During the New Year, I happened to come across a commemorative coin company,
The purity of the 99.99% 1/2 ounce coin is sold for HKD 16,200. Currently, the gold price in New York is $5,130 per ounce, and $2,565 for 1/2 ounce, which is approximately HKD 19,878, a difference of over HKD 3,600.
I have reserved one. Should I buy blindly and sell later?
The only possible reason I can think of is that gold prices have risen so strongly that the price of this commemorative coin hasn’t been updated yet.
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Should you turn a blind eye and buy commemorative coins at a negative premium?
During the New Year, I happened to come across a commemorative coin company,
The purity of the 99.99% 1/2 ounce coin is sold for HKD 16,200. Currently, the gold price in New York is $5,130 per ounce, and $2,565 for 1/2 ounce, which is approximately HKD 19,878, a difference of over HKD 3,600.
I have reserved one. Should I buy blindly and sell later?
The only possible reason I can think of is that gold prices have risen so strongly that the price of this commemorative coin hasn’t been updated yet.