I havn't dug into the details here, I'm sure there's a way to sortof 'make sense' of this... but right now the price of 1 troy ounce of .9999 pure gold minted by Canada costs (to buy) $2087.92USD and the price of 1 troy ounce of .9999 pure gold minted by USA costs (to buy) $2182.92USD. That's what, a 5% difference in value for precisely the same amount of gold? This is because the $CAD inflation rate is different from the $USD inflation rate and both coins are backed by a $50 exchange guarantee by their respective minting governments, and since the $USD has a different purchasing power than the $CAD, that guarantee results in the coin being worth a different amount. But it still seems silly to me. These are prices to buy the gold online and have it shipped to ur house from a private company. Presumably the company selling them buys the coins in bulk from whichever mint is selling them at the lower relative price, to be able to sell them in the other country at a higher price. But literally no one is taking a ~$2000 coin and asking either govt to trade them $50 of currency for it, right? So why is the price different at the consumer level? I'm not bitching, I'd just buy the cheaper one. It just seems weird. Kinda seems like the price of gold might be being artificially inflated or deflated. If that's the case, what is the REAL value right now. I mean, its either $2182USD per troy ounce, or its $2087USD per troy ounce, they can't both be the REAL value, and if one of them is off, maybe they're BOTH off. Anyway, just thought I'd share this little conundrum and get your thoughts.
