This article presents the synthesis of gold nanoparticles in a single-phase supercritical fluid carbon dioxide solvent. The gold nanoparticles were formed by the reduction of triphenylphosphine gold(I) perfluorooctanoate with dimethylamineborane. Transmission electron microscopy, X-ray photoelectron spectroscopy, and UV-vis spectroscopy reveal the formation of gold nanoparticles of 1 nm in diameter. A high dispersion stability of the gold nanoparticles in supercritical carbon dioxide can be obtained by binding both triphenylphosphine and fluorocarbon ligands on the surface of the gold nanoparticles.