By marwick

Gold in CDN Dollars 2019

Why is the price of gold at record highs in Canadian Dollars?

In the past, the highest price of gold ever in Canadian Dollar terms was $1883.07 in mid-2001. Today (August 25th) it is around $2060 per ounce. (Check Today’s gold price here ) – above that long-standing that record high. So, why is the price of Gold at record highs against the Canadian Dollar? What is driving this trend?

1) A Relatively Low Canadian Dollar

One key factor is that the Canadian Dollar is somewhat on the weak side compared to historic averages. We are not near the historic lows of around 65 cents we saw from 1999-2003, but for most of the last year, the Canadian Dollar has been in the mid to low 70 cents to the US Dollar. far off the close to parity we saw from 2010 – 2014.

Canadian Dollar vs. US Dollar
Canadian Dollar vs. the US Dollar into 2019

The Canadian Dollar has historically been tied to the price of oil, and while crude prices have been climbing since mid-2017, from about $50 per barrel to pushing towards $70, the Canadian Dollar has not followed the increase yet. Part of this could be transportation constraints and a lack of demand from our main export target, the US.

Provincial Governments in Ontario and particularly British Columbia have also been implementing changes to cool what they see as over-heated real estate markets. Real Estate has played a strong part in these economies over the last few years, particularly in bringing in foreign capital. It remains to be seen how resilient these economies will be to factors such as vacancy and foreign buyers’ taxes.

So, a big part of this story is the relatively weak Canadian Dollar, and this pushed the price of gold higher in Canadian Dollars.

2) The price of gold has been rising.

Key drivers of the price of gold have historically been real interest rates, the US dollar, and risk aversion, or the need to hold gold as an investment as investors look for a commodity that will not lose value.

The US Dollar has also been seen as a good investment and is a major competitor to gold. It is often being impacted by trade and political uncertainty. Whether this uncertainty is more or less than historic averages is anyone’s guess.  One week Iran in seizing oil tankers, the next week either or both China or the US are imposing new tariffs on each other. There are always threats and opportunities with the US on the world stage that could impact the value of the US dollar and its attractiveness versus gold as an investment. Some will have staying power; some are just this week’s news.

One long term factor that is impacting the price of gold is the growing demand for gold jewelry China, India, and other populous, rapidly developing countries that are becoming more affluent. Jewelry is the largest source of demand for gold, and we increasingly have people in these very populous countries looking to gold as an investment. Long term, this could push gold prices.

Gold vs. the US Dollar
The price of Gold in US Dollars into 2019
Gold in CDN Dollars 2019
The Price of Gold in Canadian Dollars in 2019


US interest rates spent much of the beginning of this decade at historic lows, pushing up the demand for gold as investors looked for commodities with better returns. Since early 2016, US interest rates have been steadily climbing, and it remains to be seen where the “new normal” will land as strong US economic growth could be leading to upward pressure on interest rates, while the US Fed has signalled it may keep interest rates down.

The last time gold was above $1400 USD for more than a few days was in May 2013 when the Canadian Dollar was in the mid-90 cents to the US Dollar, and in fact, most of the time gold prices were high from 2010 to 2013, the Canadian Dollar was at, or just below parity with the US Dollar. This time, the Canadian Dollar is much lower against the US Dollar, and that has resulted in putting Gold at record highs, historically, in Canadian Dollar terms.

These are, as we see it, the main reasons why gold at record highs, all-time, against the Canadian Dollar.  It is likely an excellent time to take advantage of the opportunity to cash in on any gold jewelry, coins, or investments you may have. As always, it is hard to say what the future holds. Will higher oil prices and more access to world oil markets or a change in government bring Canada’s dollar back up and gold prices down compared to the Canadian Dollar? or will continued increases in demand from industry and consumers in growing economies and political uncertainty around the world continue to push gold prices up? No one knows for sure, but that is the challenge of being an investor.

Gold Buyers Canada

What Makes Us the Top Gold Buyers in Canada?

Got gold on your mind? Before you set out to sell your precious metal items, you’ll want to find a reliable dealer to get the biggest bang for your buck. From coast to coast, when it is time to sell your gold, read on to learn what makes us the top gold buyers in Canada.

Our convenient nation-wide locations

You lead a busy life. With so much on your to-do-list, you simply don’t have the time to waste searching for places to sell your gold. If you value your time as much as we value your business, choose a company that has established businesses across Canada.

Canada Gold is the largest network of neighbourhood Canadian gold buyers and sellers. To better serve you, we have 12 locations across the country, from British Columbia to Nova Scotia.

