Price Of Gold Vs. Price Of Thai Gold Coins

[Puccini]

From this article in the Nation:

...six coins made of Nordic gold, 25 to 28 millimetres in diameter and weighing 9.6 grams each...They cost Bt990 each...

1 troy ounce (oz.) of gold = 31.1034768 grams

Source: http://en.wikipedia.org/wiki/Troy_ounce

1 oz. of gold cost USD 1,345.56 on 2010-10-12 18:22 New York Time

Source: http://www.goldprice.org/

9.6 grams of gold cost USD 415.30

USD 1.00 = THB 29.86

Source: http://baht.thaivisa.com/

9.6 grams of god cost THB 12,400.86

1 Thai gold coin weighing 9.6 grams costs THB 990.00

What am I missing?

Edited October 12, 2010 by Puccini

[flying]

What am I missing?

Your missing the fact it is Nordic Gold

Should also be called fools gold as it contains none.

(edit: not calling you a fool...They have a thing called fools gold or Pyrite )

http://en.wikipedia.org/wiki/Nordic_gold

Nordic gold is the alloy from which the middle three denominations of euro coins, 50 cent, 20 cent, and 10 cent coins are made. It has also been in use for a number of years in other countries, most notably in the Swedish 10-krona coin (hence the Swedish name: nordiskt guld).[1] Its composition is 89% copper, 5% aluminium, 5% zinc, and 1% tin.

It contains no gold and its colour and weight are quite unlike pure gold. It is considered as a brass alloy because of its high copper and zinc components. Its advantages include antimicrobial action, non-allergenic, and its resistance to tarnishing. The alloy and its tradename are the intellectual property of the global metals and manufacturing group, Luvata.

Edited October 12, 2010 by flying

[Naam]

"Collectible medals from Helsinki"

[Puccini]

Your missing the fact it is Nordic Gold...

Thank you for your explanation. I thought it was gold mined in a Nordic country, ie Scandinavia.