Post by AyG on Feb 1, 2016 17:56:57 GMT 7
Doubtless Thai-loving gold bugs will be delighted at the opportunity to buy the new 32.21 g, 99.99% pure Thai gold coins as an investment. Apparently such coins fetches 70,000-80,000 baht on foreign markets according to the Director General of the Treasury, Mr. Jakkrit Parapuntakul.
Seems a little off to me. 70-80,000 baht is roughly GBP 1370-1570. Now, 32.21 g is one Troy ounce. One ounce 2015 Britannia coins in 999.9 fine gold currently cost around GBP 840 (or less in bulk). Oh, and both coins are manufactured by the British Royal Mint.
Not sure what to conclude.
www.bangkokpost.com/news/general/847464/new-commemorative-coins-to-be-launched-overseas
Seems a little off to me. 70-80,000 baht is roughly GBP 1370-1570. Now, 32.21 g is one Troy ounce. One ounce 2015 Britannia coins in 999.9 fine gold currently cost around GBP 840 (or less in bulk). Oh, and both coins are manufactured by the British Royal Mint.
Not sure what to conclude.
www.bangkokpost.com/news/general/847464/new-commemorative-coins-to-be-launched-overseas
