Dragon gold coin and Dragon gold bar

Dragon year has not officially started, and yet many people are soaking up Dragon gold coin and Dragon gold bar.

The mints and goldsmith shops are banking on the popularity of such auspicious items.

Since Dragon year comes only once in every 12 years, a collector has to wait 12 years to get new designs of Dragon gold coin and Dragon gold bar.

Most people like gold, and some people believe that having a dragon item is auspicious.

That makes the popularity of such items.

To be honest, the design of Dragon gold bar does look very appealing.

Only the price is not appealing.

You can expect to pay slightly higher than the usual premium over spot for a normal gold bar.

Some goldsmith shops customize the Dragon gold bar, and the designs are all very unique.

If you are thinking of getting such items, you better think twice.

It is easy to buy, and easy to sell.  However, it is not easy to sell at a premium.

If you want to sell, you are likely getting the spot rate, and lose out on the 20% or 30% premium over spot.

It does not make sense from an investment perspective.

If you are a long term collector with cash to spare, you can buy for the sake of collecting all possible versions of Dragon gold coin and bar.

Many merchants bank on the popularity of the Dragon gold coin and bullion bar as well.

They are offering such items as prize in their lucky draw.

For example, Singapore Press Holding and Pepsi in Singapore are enticing customers through the possibility of winning 10 oz gold bars.

The appeal of winning a gold bar is stronger than the appeal of winning cash.

After all, everyone knows that gold has the potential to appreciate, but cash devalues if you put it in the bank.

Given the price of gold today, the value of a single 10 oz gold bullion is quite substantial.  If you are lucky, you can win such attractive price simply by buying a few cans of Pepsi, and take the trouble to complete the lucky draw form, and send with required proof of purchase.

The likelihood of winning is there.  You can potentially spend just $10 to win 10 oz gold bar with a market price of more than $20,000.

Silver bars do not enjoy such popularity.

Even if you happen to have a Dragon silver coin, it does not mean much.

People will think that you are not rich enough.  If you are rich enough, surely you will get a Dragon gold bar instead of a Dragon silver bar.

That is true from the perspective of superstition.

From the investment point of view, silver has better potential for investment return.