Canadian One-Kilo Gold Bar Industry Analysis

Decent Essays
Product description for RCM Canadian One Kilo Gold Bar
One the heavier gold bars produced by the famous Royal Canadian Mint, this 1-kilo Gold bar is ideal for those who wish to convert substantial amounts of liquid cash into commodities that appreciate in value over time.
The Royal Canadian Mint is an official Mint of Canada and its shares are held in trust for the Queen in right of Canada. It is responsible for the production of all coin based legal tender in Canada as well as the production of coins for other nations due to its sheer size and capacity. Moreover, they also mint precious metal (gold, silver, platinum and palladium) bullion coins, medals, and bars; the quality of their products is recognized worldwide by numismatics and investors

Related Documents

  • Improved Essays

    When people think of the penny, many get the image of a small, bronze, copper coin. Before the year 1982, this idea would be accurate to reality, as the coin was mostly made of copper. However, ever since then, pennies have been composed of “97.5% zinc, with a little copper mixed in for appearance’s sake” (source A). Zinc is being used because it is less costly than copper. Although, even with this modification in its manufacturing design, the coin is still costing more to make than it is worth. Within the past few years, its cost has fluctuated slightly, but has stayed around 1.6 cents. At such a low value to begin with, and costing more to make than its actual value, it is not worth the time, cost, nor the energy being used to produce the penny. While all of this energy and money is going into manufacturing these pennies, the mills could be much more efficient and mass-produce many other coins, more useful than the…

    • 832 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Pennies cost a lot. In fact, they cost more to produce than they are worth. “In the United States, the mint says, each copper & zinc coin cost 2.41 cents to produce & distribute,” Jeff Sommer says in his ‘Penny Wise, or 2.4 Cents Foolish’ article from 2012. Money adds up. Over…

    • 447 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Ones the miners start to move up to the mountains into Golden, Blackhawk and Central City those are were the place where the miners would be more successful on finding more gold. The author’s state:…

    • 767 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The penny may cost more to produce than it’s worth, however, it is not alone. The penny has been around for 230 years thus having been made from many different materials. Steel, which was used in World War Ⅱ, is a cheaper…

    • 833 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Penny Synthesis Essay

    • 654 Words
    • 3 Pages

    The penny has a few flaws, but they can all be changed. To begin with, “Changing metal content was important to try to reduce production costs .” (Maria Story, paragraph 5). As the evidence suggests, the penny costs a lot to produce but the cost can be lowered if different metals are used. Next, according to Maria Story “The U.S. Mint is still exploring additional designs…for the penny” (paragraph 2). According to the evidence, the way the penny is made can be changed for it to cost less, or make it more cost-effective. To end with, “Steel, which was used to make pennies during World War II, would be a cheaper alternative.” (Rachel Mancuso, paragraph 5). According to the evidence, steel is an example of a metal people could start using right now that could make pennies more cost-effective. In conclusion, The penny can be changed to be more cost-effective by using different medals or changing the design.…

    • 654 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    During the 16th to 18th centuries silver was of vast importance to trading networks all around the world. From 1500 to 1750 Spanish America and Tokugawa Japan dominated the world production in silver. Silver was so influential that the Ming government in China required all taxes to be paid in silver. Silver had many economic and social effects because it expanded trading connections with Asia, caused inflation, and the forced labor class had a hard life in its production.…

    • 1097 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The Silver Question Dbq

    • 560 Words
    • 3 Pages

    Then, ideas circled to make coin money out of gold and silver but since gold was at such a shortage it left silver to be the only option. Silver with having a staggering 16:1 ratio,to be equal to the price of gold, in the eyes of the mint left silver owners looking for a better deal for their products. The owners of…

    • 560 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Abraham Lincoln was running for President with Anti- Slavery Campaign at this time. The republican candidate then became president on the 4th of March, 1861.…

    • 772 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Penny Argument Analysis

    • 480 Words
    • 2 Pages

    For a start, pennies cost more than they are actually worth. Jeff Sommer wrote, "In the United States, the mint says, each zinc and copper coin costs 2.41 cents to produce and it distribute." (Penny Wise, or 2.4 cents Foolish?). This is saying that pennies cost too much to make than what they are actually worth. Sommers also wrote, "Taxpayers lost $60.2 million on the production and distribution of pennies in the 2011 fiscal year." (Penny Wise, or 2.4 Cents Foolish). The taxpayers money was wasted on the production of pennies. We can either find a different, cheaper material to make them out of or we can just end all production of pennies.…

    • 480 Words
    • 2 Pages
    Great Essays
  • Improved Essays

    Silver bars are a great way of solidifying your investment portfolio and the healthy amount of Silver in this 1 oz. Den of Thieves Silver bar is sure to diversify your tangible asset…

    • 268 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    California Gold History

    • 1168 Words
    • 5 Pages

    In the Spring of 1849, gold was discovered in John Sutter’s saw mill. Samuel Brannan ran through the streets of San Francisco, yelling to all about the news. “Gold! Gold! Gold from the American River!” The news spread quickly around California, and in just three days, the population of San Francisco went from 250 to 600. By the Spring of 1849, the news of gold had spread to every part of the United States by boat, wagon, and mule. When the people's wildest dreams were confirmed by President Polk in his annual message to Congress, they flocked to California by the thousands. In 1847, there was a mere 15,000 living in California, but by 1853 there were over 300,000 people living in the state, a population growth unheard of in the history of…

    • 1168 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Eamon "We learned about a lot of things, like the struggles of miners and the natives, how peoples searched for gold, and the route to the gold mining area.…

    • 399 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    In 1534 the King of France claimed possession of what is now Canada, our history as a nation has been under the influence by a number of monarchs, the French and the British have had significant reign and power of our country, Canada. Elizabeth ll became Queen on February 6, 1952. The year after she became Queen, Elizabeth the Canadian law of the Royal Style and Titles Acts was formally bestowed upon her as the Queen of Canada. She is Canada’s head of state and is represented by the Governor General. She then proceeded, in 1957, to become the first monarch to oversee the opening of the Canadian Parliament. 1967 was the year of confederation and the Queen not only participated in the celebrations but also became the Sovereign of the newly created…

    • 211 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Gold In Barkerville

    • 201 Words
    • 1 Pages

    Barkerville is a town located north of Quesnel and went from a lively gold rush town, to a deserted ghost-town. Right when gold was discovered in Barkerville, it’s history has been profoundly shaped by gold. In 1862, William Billy Barker was one of the first people who found gold in Barkerville, worth 5 million dollars. As the word of gold spread like wildfire, it attracted people from around the world. The town grew very fast and it was home to 8,000 residents. Many stores were built to provide the needs of the residents. But gradually, when there were scarce amounts of gold, the population of Baskerville started declining and it ultimately became a ghost-town. As of 1958, Barkerville has been restored and made into a tourist attraction. Although…

    • 201 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    In the case study of Gilbane Gold, David Jackson, the engineer responsible for waste treatment in Z-Corp, was put in a very difficult situation. In the beginning, David was getting results from Frank’s waste water discharge tanks that showed that they have been releasing arsenic and lead at higher levels than what the city allows. The waste water ends up into the popular and profitable sludge product called Gilbane Gold. Gilbane Gold is sold as a fertilizer to farmers for about 75 years. David mentions his concern of this in the monthly meeting. Frank Ceders, the engineering manager of Z-Corp, Diane Collins, the vice president of the facility, and Phil Port, the manager of the Z-Corp Gilbane Plant and David’s boss were all in that monthly meeting.…

    • 1123 Words
    • 5 Pages
    Improved Essays