUGERRAND — MAY 19, 2010
🪙 91.67% Purity · NOT GST/HST-exempt · RRSP/TFSA: No (below 99.5%)
On Wednesday, May 19, 2010, the South African Krugerrand was priced at C$1,300.55 in Canadian Dollars. This included the spot price of C$1,244.55 plus a typical dealer premium of C$56.00 (4.5% over spot). Gold fell C$19.11 (-1.51%) from the previous session.
The Krugerrand was the world's first modern gold bullion coin, introduced by South Africa in 1967. Like the American Eagle, its 91.67% purity means it is NOT GST/HST-exempt in Canada and NOT eligible for registered accounts. However, its historical significance and worldwide recognition make it a sought-after collectible.
In 2010, gold in CAD traded between C$1,114.18 and C$1,422.68, with an annual average of C$1,263.32. This day's price was -1.5% below the yearly average and -12.5% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$1,244.55 |
| Premium (4.5%) | +C$56.00 |
| South African Krugerrand | C$1,300.55 |
| Per Gram | C$41.81 |
CANADIAN DEALER PRICES — MAY 19, 2010
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$1,309.55 | C$65.00 |
| Sprott Money | C$1,322.55 | C$78.00 |
| SilverGoldBull | C$1,299.55 | C$55.00 |
| TD Precious Metals | C$1,339.55 | C$95.00 |
| Royal Canadian Mint | C$1,354.55 | C$110.00 |
| Border Gold | C$1,314.55 | C$70.00 |
📊 Market Analysis — May 19, 2010
❓ 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
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.
Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,300.55 |
| Per Gram | C$41.81 |
| Per Kilogram | C$41,813.59 |
| Per Pennyweight (1.555g) | C$65.03 |
| Per Tola (11.66g) | C$487.71 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides