Wednesday, October 5, 2011

cheapest place to buy gold in th world

Today in Hong Kong at the Bank of China main branch on Queen’s Road, I bought an ‘unsealed’ Maple Leaf (i.e. loose coin) for just 0.5% over spot; I also purchased a ‘sealed’ Maple Leaf (i.e. collector-ready) for an additional $60, or about 4.5% over spot.
IMG 0276 300x225 Hong Kong: still the cheapest place to buy gold coins
The 'sealed' Maple Leaf I purchased at 4.5% over spot; the unsealed go for 0.5%.

IMG 0277 300x225 Hong Kong: still the cheapest place to buy gold coins
This iHKD.s an image of the gold prices that Bank of China was buying and selling at this afternoon. The gold price at the time was about 12,980
Funny thing, it wasn’t even the best price in town. You can buy gold for as low as 0.2% over spot (practically a rounding error) in Hong Kong. Unfortunately, just about every bank was out of stock.

http://www.zerohedge.com/news/guest-post-hong-kong-still-cheapest-place-buy-gold-coins

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