Comments on: Gold Ends Nearly Flat on Wednesday, Feb. 7

By: Dazed and Coinfused

Dazed and Coinfused — Thu, 08 Feb 2024 13:31:17 +0000

Oh my. Palladium under $1000. Guess the mint got their Thugman collectors to steal too many catalytic converters and have flooded the market with the metal. Crazy since electric production by US car manufacturers has all but halted and switched back to cranking out $60,000 base model trucks with several recall for minor things like using blinkers turns on high beams, air bags not working or doing random self tests, square wheels (kidding) but tires being ate up after only a couple thousand miles, bad tracking system, I mean, radio not working right, and inconsequential stuff such as steering wheels suddenly become unresponsive. Hybrid seems to be the way to go. At least that is where Toyota is going. Mazda isn’t even working on an electric vehicle.

By: Dazed and Coinfused

Dazed and Coinfused — Thu, 08 Feb 2024 13:23:35 +0000

In reply to Craig. Correction, they offer a 1/4 oz and 1 oz gold and a 1 oz silver. 1/4 oz was $555 I believe. The oz was just over $2200 and the silver coin all in with shipping and VAT (tax) was $43

By: Craig

Craig — Thu, 08 Feb 2024 12:26:29 +0000

In reply to Dazed and Coinfused. The Liberty & Britannia coin is priced for just $3020.00. What a deal. I'm getting a roll of 2023 ASE's delivered today that I paid $554 for. I'd rather buy another 5 rolls of silver ASE's than buy 1 of these highly inflated gold coins. I don't mind, and certainly expect to, pay a premium for any precious metal coins, as long as it's in the purview of reality. Somehow, I think Magic Mike is either working for, or influencing the mints pricing structure. He is the world's biggest coin collector after all. Out of curiosity, what is the Royal Mint selling the 1/10th oz gold coin for?

By: Dazed and Coinfused

Dazed and Coinfused — Thu, 08 Feb 2024 01:15:52 +0000

Guess we’ll see if Thursday is the magic day for sales update.

By: Dazed and Coinfused

Dazed and Coinfused — Thu, 08 Feb 2024 01:14:28 +0000

In reply to Craig. Went to royal mint to sign up for reminder. Ended up snatching a xray recycled silver coin, limit 5000. And coronation coin, first year issue, 75th birthday coin for Chucky. They had other limited coins and not many sold out. Even a 2500 edition still a available. Robin hood coins and star wars looked cool. Bullion seemed nicely priced and you can get many coins already assayed and in mint package. 1/10 oz gold available. If the coin tomorrow is 3k I'll pass. I'll get kilo of silver or 26 count tunes. I don't mind spending slightly more when I get options and good service. And direct from source and not a counterfeit that magic mike may have missed.

By: Craig

Craig — Wed, 07 Feb 2024 23:25:29 +0000

I see the mints continuing with their strategy of making sure they get $1000 for every 1oz gold coin they sell. For me, that’s a strategy that = NO SALE! I don’t care how desirable the coin may be, and just to be clear this one ain’t that, I absolutely refuse to pay that type of premium to the rats running the mint. I buy things that I believe to be of value and have a better than average chance to appreciate over time. The mint is removing this option for the foreseeable future. That’s just the way I look at these items. I’m not criticising anyone who just has to have it, as that’s what makes all of us unique. But for me, I always have a better use for $1000 than giving it freely to the government.