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?
Posted by at

15 comments:

  1. Master NLPJanuary 22, 2012 at 1:08 a.m.

    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.

    ReplyDelete
  2. kidthiefJanuary 22, 2012 at 12:35 p.m.

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

    ReplyDelete
  3. Master NLPJanuary 22, 2012 at 9:19 p.m.

    kidthief,恭喜發財!心想事成!

    ReplyDelete
  4. YanJanuary 22, 2012 at 11:50 p.m.

    kidthief
    金銀滿屋
    心滿意足

    ReplyDelete
  5. kidthiefJanuary 23, 2012 at 8:28 p.m.

    Happy Chinese New Year~~

    ReplyDelete
  6. kidthiefJanuary 25, 2012 at 11:19 p.m.

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

    ReplyDelete
  7. Master NLPFebruary 2, 2012 at 5:13 a.m.

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

    ReplyDelete
  8. YanFebruary 4, 2012 at 7:03 p.m.

    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.

    ReplyDelete
  9. kidthiefFebruary 4, 2012 at 7:43 p.m.

    Thanks for the info guys/girls

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

    ReplyDelete
  10. kidthiefFebruary 5, 2012 at 11:04 p.m.

    Hey Yan,

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

    ReplyDelete
  11. YanFebruary 6, 2012 at 5:13 a.m.

    This comment has been removed by the author.

    ReplyDelete
  12. YanFebruary 6, 2012 at 5:17 a.m.

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

    ReplyDelete
  13. YanFebruary 6, 2012 at 7:02 a.m.

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

    ReplyDelete
  14. YanFebruary 6, 2012 at 8:39 a.m.

    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.

    ReplyDelete
  15. kidthiefFebruary 6, 2012 at 12:04 p.m.

    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

    ReplyDelete

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