Monday 18 May 2020

Why is the value of a gold coin deposit greater than the market price?






Why is the value of a gold coin deposit greater than the market price?

Purchase and sale of gold coin deposit certificates on the commodity exchange; A gold coin deposit certificate is a certificate of ownership of gold coins deposited in a depository, backed by a receipt issued to the investor after delivery by the warehouseman.

These days, many people are asking why, when the price of a one-day delivery coin, such as the Welfare Bank, is higher than the open market, traders still buy more expensive coins, can't they buy the same coin from the open market at a cheaper price? For the following 5 reasons, the tendency to buy coins on the commodity exchange seems to have increased:

1- Ensuring that the coin is not counterfeit and does not need to be kept
2- Precautions and maintaining the value of money
3- Lack of physical coins in the market
4- Gold investment funds
5- Increasing the intrinsic value of coins.