Glad to see price hovering aroun $18 and update from HK
Glad to see price consolidating around $18 as the run in Dec should settle in. HK continues to grow nicely, but I couldn't get any specifics this time around. You may recall I was told that monthly growth in HK was running at 30-40% month over month, which I wouldn't doubt. From what little I was told (nothing at all specific) I still feel that growth is solid here in HK.
Given increased presence in China (which is what I think has driven us to $18 and will take us higher still) I don't see how growth both in HK and Shanghai could be anything short of meteoric. I think we see $20 within 2 months, and will stay around those levels for some time, a push to $30 shouldn't be difficult in 18 months time with growth here in HK and China adding to the bottom line in the near future. As far as I can see, CLCT has a monopoly here and folks in China collect (and spend) unlike any demographic I've ever seen. Sit tight boys.
thanks for the update. Here's some PCGS China news:
PCGS JUST GRADED AN HISTORICAL MODERN COMMEMORATIVE CHINESE COIN FOR ROYALEX IN MACAU: THE FIRST EVER 2-KILO GOLD 2014 THE YEAR OF HORSE COIN ISSUED BY THE CHINESE CGCI.
(Hong Kong) PCGS the world’s leader in third-party coin authentication and grading, just announced that it graded the first ever 2 kilo gold Chinese commemorative coin “The Year of Horse” issued by China Gold Coin Incorporation (CGCI), the official distributor of precious metal coins for the People’s Bank of China. It is indeed the first time CGCI includes a 2 kilo gold coin in its Lunar Series since it was launched in 1999. This beautiful coin was graded PCGS PR69DCAM under the PCGS Secure service and the label features the owner’s pedigree “Collection Royalex Macau”.
The first 2 kilo gold “The Year of Horse” coin by CGCI, graded PCGS PR69DCAM and featured the owner’s pedigree “Collection Royalex Macau”.
‘The market shows a strong demand for Chinese commemorative coins, especially the Lunar Series. 2-kilo gold coins are gaining popularity in the market and this one will even more so at it is the first issue for such a prestigious and sougth-after Lunar series. At Royalex, we see it “The Star” of this quarter and we are going to display it at the Royalex Tower throughout the Chinese New Year holidays,’ Mr. Roy Long, The Founder and CEO of Royalex Group said.
‘We are honored that Royalex entrusted PCGS with the grading of such historical first ever 2 kilo gold Lunar Chinese coin. Macau is a very important upcoming market for modern commemorative coins given the traffic that this island generates from all around Asia and China and new investments coming in. Royalex within a few years has positioned itself as the major high-end coin provider tapping as well on the local numismatic history. PCGS is proud to rally with such a visionary dealer there,’ Muriel Eymery, PCGS Vice President of International Business Development