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CANADIAN GOLD MAPLE LEAF — NOVEMBER 4, 2005

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

C$562.20
Premium: C$21.62 (4.0%)

On Friday, November 4, 2005, the Canadian Gold Maple Leaf was priced at C$562.20 in Canadian Dollars. This included the spot price of C$540.58 plus a typical dealer premium of C$21.62 (4.0% over spot). Gold fell C$2.89 (-0.53%) 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 2005, gold in CAD traded between C$507.97 and C$608.21, with an annual average of C$538.46. This day's price was 0.4% above the yearly average and -11.1% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$540.58
Premium (4.0%)+C$21.62
Canadian Gold Maple LeafC$562.20
Per GramC$18.08

CANADIAN DEALER PRICES — NOVEMBER 4, 2005

Dealer1 oz Bar (CAD)Premium
KitcoC$605.58C$65.00
Sprott MoneyC$618.58C$78.00
SilverGoldBullC$595.58C$55.00
TD Precious MetalsC$635.58C$95.00
Royal Canadian MintC$650.58C$110.00
Border GoldC$610.58C$70.00

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📊 Market Analysis — November 4, 2005

The precious metals market in Canada is influenced by multiple factors including global supply and demand, mining production costs, central bank reserves management, and macroeconomic indicators such as GDP growth, unemployment rates, and consumer price inflation. Gold's role as a portfolio diversifier is supported by its low correlation with equities. During the 2008 financial crisis and the 2020 COVID crash, gold provided positive returns when stock markets fell 30–50%. A 10% gold allocation has historically reduced portfolio volatility while maintaining competitive long-term returns.

❓ 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$562.20
Per GramC$18.08
Per KilogramC$18,075.12
Per Pennyweight (1.555g)C$28.11
Per Tola (11.66g)C$210.83

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