Gold mania

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TJKansai
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Re: Gold mania

Post by TJKansai »

captainspoke wrote: Fri Feb 14, 2025 3:19 am A curiosity question: Some gold coins are legitimate legal tender in their respective countries--eg, the canadian maple leaf is $50 canadian. So if you bring such coins into japan, is it the face value of the coin that is important, or its value by weight?
Pretty sure it is by weight. The Canadian gov certainly isn't selling the $50 coin for $50.

Funny aside: for a while the US mint was selling $1 coins for face value, shipping included. People bought them with credit cards, collected miles&points, then cashed them in at banks.

Speaking of rare metal/gem investments, seems diamonds are not as hot as they use to be. I have seen a number of similar articles as the one below over the last couple years.

Diamond prices worldwide continue to decline amid a global luxury market slowdown and competition from lab-grown alternatives.

The Guardian, citing data from jewelry analytics firm Tenoris, reported that the cost of a one-carat natural diamond dropped by 26.7 percent, declining from a peak of $6,819 in May 2022 to $3,923.83 last month.

Tenoris, which tracks diamond prices at shops throughout the United States, also found that the cost of synthetic diamonds had tumbled nearly 74 percent from $3,310 in January 2020 to $892 in December.


https://www.newsweek.com/diamond-price- ... my-2021386
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