And if you live too far from any of our locations, we also provide a free and secure mail-in option for your convenience.

Our reputation

You wouldn’t sell your gold items to just any dealer, right? The best in the business are accredited, trustworthy, and transparent companies.

Here at Canada Gold, we take great pride in our reputation. Testing is done right before your eyes. We are also accredited through the Better Business Bureau, as well as the authorized DNA dealer for the Royal Canadian Mint.

Our prices

Selling your gold items is a great way to earn some extra money. So, when it comes to getting the best prices for your gold, don’t settle for less.

Why jump on the first offer from random gold buyers in Canada when you can make more with us? Our prices can’t be beat. If you receive a higher written offer from one of our competitors, we’ll beat it by 20% of the difference. We also pay cash on the spot!

Our accurate testing

Whether you are a first-time seller or an experienced gold trader, you’ll want to get your items properly appraised to yield the highest return.

Our expert appraisers have you covered. We use state-of-the art testing equipment to ensure 99.9% accuracy. When you want to know the true value of your gold items, bring them to Canada Gold.

There are many gold buyers in Canada. Don’t put your precious metal in the hands of an inexperienced business. At Canada Gold, we are committed to providing the highest level of customer service and best prices in the industry.

Sell Gold in Calgary

Earn Extra Money: How to Sell Gold in Calgary

Are you thinking about selling your gold? Trading in your unwanted jewelry is a great way to make some extra cash. But before you set out to peddle your pieces, you want to make sure you know the proper steps to take. To help you make the most of the jewelry selling process, we have put together some handy tips on how to sell gold in Calgary.

Get an appraisal

Knowing the value of what you have is always a good idea. Whether you are selling your gold or looking to get a handle on the value of your jewelry, you will want to get your items properly appraised. Keep in mind, however, many jewelry businesses charge for this service.
At Canada Gold, we understand the importance you should place on knowing what you have. That is why we provide free estimates on all your gold items, helping you make better-informed jewelry selling decisions.

Calculate the karats

When it comes to the value of gold jewelry, it is all about the gold karats. While the chances that your jewelry might be made from pure gold is rare, you will still be able to get a great return based on the karat count of your items.
Whether you have 10-, 14- or 18-karat gold jewelry, Canada Gold pays the best price for all your gold items. In fact, if you find a higher written offer, we will not only match it, we will also beat the quote by 20% of the difference.

Consider the best time to sell

Gold is a commodity. And like any commodity, there are certain times when you can get more money for your gold jewelry, depending on supply and demand. Keeping tabs on the prices of gold online will help you get a decent reference point on when you might want to sell your gold.
Not sure where to turn for gold price listings? We update our Canada gold prices each day, so you will always have a good idea of the value of your items when you are ready to sell gold in Calgary.

Sell gold in Calgary with mail-in services

Got gold to sell but can’t get to a gold buyer? Not everyone lives near a jeweler. But just because you can’t get to one in your area, doesn’t mean you are out of luck.
At Canada Gold, we offer a free and secure mail-in option for your gold selling convenience. Once we receive your gold pieces, the results of your item appraisal, along with your payment, will be sent to you in as little as a day.

Go with a reliable gold buyer

It took a while for you to decide to part with your jewelry. Don’t put your valuable items in the hands of just any Calgary gold buyer. When you are ready to trade in your gold, choose a company you can trust.
In the gold selling and buying industry, trust means everything. Canada Gold is proud to be accredited through the Better Business Bureau. We are also the authorized DNA dealer for the Royal Canadian Mint.

Are you ready to sell or buy gold in Calgary? For quality service and the best price guaranteed for all your gold items, contact Canada Gold today!

best place to sell gold chains Canada

Best Place to Sell Gold (Locations Across Canada)

Looking to make some extra cash? Well, rummaging around in your jewelry box might be a great place to start. Selling your gold has never been easier—or more confusing. With so many options out there, finding the right buyer can be overwhelming. To help you get top dollar for your jewelry, here are some tips on how to find the best place to sell gold across Canada.

Check reputation

Never have there been so many places to sell your gold. So, it is important to do a little homework to find a reputable buyer. Check to see that they are accredited through the Better Business Bureau. It is also a good idea to investigate other trustworthy companies the buyer might be associated with like the Royal Canadian Mint or the Gemology Institute of America (GIA). A little research now can save you some major headaches, hassles, and lost money later.

Look for experience

When it comes to getting the best prices for your shiny items, you will want to choose a buyer with the right skills and experience. Using the latest equipment, the best gold buyers in Canada have expert appraisers that will provide free, no-obligation testing and evaluation of your gold jewelry, offering you premium prices on all your items.

