The Investment Gold Panda should be concerned about the international price of gold realizable is still the bottleneck

[Gold Panda relative to other non-state issue precious metal coins, Chapter easier banks acknowledged, but so far is not responsible for the repurchase of the People's Bank, Gold Panda investors only in some Bika market purchase and shipping]

Concern about the increasing gold investment market, Gold Panda, the dual attributes of both the investment and collection has been the investment products touted by insiders.

In recent years, the banking system to test the water sales Gold Panda not only enrich the wealth management business of the bank itself is also largely driven by the expansion of the Panda coin market. With the promotion of the banking system, the the Investment Gold Panda logic seems to have become different.

Lawful currency strengthen investment value

There are five of the most prestigious in the world gold market, investment gold, that South Africa's Kruger the American Eagle foreign coins, Canadian Maple Leaf, Australian Kangaroo gold coins of Gold Panda. Different Chinese Gold Panda and the four other gold coins that the Chinese Gold Panda is a limited edition issued by the state, while the other four countries investment in gold is not limited to production according to market demand, this property makes Panda gold coins more than the above-mentioned four gold coins The value of the investment.

Lu Ying Hosane Coin Head First Financial (microblogging) Daily Financial Business "reporter, said:" Panda currency is hard currency, the nominal value of the legal currency of the country, in accordance with the nominal value of take it with, but also will be recognized. "

Lu Ying Gold Panda is different from the general investment value of gold and silver coins and gold products issued by banks is a material prices, Panda coins in addition to the price of materials, there is a certain premium, and are protected by law, Panda coins can not fraud, realizable channels a little more gold products can only be sold to the banks, and the different banks on sale of gold products is not known.

"Panda coins a good investment and collection properties combined with a very high degree of recognition in the world, it is easy popularity, it is more respected." Shanghai Finance University financial management contemporary gold and silver coins Culture Institute Huangrui Yong told this reporter Canadian Maple Leaf, the American Eagle Ocean, South Africa Kruger pattern is fixed, the Australian kangaroo also later change the pattern, only Panda annually ever-changing, many foreign manufacturers buy Panda coins each year but also because of the pattern on the Panda morphology currency The factors are not the same.

Appreciation of the most obvious the Aperture Edition Gold Panda 2000, the market price of 15 million to 18 million, but just released a set of less than 10,000 yuan, the main reason is that the dollar-denominated gold more than a year rose about 6 times , mirror ring version of the Shanghai Mint, in fact, the sandblasting system than the same year, a national treasure Mint version a lot less, and the relationship between supply and demand is causing prices to rise sharply.

Modern gold coin collectors Ge Zukang told reporters: "The current international and domestic economic situation is the inflation trend, and fluctuations in the international price of gold, 1 ounce of gold once broken $ 1 900 this year over 1500 to over 1700 U.S. dollars fluctuations. Panda & P made gold this is a good opportunity to make the difference, spotted the gold price lows buy and sell the highest point for the difference in profit, which is the current concern Panda Gold Coin Investment reason. "

As for the investment targets, Ge Zukang Panda general system of gold and silver coins (coins for investment) is the most common market gold and silver coins, the issue of a few hundred thousand to several million ounces a year, it should only investment is not appropriate collection; Panda refined gold and more than 5 ounces specifications Panda gold silver and platinum, palladium Panda coins issued volume is not more than 10,000 less than 100, a small number of large-sized gold, is a real panda in China Modern precious metal coins collection coins for investment; production in order to commemorate the anniversary of the issue of the Chinese Gold Panda is truly Panda Panda gold coin issued commemorative coins so far has issued 10, 15, 20, 25, 30 anniversary panda commemorative gold and silver coins, the circulation is far less than the Panda made of gold and silver coins, the panda commemorative gold and silver coins most Panda coins worth collecting and investment varieties; the Panda & P system of currency plus word commemorative coin collections and investment are much better than the Panda system of currency is the primary and preferred weaker economic capacity.

Bank sales change the market structure

The traditional commemorative coin sales are divided into the primary market and the secondary market. The primary market for the China Gold Coin Corporation Outlet Center; secondary market is similar to the Beijing the players madian Post Card commemorative coins of the currency market, the market and the auction, online retail stores. In recent years, the banking system has also joined the ranks of the sales of gold and silver coins.

Reporters learned from a number of banks, including Bank of China, ICBC, China Construction Bank, Postal Savings, transportation, investment banks such as Panda coins are sold. Some can go directly to the outlets to buy, and some can only be in the bank's official online booking, and then to pick up the designated outlets.

ICBC Shanghai Nanjing Road Branch of ICBC Shanghai Branch precious metals flagship store, a staff member told reporters that the bank had quotas Gold Panda has long been sold out, currently only booking the 2013 Gold Panda.

It is understood that, as one of the first to join the Panda gold coin sales of bank, ICBC Beijing only five outlets sales of Gold Panda, and began this business in July 2011.

