1 oz Gold Bar - Royal Canadian Mint (Old Style, In Assay)
As low as $29.99 per bar over spot!
This 1 oz Gold bar is handsomely designed by the famous Royal Canadian Mint. With more than a decade of manufacturing history, this .9999 fine Gold bullion bar is an excellent and popular choice for investors.
- Contains 1 oz of .9999 fine Gold.
- Comes sealed in a protective assay package.
- Eligible for Precious Metals IRAs.
- Obverse: Features the Royal Canadian Mint logo above the stamped weight, purity and serial number.
- Reverse: Decorated with repeating maple leaf pattern.
- The accompanying assay card lists the weight and authentication of the bar by the assayer.
Display your Royal Canadian Mint Gold Bar in style by adding a beautiful presentation box to your order.
Royal Canadian Mint Gold bars are recognized worldwide and are available at an affordable premium. Add this 1 oz Gold bar to your cart today!
The History of Gold bars
Before 1971, U.S. dollars were backed by Gold, like the 1 oz Gold bar, and countries could not print money exceeding what was in their Gold reserves. This was called the Gold Standard, with three types of Gold Standard systems used throughout history: specie, bullion and exchange. Gold bars were not as important as Gold coins during the Gold Specie Standard. In this system, Gold coins (or other Precious Metal coins given the same value as Gold coins) were circulated and used to pay for items. The Gold bullion Standard is a system where Gold coins are not circulated, but Gold bullion is sold in exchange for circulating currency. The Gold Exchange Standard is similar, except a nation without a Gold standard would attach its currency to one with it. Royal Canadian Mint Gold first became available in 1911, well after Canada adopted the Gold Standard in 1853, although at that time it was called the Ottawa Mint and it was also the Canadian branch of the British Royal Mint.
Why invest in Gold bars?
Gold, like a 1 oz Gold bar, is a valuable asset to hold to protect against inflation. Unlike Gold bars, when prices rise, the dollar (or any country’s unit of currency) buys fewer goods and services. Gold bullion and other hard assets are considered to be an inflation hedge, that is, an investment with intrinsic value that tends to move in the opposite direction of stocks and bonds and appreciate in value during periods of high inflation. Royal Canadian Mint Gold is favored by investors looking to buy physical Gold because of its high Gold content, worldwide reputation and being backed by the Canadian government.
Buy Royal Canadian Mint Gold for a low premium over the spot price of Gold.
Royal Canadian Mint Gold is not cheaper for U.S. neighbors to buy when the Canadian dollar is lower than the U.S. dollar. Currency exchange rates do not impact the Gold spot price. A 1 oz Gold bar from anywhere in the world is priced based on 1 troy ounce in U.S. dollars. When purchasing Gold bullion using other currencies, the price is based on the Gold spot price in U.S. dollars and is converted into local currency. Gold spot price is the same all over the world, so a Gold bar from the Royal Canadian Mint is the same price in Canada as it is in any other country. The price discrepancy could occur with higher premiums and delivery charges as set by the dealer, but the base spot price is always the same.
Buy Royal Canadian Mint Gold and put it toward a Precious Metals IRA.
Where your 1 oz Gold bar originates from does not impact whether it can be used in a Precious Metals IRA. Gold bullion from Canada, Australia, Mexico and anywhere in the world can be applied to a self-directed IRA as long as it meets the minimum fineness requirements. Gold bars need to be .995 fine Gold to be eligible, Platinum and Palladium .9995 fine and Silver must be .999 fine. Royal Canadian Mint Gold, like this 1 oz Gold bar and the Gold Canadian Maple Leaf coin, exceed the requirements of .9999 fine Gold.