The prices have risen one after another "This time is a good market!" Merchants in the Shanghai Lugong Coin Market issued such a lament. During the visit, the reporter found that many merchants had no inventory, and had to post a notice “a large number of acquisitions of gold and silver coins†and seize the time to sell the goods, in order to hold high prices after a period of time, to earn the difference. Businesses report that the volume of transactions has risen sharply in recent months, and the transaction volume has increased by about 40%.
It is understood that the most popular sections at present include mainly new products and new products, panda gold and silver coins, gold coins and gold and silver coins. New products in the new section of the plate, there is no shortage of some pretty aggressive varieties. For example, the “Xi'an World Horticultural Exposition Panda Plus Gold and Silver Coin†set released in April this year has risen from the initial 4660 yuan issue price to 10,800 yuan, and within a short period of four months, the average monthly increase has reached 33%.
Panda gold and silver coins have become the most popular varieties because of the popularity ratio of public assets, investment and the need to preserve value. At a counter, a 1 ounce panda gold coin issued this year was priced at 12,300 yuan, while its July offer was 10,300 yuan, up 2,000 yuan in a month.
The reporter learned from the interview that gold coins and zodiac coins are also the focus of investors. Prior to this, the prices of color coins have been relatively stable, and they have become “value-depressedâ€. After the prices of some leading varieties have risen one after another, the value of the entire gold coins sector has increased. Among them, especially the 1/2 oz. color gold coins are sought after by currency dealers and investors and have become a bright spot in the near-term market. The purchase price of Caijin Longtou Variety Guiji drunken currency trader has reached around 72,000 yuan, which is quite eye-catching. In addition, including the fine gold variety products, such as Saitama winning the first prize, Pangu opened the world, Naotiangong, currency acquisition prices are rising. At the same time, the performance of the Zodiac currency is also very colorful. Taking 2009 color gold bull as an example, it has risen from 15,500 yuan a month ago to the current 23,000 yuan, an increase of 48%.
The reason for the rise is that gold and silver coins are not faded in the off-season. Why is this? According to market participants, the first reason must be attributed to the trend of gold prices. It is understood that the price of international gold prices soared from 1600 US dollars / ounce to a high of 1900 US dollars / ounce, but a month's time. In this case, the rise in gold prices has stimulated the market demand for gold and silver coins. In addition, there is also a non-negligible factor is the increase in gift demand. Some merchants reported to reporters that the demand for the gift market has gradually increased as the Chinese Mid-Autumn Festival is approaching. It is understood that there are a considerable number of gift buying interventions for the 1 oz gold cats in 2011, and 1/4 ounces and 1/2 ounces for the same year specifications.
In addition to the above factors, the increase in investment demand has also led to a higher trading volume in the market. In the recent period of time, the enthusiasm of investors has increased significantly. Panda gold coins, color gold coins and some new product varieties are investors' current concerns.
Will the recent trend of mid- and long-term bullish gold and silver coins be just a flash in the pan? Huang Ruiyong, director of the Institute for Contemporary Gold and Silver Research, said that the gold and silver coin market has ushered in a medium to long-term bull market. Although the recent adjustment in the price of gold has caused the market to worry about the price trend of gold and silver coins. However, experts explained that from a long-term point of view, central banks in various countries will maintain high demand for gold due to the need for hedging. Therefore, the current price shocks are only a period of consolidation. As a result, the trend of bullish gold and silver coins is hard to change.
On the other hand, the entry of domestic social capital has further stimulated the enthusiasm for the collection of gold and silver coins. According to Huang Ruiyong’s observation, the wealthy class in China has begun to regard gold and silver coins as part of the allocation of household assets, which is also a good factor for the market.
So, what varieties are worth paying attention to? Huang Ruiyong predicts that the high-end "old and thin" varieties with a circulation of less than 2,000 will probably usher in a wave of greater market next year. Some market participants also pointed out that for the specifications of 1/2 ounce and 1 ounce of “old and thin†varieties, under the background of continuous expansion of new product circulation, the newly issued varieties are relatively rare, which is particularly valuable. "The most important thing is that the 'old and thin' species is relatively fragmented and the value has not been truly reflected," Huang Ruiyong said.
