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GOLD PRICE IN ALBERTA — DECEMBER 2005

C$591.60 avg/oz

During December 2005, gold dealers serving Alberta based pricing on CAD spot prices ranging from C$575.04 to C$608.21 per ounce, with a monthly average of C$591.60. The month opened at C$585.16 and closed at C$600.66, a gain of C$15.50. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Alberta.

DAILY PRICES — DECEMBER 2005

DateClose (CAD)Change
December 1, 2005C$585.16+8.41
December 2, 2005C$583.53-1.63
December 5, 2005C$588.80+5.27
December 6, 2005C$590.20+1.40
December 7, 2005C$596.02+5.82
December 8, 2005C$601.76+5.74
December 9, 2005C$608.21+6.45
December 12, 2005C$607.87-0.34
December 13, 2005C$598.89-8.98
December 14, 2005C$583.23-15.66
December 15, 2005C$583.47+0.24
December 16, 2005C$583.79+0.32
December 19, 2005C$588.96+5.17
December 20, 2005C$579.97-8.99
December 21, 2005C$575.04-4.93
December 22, 2005C$586.50+11.46
December 23, 2005C$585.69-0.81
December 27, 2005C$596.34+10.65
December 28, 2005C$599.09+2.75
December 29, 2005C$600.33+1.24
December 30, 2005C$600.66+0.33

📊 Gold Market Analysis

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. Gold has historically outperformed during periods of negative real interest rates — when inflation exceeds the Bank of Canada's overnight rate. Canadian investors use gold as a hedge against purchasing power erosion, particularly when CPI exceeds 3%. The correlation between gold and the inverse of real rates makes it a strategic allocation in balanced portfolios.

❓ Frequently Asked Questions

❓ Is gold taxed in Canadian provinces?

Investment-grade gold bullion (99.5%+ purity) is exempt from GST/HST in all Canadian provinces under the federal Excise Tax Act. However, provincial policies may vary for numismatic coins, gold jewelry, and gold items below the purity threshold.

❓ Does provincial tax rate affect gold investment returns?

While GST/HST-exempt gold itself is unaffected by provincial tax rates, the marginal tax rate in your province affects capital gains taxes when selling gold. Provinces with lower marginal rates provide a slight advantage for non-registered gold profits.

❓ What about capital gains tax on gold?

Gold sold at a profit outside registered accounts (RRSP/TFSA) triggers capital gains tax in all provinces. In Canada, 50% of the gain is included in taxable income at your marginal rate. Keep purchase receipts for adjusted cost base calculations.

💡 Canadian Gold Investor Guide

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.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$591.60
Per GramC$19.02
Per KilogramC$19,020.35
Per Pennyweight (1.555g)C$29.58
Per Tola (11.66g)C$221.85

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