Precious Metals Rise Thursday, March 3

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Precious metals advanced Thursday. Platinum logged a solid increase while palladium surged. Gains for gold and silver were more modest.

Gold for April delivery settled up $13.60, or 0.7%, to $1,935.90 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices are moderately higher in midday U.S. trading Thursday, on continued safe-haven demand as risk appetite remains squelched by the Russia-Ukraine geopolitical situation," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

"Risk aversion remains elevated amid the Russia-Ukraine war that has intensified. Crude oil and grain prices are soaring and that’s also stoking inflation fears."

Gold futures traded between $1,923.10 and $1,941.40. They shed 1.1% on Wednesday, they jumped 2.3% on Tuesday, for their highest settlement since Jan. 5, 2021, and they rose 0.7% on Monday.

Silver for May delivery edged up 2.2 cents, or 0.09%, to settle at $25.212 an ounce. Silver futures ranged from $25.07 to $25.67. They lost 1.4% on Wednesday, they soared 4.8% on Tuesday, for their best close since Aug. 3, and they climbed 1.5% on Monday.

In other precious metals futures prices on Thursday:

  • April platinum added $12.80, or 1.2%, to $1,080.80 an ounce, trading between $1,069.70 and $1,095.50.

  • Palladium for June delivery added $65.90, or 2.5%, to $2,730.80 an ounce, ranging from $2,619 to $2,786.

US Mint Bullion Sales in 2022

Published U.S. Mint bullion sales increased for Thursday by 8,500 ounces in American Gold Eagles, by 5,000 ounces in American Gold Buffalos, and by 4,700 ounces in American Platinum Eagles.

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)
Thursday / March Last Week This Week January February 2022 Sales
$50 American Eagle 1 Oz Gold Coin 8,500 35,500 27,500 123,500 86,000 218,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 45,000 0 45,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 64,000 4,000 68,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 0 195,000 25,000 220,000
$50 American Buffalo 1 Oz Gold Coin 5,000 10,000 11,500 61,500 28,500* 95,000
$1 American Eagle 1 Oz Silver Coin 0 519,500 0 5,001,000 1,500,000 6,501,000
$100 American Eagle 1 Oz Platinum Coin 4,700 25,800 4,700 N/A 25,800 30,500
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 0

*The U.S. Mint on March 3 published adjusted February American Gold Buffalo sales. Their total moved up 2,000 ounces to 28,500 ounces.

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SENZA

It’s now Nuclear – Last chance for Gold and Silver to shine or the final demise

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SENZA

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SENZA

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SENZA

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SENZA

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Rich

SENZA, have you been playing Duke Nukem lately?

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SENZA

Rich,

Only in 3D

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SENZA

Kaleefornia now Commifornia I believe

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SENZA

Those Government businesses can’t fail just ask any owner of a liquor store or strip club in fact most of them were deemed essential businesses – US Government taking care of it’s Comrades or Commirades. They probably serve Butt nuggets fresh from the Colonel

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Rich

Calamity Jane and Typhoid Mary!

SENZA

He does look Insane – however he did say he was just following the orders of the “Committee” I heard some chatter – Ukraine Sniper Eliminates Top Putin General

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SENZA

Refugees fleeing Ukraine represent the largest mass population movement in Europe since WWII

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SENZA

It’s terrible and disgraceful – I’m glad to see so many young people leaving the military after being sabotaged by sleepy murdering Joe in Afghanistan…..

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SENZA

Yes Sir Kaiser,

Desert Farce started it all – Kill human beings for Oil starting with the original GB POS

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SENZA

And some more modern but memorable https://www.youtube.com/watch?v=uAE6Il6OTcs

Last edited 2 months ago by SENZA
SENZA

That was a border-war most people probably don’t even know about that one – wasn’t our response Susan B Anthony Coin 🙁

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SENZA
SENZA
SENZA

War is Hell Kaiser,

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SENZA

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SENZA

That was my conveyance

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Rich

Here is Albert Einstein’s speculation: “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones“.

SENZA

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SENZA

I’m actually building a new computer and it’s been slow, painful and costly but the real disaster was the Crytpo Mining it did a 1000 times more damage than the Plandemic and Fake Scarcity

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SENZA

The Code is Red sleep is forbidden

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Antonio

Gold and silver prices keep rising. My precious, my precious. I’m glad I bought while the values were lower.

Rich

Antonio, always Buy Low!

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Rich

As in Doobie Brothers – Cotton Mouth inspired terminology…

SENZA

Rich and Kaiser,

I have only one suggestion TURN THIS S… UP LOUD https://www.youtube.com/watch?v=CHmJlGeYkGY

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SENZA

It’s not the same as the Plandemic – I was getting $349.00 per 1 ounce Bar of PAMP Fortuna now everyone is broke – no Stimies and no Unemployment Plus States are coming back on people and asking them to repay the Unemployment – So many people think when a Government starts Civil War it has to be with a gunshot but it’s robbery and taxation this time.

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Rich

SENZA, were those 1 ounce bars of Osmium?

SENZA

As sparkling as the OZ is, no and it wasn’t a brick of Red hashish either just one beautiful ounce of .999999999999999999999999 PAMP and that amazing Coin Lady

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Last edited 2 months ago by SENZA
Rich

Little Debbie Has A Snack For You

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SENZA

This is what I’m seeing and her name is Debbie it may all appear different in the morning

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Rich

Not to worry, Sir Kaiser, I don’t know either.