Author Topic: spike in demand for gold pandas  (Read 2151 times)

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Offline canadian

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spike in demand for gold pandas
« on: March 30, 2013, 11:37:05 AM »
Would any body care to comment on why the intrest in gold pandas is on the rise?

Offline canadian

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Re: spike in demand for gold pandas
« Reply #1 on: March 30, 2013, 08:24:50 PM »
I believe that a 17% sales tax on gold coins in China has been lifted, could this explain the hightend demand? Does any body know if the tax was lifted from current issue coins only or from resale coins as well?

Offline pandamonium

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Re: spike in demand for gold pandas
« Reply #2 on: March 30, 2013, 09:25:58 PM »
Peter Anthony had an article on the tax but I could not find it.  Maybe he will chime in.  Yes, the removal of the tax has helped sales.  Chinese banks sell gold/silver pandas.  1/5th of China's population can afford to buy metals.  1/5th of China's population is equal to the entire population of the US.  The world has caught on that currencies are in trouble and the main safe haven is gold/silver.  Demand is growing and is in the beginning stage.  At some point supply will disappear and then we will see the parabolic spike in price as price manipulation will not be possible.  Hopefully all MCC will take off before bullion and I think it will.   Silver Eagle sales continue to set records.  My prediction is fractional gold pandas, 1/10 and 1/20 oz, will reach the $1,000 mark.  You can't go wrong w/ the purchase of gold pandas............

Offline SANDAC

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Re: spike in demand for gold pandas
« Reply #3 on: March 30, 2013, 10:58:03 PM »
I believe that a 17% sales tax on gold coins in China has been lifted, could this explain the hightend demand? Does any body know if the tax was lifted from current issue coins only or from resale coins as well?
Please see this discussion:   http://china-mint.info/forum/index.php?topic=8087.0

related discussion:
http://china-mint.info/forum/index.php?topic=8250.0
http://china-mint.info/forum/index.php?topic=8163.0

Offline canadian

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Re: spike in demand for gold pandas
« Reply #4 on: March 31, 2013, 10:41:21 AM »
Thank you Sandac

I missed those discusions, I was away traveling. However when I returned I noticed the number of dealers looking for gold pandas and was a bit supprised to receive Peter's bonus pricepedia for March. With regard to the tax, I have never shipped a coin to China. Are Chinese customs pretty thourough when it comes to collecting tax on mailed items? I imagine that there would still be a demand for pre 2000 Pandas to complete annual sets for birth date years etc. It looks like the tax exemption only applies to post 99 pandas.

Offline pandamonium

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Re: spike in demand for gold pandas
« Reply #5 on: May 05, 2013, 10:16:03 AM »
What will a strong Yuan do to the price of MCC?  It may take awhile but we are headed in that direction.  Capitol flight to leave Europe and head to the US markets is expected.  What will happen when/if capitol flight heads to the Chinese Yuan?............


http://www.businesswithoutborders.com/industries/others-industries/the-birth-of-a-global-currency/