Find a location close by

You lead a busy lifestyle. You simply don’t have the time to be driving around all day looking for places to sell your jewelry. Reliable gold buyers have established businesses all over Canada. Companies like Canada Gold even offer a handy and secure mail-in option, making selling your jewelry more convenient and easier.

Read reviews

You don’t want to hand your precious jewelry over to just anyone. When you are ready to sell your gold, go with a business that has the reputation and glowing reviews to back them up. Search online for customer reviews and testimonials. A reliable gold seller can also provide you with some recommendations.

Get the best quote

Don’t just go with the first quote you are offered. If you are expecting some hefty returns for your jewelry, you will obviously want to choose a gold buyer that offers the best price. The right business will not only match their competitor’s offer but also beat it.

Whether you are a first-time seller or an experienced gold trader, finding the best gold buyer can be a challenge. Not so with Canada Gold. We offer a free quote on your gold items, backed by our 120% price guarantee.

best place to sell gold jewelry

Where Can I Get Cash for Gold: Top Reasons to Sell Your Jewelry

Whether you’re looking to buy something for that special someone or pay off a few bills, extra cash can always come in handy. But like the old saying goes, money doesn’t grow on trees. While that is certainly true, you may have a source of income that you haven’t even considered—your jewelry box. Selling your gold pieces can fetch you a decent return, giving you some money when you need it most. If you are starting to ask yourself, “Where can I get cash for gold in Canada?”, here are the top reasons to finally sell your jewelry.

Sell Out-of-fashion gold pieces

Times change and so do jewelry trends. We’ve all been there before. That stylish necklace we just had to have is now probably collecting dust at the bottom of a drawer somewhere. Even though the gold itself is timeless, jewelry fashion has a shelf life. If you can’t remember the last time you wore (or wanted to wear) some of your jewelry, it’s probably a good idea to sell it to a reliable gold buyer.

Broken gold pieces

When your jewelry gets damaged, those once precious pieces can cause a major eyesore that keeps them out of your rotation. Why hang on to bent earrings, mangled necklaces, and broken-down watches if you can turn them into cold, hard cash instead? With a trusted gold buyer, you can easily line your wallet with money by selling off broken jewelry.

End of a relationship

It’s surprising, isn’t it? That same piece of jewelry that made you feel so close to that special someone can also fill you with sadness or anger when a relationship ends. When the mere sight of that gold ring or bracelet stirs up painful memories, selling gold pieces can help you move on.

Selling gold is easy

Long gone are the days of pacing the streets in search of an honest pawnshop to sell your gold items to. Today, you don’t even have to leave the comfort of your own home to trade in your jewelry. Simply mail in your items to a company like Canada Gold, and in as little as a day, they will send off your money, saving you the headaches and hassles of all that endless searching.

Bottom line? There are tons of reasons why people want to sell their gold. No matter your reasons, it’s great to know you have reliable, fast, and convenient options out there to get the best price for your jewelry. So, the next time you ask yourself, “Where can I get cash for gold?”, the right answer is always Canada Gold.

What Is the Gold Price in Canada: How to Tell If Your Gold Is Fake.

Gold items can fetch you a pretty penny in today’s gold-hungry market. And for those of you wanting to sell this precious metal, you’ll want to make sure that your gold jewelry is the real deal. So, while you are asking yourself, “what is the gold price in Canada?”, it might also be a good idea to check if that gold ring or necklace is truly authentic or just a cheap knockoff. To help you get the best return on your jewelry here is how to tell if your gold is fake.

Look for the hallmark

One of the easiest ways to test if your gold is real is to look at it. Most gold jewelry has engravings or markings verifying the carat weight. But keep in mind, stamps can fade over time—and counterfeiters have come up with some sophisticated ways of engraving. Checking for stamps or marks might not be the best foolproof test, but it’s a good place to start.

Try a magnet

Not all metals are created equal—some are magnetic, and some aren’t. Gold definitely falls into the “not” category. To test the authenticity of your jewellery, hold a magnet to it. If it sticks, it stinks. That said, many metals are non-magnetic, so you won’t want to solely rely on the magnet test to check if your gold is fake.

Drop it in water

A quick and easy way to test to see if you have an authentic piece of jewelry is to drop it in water. Gold is a heavy metal. So, if you place real gold in a cup of water, it should sink to the bottom. If it floats, you’ll know it is a fake.

