Author Topic: "Gold Drops, but Gold Panda Prices Go Up"  (Read 1037 times)

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Offline Birdman

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"Gold Drops, but Gold Panda Prices Go Up"
« on: February 21, 2013, 03:36:12 PM »
I just noticed this market update from Jay at Rare Panda Coins

http://rare-panda-coins.blogspot.com/

"Thursday, February 21, 2013
Gold Drops, but Gold Panda Prices Go Up

The machinations of the paper gold traders on Wall Street may have pushed gold down toward $1550 per ounce, but Chinese buyers see that and conclude GOLD IS ON SALE!  买买买!Buy, Buy, Buy!

A post Chinese New Year buying rush into gold pandas is under way.  Increased promotion of Panda coins in particular is increasing awareness in China.  Thin dealer inventories mean that prices will go up on many coins.

The low gold price is prompting big increases in all physical gold sales across the board.  You local coin dealer is probably very busy.  This is very bullish.
Posted by Jay Feldis"

Offline silver222

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Re: "Gold Drops, but Gold Panda Prices Go Up"
« Reply #1 on: February 22, 2013, 12:19:43 AM »
Interesting article

"the country’s gold consumption per capita is.. 4.6 grams"

anyone guess how that compares to the per capita consumption here on the MCC forum :biggrin:

silver222

Offline pandalover

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Re: "Gold Drops, but Gold Panda Prices Go Up"
« Reply #2 on: February 22, 2013, 05:15:53 AM »
i just notice some local dealer reduce the panda price of recent year (both silver and gold) due to recent sharp drop in gold and silver price.