CANADIAN GOLD MAPLE LEAF โ JANUARY 29, 2001
๐ช 99.99% Purity ยท GST/HST-exempt ยท RRSP/TFSA: Yes
On Monday, January 29, 2001, the Canadian Gold Maple Leaf was priced at C$368.97 in Canadian Dollars. This included the spot price of C$354.78 plus a typical dealer premium of C$14.19 (4.0% over spot). Gold rose C$0.00 (+0.00%) from the previous session.
The Canadian Gold Maple Leaf is one of the world's most recognized gold bullion coins, produced by the Royal Canadian Mint since 1979. With 99.99% purity (four nines fine), it is the purest regular-issue gold coin in the world. The Maple Leaf features advanced security features including radial lines and a micro-engraved maple leaf. It is legal tender with a face value of C$50.
In 2001, gold in CAD traded between C$344.39 and C$395.95, with an annual average of C$365.91. This day's price was -3.0% below the yearly average and -10.4% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$354.78 |
| Premium (4.0%) | +C$14.19 |
| Canadian Gold Maple Leaf | C$368.97 |
| Per Gram | C$11.86 |
CANADIAN DEALER PRICES โ JANUARY 29, 2001
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$419.78 | C$65.00 |
| Sprott Money | C$432.78 | C$78.00 |
| SilverGoldBull | C$409.78 | C$55.00 |
| TD Precious Metals | C$449.78 | C$95.00 |
| Royal Canadian Mint | C$464.78 | C$110.00 |
| Border Gold | C$424.78 | C$70.00 |
๐ Market Analysis โ January 29, 2001
โ Frequently Asked Questions
โ 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.
โ 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.
โ 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.
๐ก Canadian Gold Investor Guide
Tax-Efficient Gold Investing: Maximize TFSA contributions first โ all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.
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 โ gold rewards patient holders.
โ๏ธ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$368.97 |
| Per Gram | C$11.86 |
| Per Kilogram | C$11,862.64 |
| Per Pennyweight (1.555g) | C$18.45 |
| Per Tola (11.66g) | C$138.36 |
๐ Learn more: How to Buy Gold in Canada ยท Gold Tax Guide ยท 25 Year Price Analysis ยท All Guides