HI All I haven't really been following gold all that much. I have the opportunity to purchase some Perth Mint 1oz coins. Kangaroos. Is $1500 AUD a fair price?
Thanks, but the Perth mint site says $1493 right. But it also says $45.37 for a silver kook. I know I can buy them for $42. So back to my question, is $1500 a fair price? Do gold coins sell at a discount to PM prices like silver coins do, or is it different?
7.5% premium.... that's a little higher than what I'd be aiming for in presumably secondary market purchases. At a spot of $1395, I'd be looking to pay $1450-1465, or 4-5% over spot.
I would be buying at nothing more than the perth mint prices. A lot of people selling online at Perth mint price or cheaper.
At current gold spot price the coin 1oz kangaroo should sell for less than $1500. I'll be looking at around $1470, give or take $5.
With a 10 gram gold bar 1 ounce = 28.35grams.... say spot Gold is 1411.00../28.35 = 49.77 x 10 gram should be 497.70. This is correct isn't it??
No, precious metals are measured in troy ounces which are 31.1 grams... so redo your calculation with that
PM will rip you off in insurance and shipping. You won't get it less than $1500. If you have a cheaper alternative then by all means go for it. But compare your price to YOUR REAL alternatives. No good someone saying they can get it cheaper at X.