Saturday, January 21, 2012

Gold at DISCOUNT if available...


So 99 gold tael is selling at BOCHK at $15440HKD, convert it to $/oz=15440/37.43*31.1=$12829HKD
Spot(Paper) price for gold is $12943.85, which is a DISCOUNT of 1%
Please let me know if I make any mistakes in my calculations, I assume that banks are open on Saturday, so did any one bought any gold over this weekend?

15 comments:

  1. In BOC, no physical gold & silver are being transacted on all saturdays.
    In HK, you can only get physical gold from Hang Seng Bank on saturdays.

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  2. Thank you for the info NLP, lets see if the discount continue when the market open again

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  3. kidthief,恭喜發財!心想事成!

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  4. kidthief
    金銀滿屋
    心滿意足

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  5. Hello, does anyone know if BOCHK is open today? Their gold is still on discount from spot

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  6. kidthief,all banks in HK open on 年初四 provide that it does not fall on sunday.

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  7. BOC has previous metal trading from Mon - Fri, exclude PH.
    As I said before, 99 gold is always the buy of choice but it comes with 5-tael only.

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  8. Thanks for the info guys/girls

    I just didnt know they were so cheap that it was at discount...

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  9. Hey Yan,

    just wondering where can i check the price of 5 tael 99 gold?

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  10. This comment has been removed by the author.

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  11. Same as your caption photo. The price is for 1 tael, so x5 = 5 tael.

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  12. The price is shown at your captioned picture, which listed 1 tael 99 gold. So, x5 = 5 tael 99 gold.

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  13. but your captioned photo has already shown the price of 99 gold for 1 tael.
    Strange, I found google blog has some problem recently. Either my replies were not shown up here or my blog 9999 was completely Disappeared for a while. Terrible.

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  14. Strange, some of your replies are not showing up, maybe its the problem of my blog or blogspot/google. So I will just reply everything here.

    So the price is the same but just x5 becaz its 5 tael?
    Also can you resend the picture?
    I am not really familiar with LCS in CA, but since she is in the states might as well go for ATB 2010/2011 at provident before the 2012 is release

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