The gold bar has long been a stable source of investment for those looking to protect their wealth from the ups and downs of global stock markets. All gold bars deliver good value in this realm, but in particular, investors look for bars refined by major players in the precious metals industry. The Royal Canadian Mint is one of a handful of sovereign mints that also produces bars, with other examples of major mints being the Perth Mint (state-owned).
The Royal Canadian Mint was founded in 1908 in the federal capital city of Ottawa. For more than 60 years, this facility alone handled the production of Canadian currency. In 1976, the Winnipeg location of the Royal Canadian Mint was finished and opened, allowing the RCM to split its work. The Ottawa facility now handles all bullion and commemorative production, while all circulation Canadian currency and foreign currency is struck in Winnipeg.