Perform a liquid foundation test

The foundation test—it’s not the most reliable test, but it can work. Start by putting some liquid foundation on your forehead. Then, rub the gold piece across the covered area. If you see a black streak, you’ve got yourself some real gold.

Get it professionally appraised

Want to know without a shadow of a doubt if your gold is real or not? Have your jewelry appraised by a professional.  Reliable gold buyers have the experience and the state-of-the-art equipment to test your gold for its authenticity.

Checking the authenticity of your gold isn’t tough—it just takes a little know-how and the right gold buyer. So, the next time you ask yourself, “what is the gold price in Canada?”, don’t forget to test if your gold items are real.

buy gold bars canada

Top Mistakes to Avoid When Looking for The Best Place to Buy Gold

Planning on purchasing gold? Well, you’ll want to do your homework, first. Blunders happen. And when they do, mistakes can wind up costing money and headaches down the road. While there’s no doubt you can learn from your mistakes, sometimes, it’s just better to avoid them altogether. Don’t leave gold trading to trial and error. Here are the top mistakes to avoid when you’re searching for the best place to buy gold in B.C.

Leaving gold buyers out of the process

Buying gold is an exciting and confusing process. If you don’t know what you’re doing, you can get ripped off. When it comes to making the best purchasing decision possible, it’s always a good idea to consult with a specialist. They have the knowledge and the experience to thoroughly explain the procedure, helping you to dodge costly mistakes.

Not doing your research

Impulse buying. We’ve all been there. If you want to make the best buying decisions, you simply have to do your research. Learn about the gold buying and selling community, the items you plan to purchase, and how much they are worth—think karat count. Without the proper knowledge, you can leave yourself wide open to frustration, disappointment, and poor-quality gold.

Paying too much

Purchasing gold items can be tricky, so you’ll want to take a few steps to avoid paying too much. Remember, gold is a commodity. And like all commodities, the prices can vary from day to day. So, make sure that you’re not paying too much markup over the spot price of gold. It can be easy to check the price of gold in any currency online.

Going with the first gold seller you see

Not all gold sellers are created equal. Shopping around can take a little time, but to get quality gold items, it really is time well spent. Whether you’re going door-to-door or searching online, choose a reputable business that offers quality items at reasonable prices, saving you hassles and money. So, if you’re looking for superior jewelry, track down the best place to buy gold.

Buying gold in B.C. can be a little daunting—but it doesn’t have to be. With some research and the right gold seller, you’ll get quality gold items, without costing you an arm and a leg to get them.

For the best place the buy gold in B.C., contact Canada Gold today!

How to Buy Gold the Right Way in Canada

Are you planning to buy gold in Canada?  Thinking about buying some jewelry? Picking up big ticket items like precious metals can be a challenge, especially if it is your first time. Gold jewelry is a wonderful gift—to be enjoyed for generations to come. So, before you plop down your money, it’s a smart idea to educate yourself in advance to avoid mistakes when purchasing jewelry. Whether you are purchasing gold in BC, Ontario, or anywhere else in Canada, here are some handy tips on how to buy gold the right way.

Skipping out on research

Buying gold can be a major investment. So, it’s a smart idea to do some research first. Spend a little time looking at price trends, checking out shops, browsing the latest styles and fashions, and visiting gold sellers’ websites to see what they have to offer. Taking the time to educate yourself on the ins and outs of buying gold now can save you some major money and mistakes later. Make sure you check a recent price for gold in Canada, or where ever you are selling.

Neglecting to check the purity

It’s true what they say, you really do get what you pay for. Can’t believe you got such a great deal on that glittery piece of gold jewelry? Well, before you pat yourself on the back for hitting the jackpot, you may want to check the purity. The purity of gold is measured in karats. And as you might have guessed, the higher the karat count, the higher the purity, and the more valuable the gold.

Not shopping around

Going with the first dealer you come across can cost you money and the chance to find something truly unique and stunning. It might take a little sleuthing, but it will be well worth it in the long run. From antique to brand name pieces, there is some great gold jewelry out there that you or your loved one will cherish forever—it just takes a little patience and homework.

Purchasing gold from an unreliable dealer

There are a lot of dealers out there—make sure to choose wisely. After all, you don’t want to get stuck with overpriced or fake gold jewelry. So, when it comes time to buy gold in Canada, go with a trusted dealer who offers beautiful, quality pieces, and provides honest prices that are market-based. And a word to the wise, if the dealer is not listed with the Better Business Bureau, move on.

Not all gold sellers are created equal. So, don’t put your hard-earned money in the hands of just anyone.

Buying gold can be a fun, but scary process if you’re not prepared. Being armed with the right information and a trusted gold seller will ensure you get quality gold items without overpaying for them.

