Gold Edges Higher; Palladium Marks Sixth Gain


Silver inched lower on Wednesday while gold, platinum and palladium posted modest gains. Palladium’s increase was its sixth in a row.

Gold for February delivery edged up 80 cents, or 0.04%, to settle at $1,785.50 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the highest since gold ended at the same price on Nov. 29.

"Gold seems to be finding difficulty in achieving any momentum in either direction," and prices around the $1,780 level looked like a magnet" in Wednesday dealings, said Ross Norman, chief executive officer at Metals Daily, according to MarketWatch. "Being early December, markets are quite thin and it does follow that we get moves that are counter-intuitive and this relates to some book-squaring ahead of year end."

Gold futures ranged from a low of $1,780.10 to a high of $1,794.30. They rose 0.3% on Tuesday and they shed 0.3% on Monday.

Silver for March delivery declined 9.1 cents, or 0.4%, to settle at $22.432 an ounce. Silver futures traded between $22.30 and $22.58. They added 1.2% on Tuesday and they lost 1% on Monday, marking their lowest finish since Sept. 30.

In PGM futures on Wednesday:

  • January platinum gained $5.90, or 0.6%, to $955.90 an ounce, ranging from $942.70 and $961.10.

  • Palladium for March delivery added $5.40, or 0.3%, to $1,852.40 an ounce, trading between $1,832 and $1,875.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged Wednesday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Wednesday This Week October November December 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 18,500 135,500 125,500 20,500 1,095,000
$25 American Eagle 1/2 Oz Gold Coin 0 2,000 7,000 6,000 2,000 96,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 22,000 10,000 0 160,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 85,000 40,000 0 490,000
$50 American Buffalo 1 Oz Gold Coin 0 7,000 41,000 39,500 8,000 348,000
$1 American Eagle 1 Oz Silver Coin 0 0 1,076,000 1,523,500 0 28,275,000
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 75,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 8,700 0 8,700
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 52,900


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Kaiser Wilhelm

It just occurred to me that silver is the Rodney Dangerfield of precious metals; it just can’t get any respect.


Time to buy silver. There’s some good Type 2 2021 ASE in MS70 state. I already have my Type 1.

Kaiser Wilhelm

That’s the ticket, Antonio…buy low, sell high!

Imagine if silver cost the same as gold or palladium; coin collecting would likely end up being limited to the wealthy.


Silver is often called the “poor man’s gold”

Kaiser Wilhelm


As the “kings” approach a monopoly on the world’s supply of gold, the ranks of gentlemen, peasants and slaves begin to blur ever more.

Last edited 1 month ago by Kaiser Wilhelm

Sir Kaiser, you are a gentleman and a scholar.

Kaiser Wilhelm

You are far too kind, Rich, but I of course thank you.

Last edited 1 month ago by Kaiser Wilhelm