1 Kilo Gold Bar – Royal Canadian Mint

History

Since ancient times, gold has been recognized as a valuable and scarce commodity around the world. Wars have been fought for it, peoples subjugated for it, and empires destroyed by the lust for it.
In Ancient Egypt, gold served as the material used for the pharaohs’ jewelry, ornamental masks, and household goods. It was, and still is, a true sign of wealth.
Gold coins became popular for payment of debts and salaries in ancient Greece and Rome, and later, the Byzantine empire. Even through the Dark Ages to the Renaissance, gold was one of the primary mediums of exchange. Coins, because of their varied sizes and weights became payments for goods and services.
But gold bars were not quite as popular. Because of their size and weight, gold bars became exchange instruments for central banks and smaller financial institutions. They were not convenient for everyday commerce.
In 1967 the nation of South Africa struck the world’s first gold bullion coins – the One Troy Ounce, gold Krugerrand. Unlike earlier gold coinage, the entire value of a Krugerrand was based on the current SPOT price of gold. There was no collectible value attached to these coins so when the price of gold rose, so did the value of the Krugerrand. Due to the coins’ worldwide success as an investment, and the fact that the prohibition on US citizens owning gold was lifted in 1974, another country looked at the Krugerrand’s success and decided to follow suit.
In 1979, Canada officially entered the world bullion market when the Royal Canadian Mint struck the very first 1979 Gold Canadian Maple Leaf One Troy Ounce bullion coins. Between 1979 and 1982, the Royal Canadian Mint only struck One Troy Ounce gold coins. In 1983, the Mint began striking One-Tenth and One-Quarter Troy Ounce gold coins in addition to the standard one Troy Ounce coins. But unlike most other sovereign mints, the Royal Canadian Mint also decided, due to having their own refining facilities, began to offer their own gold bars.

Design

For the last 10 years at least, the Royal Canadian Mint has offered 1/10 Troy Ounce bars, 1 Troy Ounce bars, 5 Troy Ounce bars, 10 Troy Ounce bars, 1 Kilo (32.15 Troy Ounces) bars, 100 Troy Ounce bars, 400 Troy Ounce bars, and actual weight poured gold bars, typically weighing between 98 Troy Ounces and 105 Troy Ounces.
Royal Canadian Mint gold bars are well-received worldwide as the Mint has led the industry in incorporating different security elements to ensure investor confidence in their products.
Royal Canadian Mint One Kilo Gold bars are imprinted with the Mint’s name, in English and in French, the logo of the RCM, the weight, fineness, and a unique serial number. They are a very popular item with gold investors worldwide. RCM One Kilo gold bars are acceptable in Precious Metal IRA accounts.
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