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CANADIAN GOLD MAPLE LEAF — NOVEMBER 9, 2004

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

C$543.48
Premium: C$20.90 (4.0%)

On Tuesday, November 9, 2004, the Canadian Gold Maple Leaf was priced at C$543.48 in Canadian Dollars. This included the spot price of C$522.58 plus a typical dealer premium of C$20.90 (4.0% over spot). Gold rose C$5.89 (+1.14%) 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 2004, gold in CAD traded between C$511.73 and C$559.59, with an annual average of C$532.10. This day's price was -1.8% below the yearly average and -6.6% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$522.58
Premium (4.0%)+C$20.90
Canadian Gold Maple LeafC$543.48
Per GramC$17.47

CANADIAN DEALER PRICES — NOVEMBER 9, 2004

Dealer1 oz Bar (CAD)Premium
KitcoC$587.58C$65.00
Sprott MoneyC$600.58C$78.00
SilverGoldBullC$577.58C$55.00
TD Precious MetalsC$617.58C$95.00
Royal Canadian MintC$632.58C$110.00
Border GoldC$592.58C$70.00

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📊 Market Analysis — November 9, 2004

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

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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$543.48
Per GramC$17.47
Per KilogramC$17,473.26
Per Pennyweight (1.555g)C$27.17
Per Tola (11.66g)C$203.81

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