Assistant in HK just picked up my big coin and sent pic.
I bought and paid back on 21 May 2019, and the price for the (special-enough) 2019-mintage kilo coin had embedded w/i a then hefty 40% premium over spot (usd 41,027 per kilo spot vs HKD 445,000 price at 7.75 fx rate). Delivery repeatedly delayed due to you-know-what (riots, more riots, Covid, more Covid) and now the then-cost is at 10% discount to now-spot, thanks to the Trump, the Fed, and the liquidity that may save the world, or not and requiring more of the same per ‘just one more round’.
The 2020-mintage 1-kilo coin is today quoted at HKD 550,000 (usd 71,000) but unavailable per unobtainium, no estimated delivery time, and must be hunted down from other buyers. Forget about it for awhile.
Nicely solid beer mug coaster. Goes well as almost-matching set of earlier-still consolation trophy prize, all courtesy of volatility, chaos, crisis, and the Central Banks. Yes, the market is not rational; thank goodness.
Had the wagers been placed on carbon energy, would have been less exhilarating Assistant just picked up big coin and sent pic.
I bought and paid back in 21 May 2019, and the price for the ‘special’ kilo coin had embedded w/i a hefty 40% premium over spot (usd 41,027 per kilo spot vs HKD 445,000 price at 7.75 fx rate). Delivery repeatedly delayed due to you-know-what (riots, more riots, Covid, more Covid) and now the then-cost has no is at 10% discount to now-spot.
Magical.
The 2020 1-kilo is quoted at HKD 550,000 (usd 71,000) but unavailable per unobtainium, and no delivery time, and must be hunted down from other buyers. Forget about it for awhile.
Nice coaster. Goes well as almost-matching set of earlier-still trophy.
Am however wondering whether a bet should be placed on natural gas. If the Democrats win, shale / fracking would be out, and ... well, too early to tell.
No matter who wins November, should be GU________
I do not understand why pension funds ‘invest’ in bonds, and coincidentally the funds do not understand the gold investors.
In the meantime rather than investing in gold, continuing to retire capital into snausages (savings) safe-place, permanently taken off of the table, for good-housekeeping. There may come that call of duty one day, a probably very messy day, when all hell breaks loose, TeoTwawKi beckons, Darkest Interregnum winks, and many may blink
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