Where and how to buy Centenario to take advantage of the gold drop? This is step by step – El Financiero

Do you want to buy Centennial? Friday the 23rd of September can be a good day. The price of gold fell In today’s session more than one percent and At its lowest level since April 2020.

The price of gold collapsed, Friday, after the announcement of the Federal Reserve of the United States, raising the interest rate by 75 points.

half a day andAnd the spot gold price fell 1.48 percent To settle at $1,656.15 an ounce, US gold futures fell 0.5% to $1,672.10.

gold price It’s down about 20 percent since it topped $2,000 for an ounce last March.

Continuing high US yields pressure on gold prices. Unless yields suddenly start dropping and the dollar starts to weaken, we probably won’t see a huge rally in gold prices,” said Michael Hewson, chief market analyst at CMC Markets.

The Fed began raising interest rates in March. Gold has basically trended lower since then, and if the Fed continues to rise, gold will continue to fall.”

Where and how to buy Centenario?

Until 2:00 PM this Friday, The centenary is listed at 41800 pesos on sale and 21,800 pesos to buy, according to Panamex.

If you want to buy a Centenario, you have different options for doing so.

The Mexican mint is one of the alternatives to buying centenary. According to their website, these are the requirements they will ask of you.

  • Payment can only be made by wire transfer (SPEI).
  • Cash or check deposits are not accepted.
  • Maximum purchase amount is 50,000 Mexican pesos plus shipping costs.
  • Payment must be made by wire transfer, on the same day the quotation was requested, no later than 2:00 PM.

Also, you should know that Centennial sale at Casa de Moneda de México from 9:30 a.m. to 2:00 p.m. And that the price may have a daily change due to the international price of metals.

If you purchased Centenario at Casa de Moneda, delivery will start after payment is confirmed. “Home delivery will be from 3 to 10 working days only within the Republic of Mexico, or delivery (OCURRE) in stores in San Luis Potosi in Plaza Citadela and in Mexico City, in Paseo de la Reforma 295″, indicates the website.

If you need more information about quotations and payment methods, you can send an email to rsantos@cmm.gob.mx and/or contact a sales consultant at: (+444) 834-60-00 ext: 3905; 6033 and/or 6039 Monday through Friday 9:30 AM to 8:00 PM.

Do Banks Sell Centenarios?

Bank of Mexico Follow Favorite It has a network of distributors That meets the demand for Mexican coins of precious metals both abroad and in the local market.

In Mexico, coins are distributed mainly through banks. This is a list of national distributors Number of Banxico Gold Coins:

  • Azteca Bank
  • my panorty
  • Banregio
  • BBVA
  • Cibanco, SA
  • Mexican mint
  • MIDE Interactive Museum of Economics
  • Environmental Solutions in Metals, SA de CV
  • Briggs SA DE CV . coins

Centenary Purchase Requirements They depend on both distributors. For example, the BBVA asks:

  • The interested person must go to the BBVA branch with a valid official ID. The credentials can be INE or IFE
  • If the purchase was made at a cost from a BBVA account, you must present your debit card
  • If you are not a BBVA customer, the amount of coins sold is the equivalent of $3,000 and payment must be in cash.

The BBVA website notes that “the price of currencies is determined taking into account the international price of gold and silver, as well as the peso/US dollar exchange rate.”

What does a centenary consist of?

Through its website, the Bank of Mexico (Banxico) indicates that This piece was minted in 1921 As the current coin to commemorate the centenary of Mexico’s independence.

In 1931 its minting was suspended and it was not minted again until 1943 due to the increasing demand for gold coins that existed at the time.

every hundred years It appears on one obverse of the national coat of arms used in the past, while The opposite symbolizes a winged victoryrepresented by the Monument to the Angel of Independence, along with the backdrop of the legendary volcanoes Iztaccíhuatl and Popocatépetl.

“This piece Contains 1.20565 ounces of pure gold And like all family centenary pieces, it has purity 0.900″Concludes.

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