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	<title>
	Comments on: Gold Posts 2.3% Weekly Loss; Silver Marks Nearly 14-Month Low	</title>
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	<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/</link>
	<description>CoinNews delivers the latest World and US coin news</description>
	<lastBuildDate>Thu, 23 Sep 2021 06:04:30 +0000</lastBuildDate>
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		<title>
		By: Rich		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498594</link>

		<dc:creator><![CDATA[Rich]]></dc:creator>
		<pubDate>Thu, 23 Sep 2021 06:04:30 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498594</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498588&quot;&gt;Rich&lt;/a&gt;.

Sir Kaiser, you&#039;re killing me. Thanks for the chuckles.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498588">Rich</a>.</p>
<p>Sir Kaiser, you&#8217;re killing me. Thanks for the chuckles.</p>
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		<title>
		By: Rich		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498588</link>

		<dc:creator><![CDATA[Rich]]></dc:creator>
		<pubDate>Thu, 23 Sep 2021 03:39:23 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498588</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498394&quot;&gt;Phil&lt;/a&gt;.

Sir Kaiser, I am also still waiting for all my Precious. Outside of my enrollments which have been received, I am so backed up with so many ASE Type 2 orders, and not to mention all six of the Morgan/Peace Silver Dollars, that it&#039;s hard to see straight. The Mint tried to release to many of these offerings over too short a time period that they clogged up the fulfillment/shipping lanes and just can&#039;t deliver the goods in a timely manner. Oh, and I&#039;m sure they will blame it on da Rona.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498394">Phil</a>.</p>
<p>Sir Kaiser, I am also still waiting for all my Precious. Outside of my enrollments which have been received, I am so backed up with so many ASE Type 2 orders, and not to mention all six of the Morgan/Peace Silver Dollars, that it&#8217;s hard to see straight. The Mint tried to release to many of these offerings over too short a time period that they clogged up the fulfillment/shipping lanes and just can&#8217;t deliver the goods in a timely manner. Oh, and I&#8217;m sure they will blame it on da Rona.</p>
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		<title>
		By: Rich		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498433</link>

		<dc:creator><![CDATA[Rich]]></dc:creator>
		<pubDate>Tue, 21 Sep 2021 00:47:16 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498433</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498407&quot;&gt;Mammoth&lt;/a&gt;.

Right on the money, Sir Kaiser. That&#039;s why gold and silver have always been valuable - because they are a store of value.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498407">Mammoth</a>.</p>
<p>Right on the money, Sir Kaiser. That&#8217;s why gold and silver have always been valuable &#8211; because they are a store of value.</p>
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		<title>
		By: Mammoth		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498407</link>

		<dc:creator><![CDATA[Mammoth]]></dc:creator>
		<pubDate>Mon, 20 Sep 2021 14:21:30 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498407</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498395&quot;&gt;Rich&lt;/a&gt;.

In addition to non-transitory price inflation for shiny metal objects, for those of us who also purchase other things such as food, clothing, and other consumables, we are seeing prices moving in only one direction - and it isn&#039;t down.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498395">Rich</a>.</p>
<p>In addition to non-transitory price inflation for shiny metal objects, for those of us who also purchase other things such as food, clothing, and other consumables, we are seeing prices moving in only one direction &#8211; and it isn&#8217;t down.</p>
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		<title>
		By: Rich		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498395</link>

		<dc:creator><![CDATA[Rich]]></dc:creator>
		<pubDate>Mon, 20 Sep 2021 05:00:13 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498395</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498387&quot;&gt;Rich&lt;/a&gt;.

Well Sir Kaiser, please excuse the confusion caused. After doing a little digging I found that the term transitory was inappropriate to use for our purposes. Price inflation is more like a steady march with a few jumps along the way. Looking at an example of the $1 Proof American Silver Eagles for purchase directly from the Mint, here are the original prices going back 16 years:
2021 = $73.00
2020 = $73.00
2019 = $55.95
2018 = $55.95
2017 = $53.95
2016 = $53.95
2015 = $48.95
2014 = $52.95
2013 = $62.95
2012 = $59.95
2011 = $59.95 (June 30) and = $68.45 (August 29)*
2010 = $45.95
2009 = not minted
2008 = $31.95
2007 = $29.95
2006 = $27.95
Compare these US Mint prices to the historical annual average silver prices. Here is the average closing price 
of silver over the same time period:
2021 = $25.94**
2020 = $20.69
2019 = $16.22
2018 = $15.71
2017 = $17.07
2016 = $17.17
2015 = $15.66
2014 = $19.07
2013 = $23.79
2012 = $31.15
2011 = $35.12
2010 = $20.19
2009 = $14.67
2008 = $14.99
2007 = $13.38
2006 = $11.55
2005 = $7.31
*: The 2011 Proof ASE was launched on June 30 at $59.95 but was increased in price to $68.45 on August 29, following silver&#039;s rise to over $42 an ounce on August 19, 2011.
**: The current price of silver as of September 17, 2021 is &lt;strong&gt;$22.34&lt;/strong&gt; per ounce.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498387">Rich</a>.</p>
<p>Well Sir Kaiser, please excuse the confusion caused. After doing a little digging I found that the term transitory was inappropriate to use for our purposes. Price inflation is more like a steady march with a few jumps along the way. Looking at an example of the $1 Proof American Silver Eagles for purchase directly from the Mint, here are the original prices going back 16 years:<br />
2021 = $73.00<br />
2020 = $73.00<br />
2019 = $55.95<br />
2018 = $55.95<br />
2017 = $53.95<br />
2016 = $53.95<br />
2015 = $48.95<br />
2014 = $52.95<br />
2013 = $62.95<br />
2012 = $59.95<br />
2011 = $59.95 (June 30) and = $68.45 (August 29)*<br />
2010 = $45.95<br />
2009 = not minted<br />
2008 = $31.95<br />
2007 = $29.95<br />
2006 = $27.95<br />
Compare these US Mint prices to the historical annual average silver prices. Here is the average closing price<br />
of silver over the same time period:<br />
2021 = $25.94**<br />
2020 = $20.69<br />
2019 = $16.22<br />
2018 = $15.71<br />
2017 = $17.07<br />
2016 = $17.17<br />
2015 = $15.66<br />
2014 = $19.07<br />
2013 = $23.79<br />
2012 = $31.15<br />
2011 = $35.12<br />
2010 = $20.19<br />
2009 = $14.67<br />
2008 = $14.99<br />
2007 = $13.38<br />
2006 = $11.55<br />
2005 = $7.31<br />
*: The 2011 Proof ASE was launched on June 30 at $59.95 but was increased in price to $68.45 on August 29, following silver&#8217;s rise to over $42 an ounce on August 19, 2011.<br />
**: The current price of silver as of September 17, 2021 is <strong>$22.34</strong> per ounce.</p>
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		<title>
		By: Phil		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498394</link>

