China Newbie

[JJM]

Howdy. I currently live in China (plan on moving back to the States in a year or so) and am interested in getting involved in coin collecting and stacking.  I've recently been watching a lot of Youtube videos but believe that I might be in over my head, especially here where counterfeits might be common, and don't want a hobby that will be a frustrating and losing adventure.Which brings me to ask a few questions- If I purchase Silver of Gold Pandas at places that seem more reputable, thereby paying more than if they were purchased at some markets, would these likely continue to increase in value? I heard the older ones (prior 2008ish?) are more rare, but do not know how respected the coins are. Also, silver and gold seem to be a little higher right now than in recent years,  if there is a dip/correction, will coin prices decrease? I have a myriad of questions but don't want to exhaust the forum and know that I might not even be asking the right questions...If there are any resources you could point me to, or general counsel you could provide, I'd appreciate it. 

Thanks,

JJM

[ChrisSilver]

Hello and welcome to The Silver Forum  

I’ve moved this to the welcome new members section as I felt it was more of a welcome topic. If you find that your questions are not answered here please do ask specific questions in the silver section regarding the pandas.

Recent pandas have a high mintage but are still very much collected. They may increase in value but their price is also closely linked to the underlying silver price.

[trp]

Hello and welcome to the forum  

[Agpanda]

Hi and welcome from Sweden

[5huggy]

Welcome aboard TSF - best place to be, for knowledge , advice and fun in the PM world  

[UncommonSeal]

Hello and welcome! I am fairly new here too, but I live in HK. Assuming you live on the Mainland, you need to check carefully how much gold (especially) you will be allowed to take with you when you go back to the US (I believe only 50g per person per exit) - as you probably know PRC worries about capital flight and has stringent FOREX regulations, and that affects gold too. Maybe Pandas are treated a bit more leniently, as they are designed mostly for export in any case. In general you might consider whether you prefer to start stacking by ordering online to the USA, or (if we are talking about larger amounts of gold) by opening an account with one of the HK brokers who physically allocate gold so you can stop by and pick it up when heading back.

Happy stacking in any case!

[5huggy]

@UncommonSeal

Welcome aboard TSF - best place to be, for knowledge , advice and fun in the PM world  

[MickD]

Hi and welcome.

[GrahamDiamond]

Welcome to the Silver Forum Coinster

[JJM]

7 hours ago, UncommonSeal said:

u need to check carefully how much gold (especially) you will be allowed to take with you when you go back to the US (I believe only 50g per person per exit)

Thanks for the welcome All. 

UncommonSeal- Yes, I had considered that. I too heard 50g is the limit without declaring but with coins there is supposed to be more flexibility, one of the reasons I am considering the coins. In my experience, finding out exact information has inevitably proved difficult at times here, so I think maybe trying to stick around that 50g would be all that I'd risk.

[CadmiumGreen]

Welcome aboard The Silver Forum!

[UncommonSeal]

7 hours ago, JJM said:

Thanks for the welcome All. 

UncommonSeal- Yes, I had considered that. I too heard 50g is the limit without declaring but with coins there is supposed to be more flexibility, one of the reasons I am considering the coins. In my experience, finding out exact information has inevitably proved difficult at times here, so I think maybe trying to stick around that 50g would be all that I'd risk.

Good stuff mate. If you ever find yourself in HK give me a shout