Huangrui Yong said: "The banks are not among the first to test the water sales, but in the long run, with the bank to join, Gold Panda, there will be an outbreak of sales."

The banking system of the Panda gold coin sales really should not be underestimated. Construction Bank (601939, stock it), Panda gold coins on sale of China Construction Bank since the beginning of this year, just three months on sales of over 16,000 units. A Construction Bank branch of a municipal staff, told reporters that the outlets Panda coins available for sale now, perhaps at the provincial level branches to buy. The staff also said that, as long as the the precious metals Ministry of outlets can be marketed in the line Gold Panda.

"The bank's influence is far more than the private market, authorized dealers or even online sales platform, the bank is the most common, most closer to the consumer." Lu Ying Panda currency sales to the major banks can develop, the price will certainly push very high, and other precious metal coins, issued by the State Chapter price will be pushed, because the the collection groups will significantly expand.

Huangrui Yong said that the effect of banks to enter the sales of Gold Panda like retail investors to enter the securities market. Compared to the stock market, the Panda coins are still niche collection of species. If you increase the circulation, the more groups involved, the new price will be closer to the gold price of raw materials, truly the gold to the people. Although the issue of large extrusion Panda coins of value-added space, but the expansion of the precious collection team, "expansion" to reduce the collection threshold can allow more people to get involved.

The precious metal commemorative coins issued plan data released by the central bank, due in 2010, 2012 has a number of banks to test the water sales Gold Panda 2012 Panda gold coin circulation is also improved accordingly. The 2011 Gold Panda (plus word and without word) a total circulation of 4,368,000, and 11,850,000 in 2012.

Intervention should be concerned about the international price of gold

Compared with other collections, from formal channels to buy gold and silver panda coin material is acceptable fidelity, investment value, just like circulation, the gold price change hook. Gold Panda's price is also more evident with the fluctuations in the gold trend, gold prices plummeted, the large size of the decline in Gold Panda is also the most aggressive.

The current point in time concerned about the investment value of Gold Panda changes in market structure, in addition to the sale by banks, the relatively low price of gold also provides the opportunity to intervene.

"Buy now benefits this year, the overall market environment is uncertain, while the price of gold is now a relatively low lows." Lu Ying, a concern is now the price of gold is relatively low, the past six months to a low of November In the 8th, an ounce of gold price is $ 1,715. If you want to buy paper gold futures, risk is relatively large, pay the fee is high, it would be better to buy some panda coins, you can also hedge against inflation. This year is the 30th anniversary of Panda coins, various related agencies, etc. Panda coins engaged in promotional activities, propaganda is an increase there will be a lot of new collectors entering the market with the stock market, as long as there is a lot of retail investors to enter the price will elevation.

In addition to concern about the movements in the gold price, Lu Ying also suggested that investors can grasp the gold investment from the following details.

First, investors should pay attention to the establishment of a more comprehensive concept of gold and silver coins. Gold Panda "A lot of people do not know, will buy of some unofficial issued gold and silver chapter, this is not the nominal value, the state does not guarantee it is 9999 gold, many customers will take a number of derivative products to our side to auction also the pattern of the panda, but not a panda commemorative coins issued by the central bank, so to find out, even buy also buy the China Gold Coin Corporation and issued by the People's Bank, have collectible value. "

Secondly, should also be concerned about the issue of the amount of investment Gold Panda. Lu Ying said: "Some people have been entering the market, do a little senior point favorites, have to go look at the issue of the amount of circulation of a very determined, Gold Panda, buy the issue if you want to go to the collection, less. "

Finally, Lu Ying, investment Panda coins have to look at the economic capacity issued small coins, relative to Favorites relatively strong appreciation of possibility, the issue greater the amount of material prices closer, scarcity, collection necessary to Favorite little things, the investment if you buy large circulation things because of the relatively small risk coefficient.

Realizable link is still the bottleneck

Gold Panda relative to precious metal coins, issued by other non-State Chapter, easier to banks acknowledged, but so far is not responsible for the repurchase of the People's Bank, Gold Panda investors only some Bika market share intake and shipments, these markets tend to price opaque, information asymmetry even fakes mixed, making the the Gold Panda realizable difficult shot to a certain extent also limit investors.

Lu Ying admits: buy Gold Panda Bank will provide an additional premium, the time to buy is certainly higher than the issue price is also higher than the market price, the bank is also no recovery mechanism, individual recovery also can not give you the market price. the bank's market sensitivity is not some third-party professional to do the investment of gold and silver coins, banks need to give yourself some safe range, so the recovery of the price is not very high. possible price of a million it received eight thousand, also normal. "

It is understood that, even if not realized, little bankable Panda coins as financing collateral. From the pawnshop financing Panda coins only in accordance with the price of gold fold when the lines of funding is very limited. Accordingly, even promising Panda credits, taking into account the liquidity of the present can only appropriate configuration.

Insiders believe that, with the banks involved in sales promotion, Panda general system of gold in the near future, should be able to achieve institutions offering the convenience of in the designated bank branches or retail outlets repurchase.