Looking to buy gold in Canada? Call us toll-free at 1-888-219-7001 or visit one of our convenient locations.

Gold Buyers in Canada: How to sell gold jewelry without getting ripped off

Sell Gold with Confidence when you have the right buyer

Gold jewelry. You have it—lots of dealers want it. If you’ve got some unwanted gold items collecting dust in the bottom of your jewelry box, you might be thinking about trading them in for some extra cash. But selling your unwanted gold can be risky if it falls into the hands of shady gold buyers in Canada. To help save you a lot of heartache—and money—here are some handy tips on how to sell gold jewelry without getting ripped off.

Know the value of your gold jewelry

Before you even consider selling your unwanted gold jewelry, it pays to know the value of what you have. The amount of money you can expect to get for your items will be based on the purity, weight, and condition of the gold jewelry.
Wondering what to do to avoid getting undersold? Then you’ll want to check the market value of gold to get a rough estimate on the items you intend to sell. If you are still not sure how to figure out the value of your jewelry, you can always bring your unwanted gold items to reputable gold buyers in Canada to get a proper appraisal.

Separate your gems

If you’re strapped for cash and in a hurry to sell gold jewelry, you might make a costly mistake and forget to separate the gems. Failing to remove precious gemstones like diamonds, sapphires, rubies, and emeralds can cost you a fortune if a dishonest buyer conveniently “forgets” to thoroughly and properly appraise your jewelry pieces.

Shop around

When you sell gold, don’t just go with the first offer. Many crooked dealers will bet on the chance you are in a rush to sell and quote you an unfair price. Don’t get fooled into accepting a fast, low-ball offer. Visit multiple gold buyers in Canada and get a quote by each.
To avoid scams, make sure to find buyers that’ll test, sort, and weigh your jewelry right in front of you. Plus, only reliable gold buyers will offer a best price guarantee, ensuring you get the highest price for all your unwanted gold items. When it comes to your valuable gold jewelry, taking the time to shop around will go a long way to getting you the best price possible.

Don’t get ripped off when it comes time to sell your unwanted gold items. Making sure to arm yourself with the right information before you sell your gold jewelry will prevent dishonest gold buyers in Canada from pulling the wool over your eyes.

For a trusted gold buyer in Canada, Visit one of Canada Gold’s Locations today!

How to Choose the Right Gold Buyers in Vancouver

Do you have unused or broken gold jewelry that you’re thinking about selling? Trading in your unwanted gold is a fast and easy way to earn some extra money. But with so many buyers out there, it can be a real challenge finding the best place to sell your gold. To help cut through the confusion, here are some handy tips on how to choose the right gold buyers in Vancouver.

Reputation is key

There are a lot of gold buyers out there. Don’t trust your precious metal with just anyone. Are they accredited through the Better Business Bureau? Are they associated with other reputable companies in the industry like the Royal Canadian Mint or the Gemology Institute of America (GIA)—the leading experts of diamond analysis and grading. If a gold buyer doesn’t have quality service and the reputation to back it up, move on.

Experience counts

cash for gold canadaNot all gold buyers are created equal. If you’re thinking about bringing your items into a jewelry and gold buyer, make sure they have the proper experience. Knowledgeable businesses have fully-trained appraisers that will sort and weigh items in front of you, using the latest equipment.

Convenience makes all the difference

Gold buyer too far to get to? Do they only have one location? Selling your gold items doesn’t have to be difficult. Preferred buyers have multiple locations, making your life a little easier. And if their business is still out of your vicinity, the right gold buyers in Vancouver should offer a free and secure mail-in option for your convenience. Just think about it—you can turn your unwanted gold into cash without leaving the comfort of your home.

Reviews speak volumes

When it comes to choosing a gold buyer, you want to choose a trustworthy business—one that offers high quality service to their customers. Look online for reviews and testimonials. Also, don’t be afraid to ask for references. A gold buyer should be more than willing to provide you with any client recommendations.

Money talks

Now that you found a few Canada gold buyers, you’ll want to get some price quotes—you are, after all, trying to get the best possible return for your gold. When it comes to getting great prices, don’t settle for less. A reputable gold buyer will not only match any competitor’s written estimate, but also beat it.
Finding the right gold buyers in Vancouver can be a daunting task, especially if you are a first-time seller. Following these useful tips, however, will go a long way in helping you choose a professional, reliable, experienced gold buyer.

For a quality gold buyer in Vancouver, contact Canada Gold—Canada’s trusted neighbourhood gold buyers.