Why is the premium on Krugerrands a proportion?
It seems that Krugerrands are typically sold at a % premium above gold prices, but as gold prices rise this becomes a much bigger premium in dollars. Why wouldn’t the premium be in dollars, instead of a percentage?
(Also, does anyone know where to get historical data on Krugerrand prices?)
The short answer is that — that is just the way the industry works — in fact, most of the financial industry and all of the sales industry works on a commission as a % of sales. Only those who advertise no commission, flat rate, or flat fee operate differently.
You should be able to get historical prices from a google search.
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