1-Oz 2015 Canadian Gold Maple Coin...& Weak Canadian Dollar?

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Author	Replies: 5 / Views: 1,594
Whitetail Junkie Valued Member Canada 312 Posts	Posted 04/30/2015 8:40 pm I'm at the point where I really want to purchase my first 1 ounce gold coin and I only want the 2015 maple.Ive been holding off for two reasons.... 1st is the price of gold seems to be slowly dropping lately......will it continue this downtrend? 2nd the canadian dollar sucks right now compared to the USD.....it was 80 cents american to 1dollar canadian very recently,now it's up to 83 cents American for the canadian dollar....so now the Canadian dollar seems to be gaining strength which will make a 1oz gold coin cheaper to purchase. Right now a 1oz gold maple is about roughly $1500.00 Canadian and I'm still undecided what to do....if the currencys where on par I'd be paying closer to $1250.00 for the coin,which seems like a better idea to me....lol..... Gold and silver seems unpredictable right now,what do you guys think? Cheers,WJ Report this Post to the Staff

Northerncoins Pillar of the Community Canada 2019 Posts	Posted 04/30/2015 9:25 pm Just buy it...you will always be thinking you could have gotten it cheaper no matter what the spot/dollar is. Nothing like an oz of pure gold in hand , oh what a feeling. Report this Post to the Staff
Bob Levi Valued Member Canada 488 Posts	Posted 05/01/2015 12:01 am I agree, I don't see the rates going back to par anytime soon. If your waiting to catch the fluke of currency at par. You will waist a lot of time you and that gold maple can have together. I'm confused a bit. How does a stronger canadian dollar make the coin cheaper? If your buying a canadian coin with canadian cash why does the exchange rate matter! Report this Post to the Staff
coinwatch Pillar of the Community United States 808 Posts	Posted 05/01/2015 01:14 am While I don't have the forex issues compounding my gold buying decisions, I completely agree with your fellow Canadians: buy it! It's a single ounce and hopefully a very cool buying experience. It's not like you're buying multiple ounces. If you've got it, spend it and enjoy! Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 05/01/2015 11:37 am Many peeps bought gold during 2011 peak; and they must enjoyed the buying experience. What now? My prediction shows that gold will break below $1,100 (not sure how much in CAD) by the end of this year. I am waiting for the Thanksgiving; wow, last year was a great dip with special promotion! Report this Post to the Staff
coinwatch Pillar of the Community United States 808 Posts	Posted 05/01/2015 5:17 pm Buying gold $100USD over it's current projected low is very different than buying back when the market peaked back in 2011. The price risk for the OP is pretty low for a single ounce purchase. Just my opinion, though. Report this Post to the Staff
	Replies: 5 / Views: 1,594

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