Buying Canadian Mint Coins At USD Exchange Rate?
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  1. #1
    us
    Dec 2016
    Bellingham
    White's MXT E-series Tracker w/ DD 4x6 coil
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    All Types Of Treasure Hunting

    Buying Canadian Mint Coins At USD Exchange Rate?

    Neophyte treasure hunter/coin investor here. Could somebody explain why investing in gold/silver coins from the royal canadian mint with $1 CAD at 0.75$ USD would not be a good idea? Thanks.

  2. #2
    us
    Apr 2013
    Texas
    546
    288 times
    Why do you think it would be a good idea?

  3. #3
    us
    Apr 2012
    Left coast
    Love to treasure hunt
    2,167
    2422 times
    All Types Of Treasure Hunting
    Banner Finds (1)
    Honorable Mentions (1)
    You're not going to get anything for under melt.

    If a coin costs 135 Canadian, you're going to spend 100 US dollars on it. 1oz coins from them usually run 50-100 dollars Canadian...

    You do the math.

  4. #4
    us
    Dec 2016
    Bellingham
    White's MXT E-series Tracker w/ DD 4x6 coil
    16
    22 times
    All Types Of Treasure Hunting
    Ah I see. On the surface it seemed like a good idea for the same reasons buying many other things in Canada is a good idea right now, but that would make sense.

    Thanks

  5. #5
    us
    Aug 2012
    MA
    3,351
    690 times
    Metal Detecting
    Honorable Mentions (1)
    Keg - precious metals around the world are always priced in $US no matter what country you are in. so regardless of wether a currency is being devalued or appreciating it doesn't matter as the price will reflect the dollar value. Same thing with oil and most other commodities. No easy arbitrage.

 

 

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