I'm currently living in China and often see gold listed on adverts for people to buy. In fact in my apartment elevator, the last month had a bank offering a special limited edition gold coin for the 'Childrens Olympics' which is being held here in 2014.
I haven't spoken to a bank yet, but from some reading I found that the banks often offer gold almost at spot price. (They also sell it by the gram not the troy Oz). I was wondering if anyone might have some insight into why this might be? I'm going to see what kind of gold is offered by the banks and see if it would be worth buying here rather than in the US since I can save quite a bit on the 'additional' price added outside of China.
Also an interesting thing I've read is silver is usually available here for almost 50-70% above spot price, so I won't be buying any silver.
I haven't spoken to a bank yet, but from some reading I found that the banks often offer gold almost at spot price. (They also sell it by the gram not the troy Oz). I was wondering if anyone might have some insight into why this might be? I'm going to see what kind of gold is offered by the banks and see if it would be worth buying here rather than in the US since I can save quite a bit on the 'additional' price added outside of China.
Also an interesting thing I've read is silver is usually available here for almost 50-70% above spot price, so I won't be buying any silver.