Our author found in the Hangzhou gold and silver coin market survey that in addition to the price cuts for new products and new products, even the price of silver dollar Yuan Datou at the time of the ** period was also adjusted downwards. So, what caused the collective decline of gold and silver coins?
Some collectors in Hangzhou told the author that the recent fluctuations in international gold and silver prices have a certain impact on the price of gold and silver coins. Taking gold as an example, spot gold rose from 1,479 US dollars per ounce in early July to an all-time high of 1,920 US dollars per ounce in early September. On September 26, it once fell back to 1,536 US dollars per ounce, with a maximum drop of 20%. Completed the "roller coaster" market. The trend of silver is even more thrilling. On September 24, the biggest single-day decline was nearly 17%, with the lowest reported at 26.09 US dollars per ounce, a 10-month low, and it has been around 31 US dollars per ounce recently. The price of gold and silver began to plummet, triggering panic among some consumers and collectors. Some gold and silver coins closely related to gold and silver prices were directly affected, while some new and new products that had not yet been fully digested were subject to selling and suppression. The rare old currency has less influence.
Women's Merchants in the Hangzhou Collection Market: The panda is a little affected by the price of gold. Other old people have no effect.
Zhejiang Jinniu Industry and Trade Co., Ltd. Zhejiang regional manager Zhao Jun: Like some other gold and silver coins, has its own trend, not necessarily linked to the price of gold. Maybe there is an influence in the hearts of ordinary people. The price of gold has fallen and my commemorative coin will definitely fall. In fact, it has its own independent market.
In addition, some merchants believe that the correlation between gold and silver market prices and gold and silver prices is limited, and the relationship between Yuan Datou and other “old and thin†gold and silver coins and gold and silver prices is not significant. However, they have also experienced a slight decline in this round of downsizing. Take Yuan Datou as an example. At the beginning of the year, the price had already reached 850 yuan. In the more than half a year's time, Yuan Datou slowly fell from 850 yuan/piece to a current 700 yuan. The leading brand of the 1/2 ounce color gold coin, known as the market leader, was drunk and the recent price fell from 88,000 yuan in the highest period to the current 83,000 yuan. Collective merchants believe that the stock market dominated by collecting funds is evolving into a common dominant position of collections and investment funds, of which investment funds occupy a larger proportion. Therefore, many customers also use the eyes of the stock market to look at the gold and silver coin market. In particular, the gold and silver coin market has experienced a strong up-and-out sentiment after experiencing an early rise. Some people think that the gold and silver coin market will usher in a wave of downsizing.
Hangzhou collectibles market Mr. Zhang: We are not the first-hand goods, we are in accordance with the market to take, and sometimes take it up to go up, like the stock, like falling, we are also falling.
Mr. Ge, Hangzhou Collection Market: There is a little less people to buy. Why is it a little less? He was a bit panicked, and he was afraid that he would lose.
Some collectors in Hangzhou told the author that the recent fluctuations in international gold and silver prices have a certain impact on the price of gold and silver coins. Taking gold as an example, spot gold rose from 1,479 US dollars per ounce in early July to an all-time high of 1,920 US dollars per ounce in early September. On September 26, it once fell back to 1,536 US dollars per ounce, with a maximum drop of 20%. Completed the "roller coaster" market. The trend of silver is even more thrilling. On September 24, the biggest single-day decline was nearly 17%, with the lowest reported at 26.09 US dollars per ounce, a 10-month low, and it has been around 31 US dollars per ounce recently. The price of gold and silver began to plummet, triggering panic among some consumers and collectors. Some gold and silver coins closely related to gold and silver prices were directly affected, while some new and new products that had not yet been fully digested were subject to selling and suppression. The rare old currency has less influence.
Women's Merchants in the Hangzhou Collection Market: The panda is a little affected by the price of gold. Other old people have no effect.
Zhejiang Jinniu Industry and Trade Co., Ltd. Zhejiang regional manager Zhao Jun: Like some other gold and silver coins, has its own trend, not necessarily linked to the price of gold. Maybe there is an influence in the hearts of ordinary people. The price of gold has fallen and my commemorative coin will definitely fall. In fact, it has its own independent market.
In addition, some merchants believe that the correlation between gold and silver market prices and gold and silver prices is limited, and the relationship between Yuan Datou and other “old and thin†gold and silver coins and gold and silver prices is not significant. However, they have also experienced a slight decline in this round of downsizing. Take Yuan Datou as an example. At the beginning of the year, the price had already reached 850 yuan. In the more than half a year's time, Yuan Datou slowly fell from 850 yuan/piece to a current 700 yuan. The leading brand of the 1/2 ounce color gold coin, known as the market leader, was drunk and the recent price fell from 88,000 yuan in the highest period to the current 83,000 yuan. Collective merchants believe that the stock market dominated by collecting funds is evolving into a common dominant position of collections and investment funds, of which investment funds occupy a larger proportion. Therefore, many customers also use the eyes of the stock market to look at the gold and silver coin market. In particular, the gold and silver coin market has experienced a strong up-and-out sentiment after experiencing an early rise. Some people think that the gold and silver coin market will usher in a wave of downsizing.
Hangzhou collectibles market Mr. Zhang: We are not the first-hand goods, we are in accordance with the market to take, and sometimes take it up to go up, like the stock, like falling, we are also falling.
Mr. Ge, Hangzhou Collection Market: There is a little less people to buy. Why is it a little less? He was a bit panicked, and he was afraid that he would lose.
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