Buying Canadian Mint Coins At USD Exchange Rate?

[keg11v]

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.

 

[TheCoinKid]

Why do you think it would be a good idea?

 

[CoinFetcher]

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.

 

[keg11v]

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

 

[0121stockpicker]

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.