gold dragon 1 oz 2012

O

Ozi

Member
What is the downside of buying some of these?

Can someone give me an example say if gold goes to $1200AUD per oz. If I paid $1870AUD for a 1 oz gold coin what could I expect to get back on it realistically given premiums and all of that?
 
About the only downsides are...

a) like any gold you buy, spot could drop and you need to sell
b) you get emotionally attached and can't bring yourself to sell when you should

If you can still get them at issue premiums, and you're already in the market for 1oz of gold, do it!!!

5_handful_of_dragons.jpg
 
GP, you're right, they actually don't look too bad at all. Perhaps you have to stare at it for a little while before you can appreciate them.. lol.. or perhaps your hand makes them look good :P
 
you will always get a premium on this coin even if you pay abit more now. It has a limited mintage which is almost sold out within a couple days of issue. It will be rare as hens teeth in later years.
 
chimpanchu said:
Wow... hei GP are you emotionally attached to those gold coins in your hands...? Care to sell me some of them?
Click to expand...

Ha - my exit strategy is a bit longer than holding them for 1 week.
 
Your only real problem would be if the spot gold fell, then you WOULD lose the spot value of the coin you have paid and you MIGHT lose the numismatic premium you paid if there is a rout in the gold market if fear took over.

EG. The Perth Mint was selling the 1oz gold dragon for $1,860 today and gold was about $1,770 at that time. Ignore post cost etc you are paying about $100 over spot for this coin.

IF gold sank to say $1,500 a coin you would probably still be able to sell your coin for $1,600 ie. your numismatic over spot is maintained @ $100 and you only lose spot.

But if gold went to say $800 you might find there arent too many buyers for your gold around at all and you might have to sell closer to spot of $800 thereby losing your numismatic premium.
 
goldpelican said:
chimpanchu said:
Wow... hei GP are you emotionally attached to those gold coins in your hands...? Care to sell me some of them?
Click to expand...

Ha - my exit strategy is a bit longer than holding them for 1 week.
Click to expand...


I'll hold some of them for ya... that way you won't have so many to exit for... :D
 
You must log in or register to reply here.
Back
Top