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CANADIAN GOLD MAPLE LEAF — DECEMBER 28, 2004

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

C$562.11
Premium: C$21.62 (4.0%)

On Tuesday, December 28, 2004, the Canadian Gold Maple Leaf was priced at C$562.11 in Canadian Dollars. This included the spot price of C$540.49 plus a typical dealer premium of C$21.62 (4.0% over spot). Gold fell C$1.94 (-0.36%) 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 1.6% above the yearly average and -3.4% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$540.49
Premium (4.0%)+C$21.62
Canadian Gold Maple LeafC$562.11
Per GramC$18.07

CANADIAN DEALER PRICES — DECEMBER 28, 2004

Dealer1 oz Bar (CAD)Premium
KitcoC$605.49C$65.00
Sprott MoneyC$618.49C$78.00
SilverGoldBullC$595.49C$55.00
TD Precious MetalsC$635.49C$95.00
Royal Canadian MintC$650.49C$110.00
Border GoldC$610.49C$70.00

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📊 Market Analysis — December 28, 2004

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Geopolitical tensions — including trade wars, military conflicts, and sanctions — historically drive gold higher as investors seek safe-haven assets. The Canadian Dollar, as a commodity currency tied to oil prices, can weaken independently during global uncertainty, creating a double tailwind for gold priced in CAD.

❓ 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

Tax-Efficient Gold Investing: Maximize TFSA contributions first — 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 — gold rewards patient holders.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$562.11
Per GramC$18.07
Per KilogramC$18,072.23
Per Pennyweight (1.555g)C$28.11
Per Tola (11.66g)C$210.79

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