From Sovereign Man:
Still a bit bleary-eyed from last night's 12-hour flight from Johannesburg, I decided to walk off the jetlag this afternoon by taking a stroll down Queen's Road in Hong Kong's Central district.
Now, bear in mind that I just came from South Africa… perhaps the 'goldest' of the gold producing nations. I was hard pressed to find too many credible retail outlets in Johannesburg and Cape Town with Krugerrands selling gold for less than an 8% to 10% premium over spot.
Today in Hong Kong at the Bank of China main branch on Queen's Road, I bought an 'unsealed' Maple Leaf (i.e. loose coin) for just 0.5% over spot; I also purchased a 'sealed' Maple Leaf (i.e. collector-ready) for an additional $60, or about 4.5% over spot.
Funny thing, it wasn't even the best price in town. You can buy gold for as low as...
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