		<dc:creator><![CDATA[Phil]]></dc:creator>
		<pubDate>Mon, 20 Sep 2021 03:20:28 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498394</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498380&quot;&gt;Daniel&lt;/a&gt;.

Kaiser,

Tranquilo. All in good x. I just got the initial ship message for my 3 T2 W ASEs. Granted, I can&#039;t speak to why you&#039;ve been charged for the reverse proof set &#038; have seen no progress, but these weren&#039;t subscriptions or whatever, right? I think we were all in the same boat?

I&#039;d like to tell ya I could trust my &#039;status&#039; on the site re any orders, but they are never right, in my experience anyway. I always have to wait for shipping info.

Has anyone been shipped the rev proof set? Maybe so. If that&#039;s the case, I apologize.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498380">Daniel</a>.</p>
<p>Kaiser,</p>
<p>Tranquilo. All in good x. I just got the initial ship message for my 3 T2 W ASEs. Granted, I can&#8217;t speak to why you&#8217;ve been charged for the reverse proof set &amp; have seen no progress, but these weren&#8217;t subscriptions or whatever, right? I think we were all in the same boat?</p>
<p>I&#8217;d like to tell ya I could trust my &#8216;status&#8217; on the site re any orders, but they are never right, in my experience anyway. I always have to wait for shipping info.</p>
<p>Has anyone been shipped the rev proof set? Maybe so. If that&#8217;s the case, I apologize.</p>
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		<title>
		By: Rich		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498387</link>

		<dc:creator><![CDATA[Rich]]></dc:creator>
		<pubDate>Sun, 19 Sep 2021 19:38:43 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498387</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498355&quot;&gt;Larry T&lt;/a&gt;.

But they said the price inflation is only transitory?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498355">Larry T</a>.</p>
<p>But they said the price inflation is only transitory?</p>
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		<title>
		By: Daniel		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498380</link>

		<dc:creator><![CDATA[Daniel]]></dc:creator>
		<pubDate>Sun, 19 Sep 2021 04:13:03 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498380</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498355&quot;&gt;Larry T&lt;/a&gt;.

That would be an interesting phone call to customer service.
”Good morning. It would seem I have been charged $5,055, yet my order clearly states $4,962.50”.
we know it would go no where]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498355">Larry T</a>.</p>
<p>That would be an interesting phone call to customer service.<br />
”Good morning. It would seem I have been charged $5,055, yet my order clearly states $4,962.50”.<br />
we know it would go no where</p>
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		<title>
		By: Larry T		</title>
		<link>https://www.coinnews.net/2021/09/17/gold-posts-2-3-weekly-loss-silver-marks-nearly-14-month-low/#comment-498355</link>

		<dc:creator><![CDATA[Larry T]]></dc:creator>
		<pubDate>Sat, 18 Sep 2021 12:19:45 +0000</pubDate>
		<guid isPermaLink="false">https://www.coinnews.net/?p=81701#comment-498355</guid>

					<description><![CDATA[They probably will, but it won&#039;t change the price we paid. They reduced the AGE set to $4962.50 from $5055 and even though my set didn&#039;t ship for 10 days after the price reduction, they still billed me for the original amount. On my order history page, it even showed the lower price for the set! I wouldn&#039;t hold my breath for a reduction in what we&#039;re billed...you&#039;ll only pass out!]]></description>
			<content:encoded><![CDATA[<p>They probably will, but it won&#8217;t change the price we paid. They reduced the AGE set to $4962.50 from $5055 and even though my set didn&#8217;t ship for 10 days after the price reduction, they still billed me for the original amount. On my order history page, it even showed the lower price for the set! I wouldn&#8217;t hold my breath for a reduction in what we&#8217;re billed&#8230;you&#8217;ll only pass out!</p>
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