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Posted 07/19/2011 10:19 am
Quote:
And you know the pre-33 gold have a different AGW than their modern counterparts, right? I see you have a high post count, so I'm assuming you knew this. If so, please don't take offense. I only just recently learned this as I had just assumed it was always the same.
And you know the pre-33 gold have a different AGW than their modern counterparts, right? I see you have a high post count, so I'm assuming you knew this. If so, please don't take offense. I only just recently learned this as I had just assumed it was always the same.
For general info, most "old" gold fits the 900 fine pattern with the amount of gold = to $20.67 an ounce. For thumbnail calculations, the 3.35% shortage is ignored.
The AGE were designed to compete with the krand, and not only have a different AGW, but are the same purity (22k), color and dimensions as the krand.
To make sure the AGE got off to a good start, the US banned importation of krands a few months before, citing apartheid, which was 100% BS, since you could import all the 100 oz SA bars you wanted.
Once AGE were established, the ban was conveniently lifted.
