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The lack of consistency in bullion is infuriating
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<p>[QUOTE="myownprivy, post: 3624526, member: 84588"]The worst is the Chinese Gold Panda: can't decide between ounces or grams. Face value is inconsistent.</p><p><br /></p><p>From 1982 to 2015, China used ounces. From 2016 they've used grams. </p><p>From 1982 to 2000 the 1 oz gold Panda had a face value of 100 yuan. From 2001 to 2015 it was 500.*</p><p><br /></p><p>From 2016 to the present, the 3 gram gold panda has a value of 50 yuan, but the 15 gram panda has a value of 200?! </p><p>It should be 250. </p><p><br /></p><p>The Americans and the Canadians are also guilty of a bunch of inconsistent nonsense.</p><p><br /></p><p>The Americans: Put other metals in their gold and use inconsistent face values. </p><p><br /></p><p>The Americans put a bunch of ugly copper and silver into their gold, only increasing the possibility that the coin will copper spot. And consequently, the 1 oz gold eagle now must weigh over 1 ounce so that they can fit an ounce of gold into the coin. When I buy a one ounce coin I don't want it to weigh nearly 1.1 ounces! </p><p><br /></p><p>The 1/10 ounce Gold Eagle has a face value of $5. The 1 oz has a face value of $50. But the 1/4 ounce has a face value of $10?! It should be $12.50.</p><p><br /></p><p>The Canadians: same face value problems as the Americans, but at least they don't put copper and silver in their gold coins.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3624526, member: 84588"]The worst is the Chinese Gold Panda: can't decide between ounces or grams. Face value is inconsistent. From 1982 to 2015, China used ounces. From 2016 they've used grams. From 1982 to 2000 the 1 oz gold Panda had a face value of 100 yuan. From 2001 to 2015 it was 500.* From 2016 to the present, the 3 gram gold panda has a value of 50 yuan, but the 15 gram panda has a value of 200?! It should be 250. The Americans and the Canadians are also guilty of a bunch of inconsistent nonsense. The Americans: Put other metals in their gold and use inconsistent face values. The Americans put a bunch of ugly copper and silver into their gold, only increasing the possibility that the coin will copper spot. And consequently, the 1 oz gold eagle now must weigh over 1 ounce so that they can fit an ounce of gold into the coin. When I buy a one ounce coin I don't want it to weigh nearly 1.1 ounces! The 1/10 ounce Gold Eagle has a face value of $5. The 1 oz has a face value of $50. But the 1/4 ounce has a face value of $10?! It should be $12.50. The Canadians: same face value problems as the Americans, but at least they don't put copper and silver in their gold coins.[/QUOTE]
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The lack of consistency in bullion is infuriating
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