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italianstallion39
Joined: 10 Jan 2005
Location: The planned city in the south
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 Posted: Fri Dec 28, 2007 11:57 am Post subject: Gold, Silver, bullion |
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| Does anyone know of a reputable coin/bullion dealer located in South Korea, preferably near Busan? Are there any clubs or enthusiasts who meet to trade bullion and international coins/currency? I appreciate any information! |
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gmat
Joined: 29 Jan 2003
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| Posted: Fri Dec 28, 2007 1:48 pm Post subject: |
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Why not just buy a gold ETF that trades on a stock exchange?
Don't have to worry about holding the physical asset and liquidity is excellent. Example: GLD on the NYSE had volume of more than 5 million today even though it is holiday time in most markets.
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Fri Dec 28, 2007 3:01 pm Post subject: |
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| I don't know what department stores are in Busan, but I have seen gold boullion coins sold at Lotte Department Store in Jamsil, Seoul. I didn't ask the price. |
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italianstallion39
Joined: 10 Jan 2005
Location: The planned city in the south
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| Posted: Fri Dec 28, 2007 5:36 pm Post subject: |
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| I prefer to have the physical bullion. Thanks for the answers so far--part of what I am looking for is beyond just the bullion value--like where to find Silver Eagles, Krugerrands, Pandas etc...just wondering if anyone knows about where to find those sorts of bullion/coin dealers. Thanks for the tips on Lotte--not exactly what I'm looking for, as those are more of the souvenir type sets rather than bullion/gold/silver. |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Sat Dec 29, 2007 3:29 am Post subject: |
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| The ones I saw at Lotte were boullion coins. One was set in a bezel, but others weren't. They were all one ounce coins, but I can't remember what type. They were most likely Pandas, Maple Leaves, or Australian since Asians generally prefer .9999 and seeing an alloy like the K-Rand or American Eagle would've been memorable. |
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GoldMember
Joined: 24 Oct 2006
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| Posted: Sat Dec 29, 2007 4:32 am Post subject: |
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I've heard buying gold bullion is not a good idea in Korea, as there is a 10% VAT on it.
There are plans though for a gold exchange, but then again, it may go the way of all the other hub plans. |
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