Canadian Gold Bars Overview
If you are looking to invest in gold bullion, gold bars may be a great choice. Gold bars can provide a convenient and cost-efficient way to build a gold portfolio. Canadian gold bars come in many different shapes and sizes, and Canada produces some of the purest gold bullion products anywhere in the world. Whether minted or cast, Canadian gold bars can play a major role in your gold portfolio.
Canada is a land rich in both natural resources as well as scenic beauty. Gold was first discovered in Canada in 1823 and today Canada is one of the world’s largest gold producers. The majority of Canadian gold comes from Ontario, specifically the Red Lake gold mine. As a nation that values its abundance of natural resources, it is no wonder that many Canadian bullion products feature designs that celebrate the nation’s natural resources, wildlife and beauty.
The Royal Canadian Mint is one of the most highly respected mints in the world today. The RCM produces a number of gold bar products in various weights, sizes and purities. In addition to gold bars, the RCM is a world-renowned producer of fine bullion coins as well as numismatics and collectibles. The mint has earned a well-deserved reputation for producing some of the most intricately designed and visually appealing bullion and coin products anywhere in the world.
A fine example of the quality, purity and craftsmanship that the RCM has come to be known for is the 1 ounce RCM Gold Bar with assay. This 1 ounce gold bar features the RCM logo on the obverse, as well as the bar’s weight, purity and unique serial number. The reverse of this gold bar features an attractive RCM insignia pattern. Containing 1 ounce of 999.9 percent fine gold, it is one of the purest gold bars on the market today. With a very reasonable premium over spot, these gold bars are an excellent way to acquire more total ounces of gold for your investment capital.
If you are in the market for a larger Canadian gold bar that may potentially offer a per-ounce cost savings, there are also other options available. The 1 kilo gold bar from The Royal Canadian Mint is an excellent choice for larger investors looking to acquire a significant amount of gold. This gold bar contains 1 kilo (or just over 32 ounces) of 999.9 percent fine gold. The bar’s obverse features the RCM logo as well as the bar’s weight, purity and unique serial number. The reverse of the bar is left blank.
Certain Canadian gold bars of 999.9 percent fineness may be eligible for purchase in an IRA account. Of course, you should consult your tax professional prior to purchasing for an IRA to determine eligibility and ensure that the proper guidelines are followed.
Gold bars are easily transported and stored. Gold bars are easily stacked and can be stored in a home safe, a bank safe deposit box or in the depository of your choice.