Canadian Gold Prices

jabba55

Phrourach
Recently the price of gold was increased for Canadians and I am wondering why by so much.

Lets compare to the US
Currently 1 CAD=0.72 USD

CAD Price for 20,000 gold=$120
USD Price for 20,000 gold=$80

120/80=0.6666... which is less than 0.72, the current conversion rate.

This just really turns me off buying more gold especially the 20,000 gold I mean a $20 dollar increase is fairly substantial.

Just my two cents as a moderate Canadian gold user.
 

dmw1

Chiliarch
Its the same for us in the UK, wondering when I will get a similar pay rise to cover this increase.

I thought inflation was ZERO or just above - so who is getting this extra money from those who spend gold.
 

oswinnorbert

Banned
Banned
Exactly in UK the prices are too inflated, it would be great to have equal or near equal conversion rates , it would increase the incentive to purchase gold .
 

dimspace

Phrourach
Canadians are overpaying now to make up for the fact theyve been underpaying for years.

And american based grepo players have been switching to canadian dollars before purchasing


Just pay in US Dollars instead, use paypal, no conversion charge. Everyone pays the same. Simple.
 

jabba55

Phrourach
Canadians are overpaying now to make up for the fact theyve been underpaying for years.

And american based grepo players have been switching to canadian dollars before purchasing


Just pay in US Dollars instead, use paypal, no conversion charge. Everyone pays the same. Simple.
You may have a point there.