Now Free delivery on all goldBlog
Chinese New Year (16/02/2018), Year of the Dog – Gold Opportunities in China
Jan
Opportunity for gold bars and coins in China
China is one of the largest buyers of gold bars and coins in the world. A global report 
on gold consumption released by the World Gold Council for Q3 2017 found that China set the record for the highest demand for gold bars and coins, up by 57% to 64.3 tonnes. The report found that Chinese investors invested heavily in gold, due to fears about the falling price of the Yuan, China’s national currency. In addition to this, there were other factors such as rising inflation, restrictions on the real estate market imposed by the government and the Chinese government’s ban on Bitcoin exchanges across the country. As there were fewer investment options available to Chinese investors, the logical conclusion was to invest money in gold in order to hedge risks.
The year of the dog 2018
The Chinese zodiac plays an important role in investment decisions made by gold investors in the country. 2018 is the year of the dog and there are lucky days like the 7th and 28th of every Chinese lunar month. Lucky numbers included combinations of the integers 3, 4 and 9. Lucky months were the 6th, 10th and 12th month of the Chinese lunar calendar. Studies found that people born in the year of the dog along with the gold element made them attractive to members of the opposite sex. According to Chinese astrology, the yellow metal has influences on people born in the year of the dog. When gold is worn by these people, it is said to make them firm in their convictions, with high principles, noble and charitable. Previous years of the dog since the 1970s were 1970, 1982, 1994 and 2006.
Year of the dog gold coin issues
The Australian Gold Lunar Series 2 – Year of the Dog coins are available in 1oz, 1/4 oz. and 1/10 oz. These are a great series of coins issued by the Perth Mint with 99.9% pure gold. The 2016 ‘Year of the Monkey’ gold 1oz. coins enjoyed immense popularity and are currently priced at £1,035. The Australian issue for 2018 also features a one-kilo coin made of 99.9% pure gold, the largest and heaviest coin in the series. The coins feature a portrait of Queen Elizabeth II on the obverse and a lovely Labrador retriever dog on the reverse. The coins were designed by Ing Ing Jong at the Perth Mint and are legal tender across Australia.
Discover the 10 rules to ensuring you always get the best price for your gold coins
Not to be left behind in the race to commemorate the ‘Year of the Dog’ from the Chinese Zodiac, the UK’s Royal Mint has also issued their design of the 1oz. gold bullion coin. The coins are VAT free for investors across Europe, as well as CGT (Capital Gains Tax) exempt in the UK. The Royal Mint has created a series called the Shengxiao Collection and this coin is the fifth lunar design to feature in that collection.
The Canadian Mint has also issued a limited edition gold coin to commemorate the Chinese Year of the Dog. The coins have a face value of 150 CAD, made with 18-carat gold and weighs 11.84g. The edition is limited to 1500 coins worldwide. It is the 9th coin in the lunar series issued by the Canadian Mint.
Call us to invest in Chinese Zodiac gold coins
Our team of experts at Physical Gold are always available to advise you on buying gold bullion. Call us on 020 7060 9992 or get in touch via email before investing in gold coins. We deal in collectible gold coins and may be able to procure specific gold coins for your collection. One of our advisors can guide you through the process of investing in gold and help you make an informed decision before you invest your hard-earned money.
Image Credit: Flickr