The Monnaie de Paris (the French Mint) has just issued a new 75-gram gold coin for a sales price of 5,000 euros, or 66.6 euros a gram.
The spot price of gold on the day this coin was put up for sale was 44 euros a gram, meaning a difference of 22.6 euros per gram... an enormous premium to acquire physical gold.
Commentary :
The price of gold should go up substantially in the coming years. It is much better to center one’s acquisition on a maximum quantity of pure gold than acquiring a coin with such a large premium.
If the price of gold doubles in the years to come, your profits will come from the amount of grams of pure gold you hold, because gold itself will perform better than the premium will.
When investing in gold, one is much better going with the small ingots (1oz, 100 grams) and the gold bars (1kg, 12.5kg), because the premium is much lower than on the gold and silver coins.
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The information contained in this article is for information purposes only and does not constitute investment advice or a recommendation to buy or sell.
