50 Gram Gold Bar Price in Canada: Worth Its Weight in Gold?
50 Gram Gold Bar Prices at Major Canadian Banks
You can expect to pay more for 50 grams of gold bars at major Canadian banks. As of early 2021, the Royal Bank of Canada (RBC) sells 50-gram gold bars for 5–10% more than the current market price of gold. For example, if gold is trading at $1,800 USD per ounce, a 50-gram bar would cost around $2,850 CAD.
Bank of Nova Scotia scotiabank gold bar also adds 5–10% to the price of 50 grams. But they often have special deals for their regular customers and recommended clients, so if you do a lot of business with Scotia, you may be able to get a lower price.
Prices for TD gold bars are on the higher end of the spectrum, between 7 and 12% more than the spot price. But they often have sales where they don't charge for shipping or give free storage for a year. If you buy from TD at the right time, you might still save money in the long run.
PAMP's 50 gram Gold PAMP Suisse Bar (Cast) gold bars are popular right now. PAMP is one of the most famous gold and silver mints in the world today.
Comparing 50 Gram Gold and Silver Bar Value
Gold: A Solid Investment
A 100 gram gold bar has about 3 ounces of.9999 pure gold. The bar would cost $4,026.39 at $2,500 CAD per ounce now. Gold is a solid investment throughout market turmoil and inflation. Its price usually holds or rises. Gold can buffer risk and diversify your assets, even if prices don't rise.
Silver: Higher Risk, Higher Reward
Silver is 1.6 ounces per 50 grams. Silver costs $29 CAD per ounce, therefore 10 times cheaper than a gold bar. Silver prices fluctuate considerably. Silver prices climb faster than gold under economic instability or inflation. Silver prices rose nearly 80% in 9 months in 2010. Silver prices can also fall fast during stable or deflationary eras.
The healthiest, most diversified portfolio for most investors is a balanced combination of gold, silver, equities, and bonds. For every investment, investigate and analyse your financial goals. Gold bars and coins are good “set it and forget it” inflation hedges. Silver bars or coins may be worth their weight in gold if you're willing to take on more risk to bet on price increases. You decide!
