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CANADIAN GOLD MAPLE LEAF — OCTOBER 19, 2011

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

C$1,737.76
Premium: C$66.84 (4.0%)

On Wednesday, October 19, 2011, the Canadian Gold Maple Leaf was priced at C$1,737.76 in Canadian Dollars. This included the spot price of C$1,670.92 plus a typical dealer premium of C$66.84 (4.0% over spot). Gold fell C$17.78 (-1.05%) 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 2011, gold in CAD traded between C$1,311.14 and C$1,871.70, with an annual average of C$1,555.97. This day's price was 7.4% above the yearly average and -10.7% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$1,670.92
Premium (4.0%)+C$66.84
Canadian Gold Maple LeafC$1,737.76
Per GramC$55.87

CANADIAN DEALER PRICES — OCTOBER 19, 2011

Dealer1 oz Bar (CAD)Premium
KitcoC$1,735.92C$65.00
Sprott MoneyC$1,748.92C$78.00
SilverGoldBullC$1,725.92C$55.00
TD Precious MetalsC$1,765.92C$95.00
Royal Canadian MintC$1,780.92C$110.00
Border GoldC$1,740.92C$70.00

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📊 Market Analysis — October 19, 2011

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

Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.

Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,737.76
Per GramC$55.87
Per KilogramC$55,870.20
Per Pennyweight (1.555g)C$86.89
Per Tola (11.66g)C$651.66

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