Precious Metals Little Changed Tuesday, July 19

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Prices for precious metals changed little Tuesday, with modest gains registered by gold, platinum and palladium and a slight loss logged by silver.

Gold for August delivery edged up 50 cents, or 0.03%, to settle at $1,710.70 an ounce on the Comex division of the New York Mercantile Exchange.

A big drop in the U.S. dollar index this week is limiting selling interest in the precious metals. However, rising U.S. Treasury bond yields this week and a wobbly crude oil market are squelching the bulls. A lack of fresh, markets-moving economic or geopolitical news in mid-summer has metals traders languishing and looking more at the outside markets for direction," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,702.60 and $1,716.50. They rose 0.4% on Monday.

Silver for September delivery shed 12.7 cents, or 0.7%, to settle at $18.713 an ounce. Silver futures ranged from $18.51 to $18.85. They moved up 1.3% on Monday.

In other precious metals prices Tuesday:

  • October platinum added $2.90, or 0.3%, to $858.90 an ounce, trading between $842.60 and $872.30.

  • Palladium for September delivery added $5.10, or 0.3%, to $1,854.20 an ounce, ranging from $1,838.50 to $1,887.50.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales were unchanged on Tuesday. 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)
Tuesday / This Week Last Week May June July 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 18,000 164,500 31,000 33,000 659,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 7,000 6,000 3,000 69,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 8,000 18,000 2,000 130,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 50,000 135,000 5,000 510,000
$50 American Buffalo 1 Oz Gold Coin 0 14,000 56,000 21,500 23,000 282,500
$1 American Eagle 1 Oz Silver Coin 0 425,000 1,350,000 925,000 425,000 11,131,500
$100 American Eagle 1 Oz Platinum Coin 0 1,000 0 23,500 15,000 78,500
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Antonio

Little change today. Still looking at my gold and silver and it looks the same to me.

SENZA

If you have a million ounces you did well today and if you don’t you still did well; Congrats First-On-Thread

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Antonio

Is 16 ounces of gold good for a start?

SENZA

Your a God of Gold Antonio, are you part Egyptian

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Antonio

No, just like 1/10 oz. gold Pandas and I have other gold, like Sovereigns and a few others. I figure it’s about 16 ounces when they’re all added up. More for retirement.

SENZA

Right On! I had a lot of these 2 gram Lions and PAMP 2.5 gram Gold Bars but in 2020 I started selling those – more than double what I paid for them.

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Antonio

If you bought it before 2009, it was affordable. Now it’s not so much so. Also, the weights have changed and the Pandas, for my part, I believe are no longer produced in the 1/10 category, but I could be wrong. Other gold, I’ve also slowed down on purchasing due to the cost. Why I’ve focused on silver. Not that silver offers the return gold does, obviously.

Rich

Antonio, starting in 2016, Gold and Silver Chinese Pandas switched to metric sizes. The 1 troy ounce (31.1 grams) coin was reduced to 30 grams. So the new coin sizes/weights are: 1 ounce became 30 grams, 1/2 ounce became 15 grams, 1/4 ounce became 8 grams, 1/10 ounce became 3 grams, and 1/20 ounce became 1 gram. All the new metric size denominations give you less metal compared to the older troy ounce size denominations except the 8 gram coin which equals 0.257 troy ounce, which is a little more than 1/4 troy ounce (Four 8 gram coins = 32.0… Read more »

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Antonio

Thank you Rich and SENZA. That clears that up! Still cost more than what I’m accustomed to pay for them, the reason I stopped buying them. They’re just not worth it for my money.

SENZA

That little thing called SPOT =”The House (dealers) always Wins” and we always lose – we have to start seeing this for what it is and psychologically realize we are being fleeced.

The Dealers are masters of FOMO

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SENZA

NO MO FOMO

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SENZA

On that note take a look sometime at the difference in price between the a 1 gram gold bar and a 2 gram or 2.5 gram and see why it pays to NOT buy the 1 gram bars.

Antonio

Your admirable.

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SENZA

I have the same but I do have some Gold jewelry

Last edited 20 days ago by SENZA
SENZA

.

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Rich

Great balls of fire!

SENZA

Hey Bro,

It’s all good until you marry your cousin then it’s Fire https://www.youtube.com/watch?v=ZD8YPY8RBQc

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SENZA

I think your doing just fine

I did say Gold

If she won’t do it then her sister will

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Last edited 19 days ago by SENZA
Rich

She is a (.9999) fine gold digger. BTW, is her poor sister silver?

SENZA
SENZA

Looks like the RCM is using Fugly boxes just like the US Mint

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Antonio

But it’s a silver penny.

SENZA

A whole Ounce

Antonio

But it’s Royal.

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SENZA

It looks like they finally gave her that face-lift she was in need of

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SENZA

And it’s “Royal”

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SENZA

Good Point and……it’s “Royal”

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SENZA

US Mint has has posted: American Eagle 2022 One Ounce Silver Proof Coin (S)
Item Number: 22EM
Mintage Limit: None
Product Limit: 200,000
Household Order Limit: 3

It looks like 3 is Ventris’ favorite number –

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Last edited 20 days ago by SENZA
Antonio

I only need one to make my collection for this year complete.

SENZA

Same here no money in flipping these – people are selling them at a loss on feebay – go figure – can’t compete with stupid

Larry

You are a smart man, Senza. Stupid is raging like a wildfire in todays society.Just watch some of our elected congress members.

SENZA

I read somewhere – that this summer alone, the increase in fuel prices negated the benefits of the electric vehicle since it’s inception – including our wallets but they didn’t have to tell us that part.

It’s at the point where we have to blame ourselves and wonder if we all should have been at the Jan6 event NOT FOR TRUMP but to save ourselves from these dirt bag politicians. Ukraine wants it’s debt forgiven now……………………………………..

Rich

Right on, Larry!

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SENZA

You guys are all Pure Genius https://www.youtube.com/watch?v=09RnYVGThng

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Rich

“True dat”

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SENZA

Jesus!

Yes there is a new Jesus collection

There is Rhodium and 1/2 ounce as well as silver and antiqued silver

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Last edited 20 days ago by SENZA
Major D

but where’s his 2nd amendment appurtenance and dinosaur?

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Last edited 19 days ago by Major D
SENZA

I got my shipping notice for the US Marines Silver Medal at noon today – so it should actually ship on Monday

That Dinosaur looks happy

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SENZA

Space Farce – must be an NFT

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Rich

Space Balls! Eyes without a face…

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SENZA

Pole Dance Classic – I don’t remember a single face https://www.youtube.com/watch?v=9OFpfTd0EIs

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Last edited 19 days ago by SENZA
SENZA

If the US Mint could get a little bit more creative I’m sure it would Spark more interest in Silver

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