Richard asks…Why is the premium on Krugerrands a proportion?It seems that Krugerrands are typically sold at a % premium above gold prices, but as gold prices rise this becomes a much bigger premium in dollars. Why wouldn't the premium be in dollars, instead of a percentage?
(Also, does anyone know where to get historical data on Krugerrand prices?)Juan answers:The short answer is that -- that is just the way the industry works -- in fact, most of the financial industry and all of the sales
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