It is understood that the most popular sections at present include mainly new products and new products, panda gold and silver coins, gold coins and gold and silver coins. New products in the new section of the plate, there is no shortage of some pretty aggressive varieties. For example, the “Xi'an World Horticultural Exposition Panda Plus Gold and Silver Coin†set released in April this year has risen from the initial 4660 yuan issue price to 10,800 yuan, and within a short period of four months, the average monthly increase has reached 33%.
Panda gold and silver coins have become the most popular varieties because of the popularity ratio of public assets, investment and the need to preserve value. At a counter, a 1 ounce panda gold coin issued this year was priced at 12,300 yuan, while its July offer was 10,300 yuan, up 2,000 yuan in a month.
The reporter learned from the interview that gold coins and zodiac coins are also the focus of investors. Prior to this, the prices of color coins have been relatively stable, and they have become “value-depressedâ€. After the prices of some leading varieties have risen one after another, the value of the entire gold coins sector has increased. Among them, especially the 1/2 oz. color gold coins are sought after by currency dealers and investors and have become a bright spot in the near-term market. The purchase price of Caijin Longtou Variety Guiji drunken currency trader has reached around 72,000 yuan, which is quite eye-catching. In addition, including the fine gold variety products, such as Saitama winning the first prize, Pangu opened the world, Naotiangong, currency acquisition prices are rising. At the same time, the performance of the Zodiac currency is also very colorful. Taking 2009 color gold bull as an example, it has risen from 15,500 yuan a month ago to the current 23,000 yuan, an increase of 48%.
The reason for the rise is that gold and silver coins are not faded in the off-season. Why is this? According to market participants, the first reason must be attributed to the trend of gold prices. It is understood that the price of international gold prices soared from 1600 US dollars / ounce to a high of 1900 US dollars / ounce, but a month's time. In this case, the rise in gold prices has stimulated the market demand for gold and silver coins. In addition, there is also a non-negligible factor is the increase in gift demand. Some merchants reported to reporters that the demand for the gift market has gradually increased as the Chinese Mid-Autumn Festival is approaching. It is understood that there are a considerable number of gift buying interventions for the 1 oz gold cats in 2011, and 1/4 ounces and 1/2 ounces for the same year specifications.
In addition to the above factors, the increase in investment demand has also led to a higher trading volume in the market. In the recent period of time, the enthusiasm of investors has increased significantly. Panda gold coins, color gold coins and some new product varieties are investors' current concerns.
Will the recent trend of mid- and long-term bullish gold and silver coins be just a flash in the pan? Huang Ruiyong, director of the Institute for Contemporary Gold and Silver Research, said that the gold and silver coin market has ushered in a medium to long-term bull market. Although the recent adjustment in the price of gold has caused the market to worry about the price trend of gold and silver coins. However, experts explained that from a long-term point of view, central banks in various countries will maintain high demand for gold due to the need for hedging. Therefore, the current price shocks are only a period of consolidation. As a result, the trend of bullish gold and silver coins is hard to change.
On the other hand, the entry of domestic social capital has further stimulated the enthusiasm for the collection of gold and silver coins. According to Huang Ruiyong’s observation, the wealthy class in China has begun to regard gold and silver coins as part of the allocation of household assets, which is also a good factor for the market.
So, what varieties are worth paying attention to? Huang Ruiyong predicts that the high-end "old and thin" varieties with a circulation of less than 2,000 will probably usher in a wave of greater market next year. Some market participants also pointed out that for the specifications of 1/2 ounce and 1 ounce of “old and thin†varieties, under the background of continuous expansion of new product circulation, the newly issued varieties are relatively rare, which is particularly valuable. "The most important thing is that the 'old and thin' species is relatively fragmented and the value has not been truly reflected," Huang Ruiyong said.
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