Goldschläger is a Swiss cinnamon schnapps (43.5% alcohol by volume or 87 proof; originally it was 53.5% alcohol or 107 proof),^[1] a liqueur with very thin, yet visible flakes of gold floating in it. The actual amount of gold has been measured at approximately 13 milligrams (0.20 grains) in a one-litre bottle.^[2] As of January 2021^[update], this amounts to €0.66/US$0.75 on the international gold market.^[3][4]

Goldschläger was produced in Switzerland until the 1990s. The brand was acquired by Diageo, which moved production to Italy.^[1] In 2008, Global Brands Limited (UK) purchased the brand as part of its portfolio and production returned to Switzerland. In November 2018, Diageo agreed to sell Goldschläger as part of a 19-brand portfolio of spirits brands to the New Orleans–based U.S. distiller Sazerac Company as part of a $550 million deal.^[5]

The German word Goldschläger ("gold beater")^[6] refers to the profession of gold leaf makers who beat bars of gold into extremely thin sheets.

• Goldwasser, another liqueur containing flakes of gold leaf