Monday, July 30, 2012

Debunking an Urban Myth

Been hearing talk of how you can buy gold coins in China at 0.15% over spot, which sounded amazing so I went to the exact mentioned bank at one article, and found the premium was over 5%.

Makes you say......hmmmmmm

One benefit of having 1 ounce Perth mint Bars instead of coins, is that they are not "monetary instruments", and thus less reporting requirements for moving gold in bar form around.     I have seen legit deals of Perth Mint 1 ounce at $32 over spot, which is around 2%, or a pretty reasonable "pouring cost".

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Insightful and Useful Comment!