Proposed designs for the U.S. Mint’s 2026 American Innovation dollar for Wisconsin highlight the Cray-1 Supercomputer, a groundbreaking achievement in computing history.
Seymour Cray, a native of Chippewa Falls, Wisconsin, spearheaded this revolution. He founded Cray Research, Inc., establishing its lab near his home, and introduced the Cray-1 in 1975.
"At its introduction, the Cray-1 Supercomputer was the pinnacle of supercomputing achievement, operating 10 times faster than competing machines of its era," the U.S. Mint’s design narrative states.
"By optimizing its components,
programming, and physical arrangement of its parts, the Cray-1 reigned as the world’s fastest computer from 1976 to 1982," the narrative added.
The U.S. Mint’s American Innovation $1 Coin Program honors pioneering achievements from all 50 states, the District of Columbia, and the five U.S. territories. Introduced in 2018, the series features four unique reverse designs each year, recognizing innovations or innovators that have shaped history.
Design Recommendations for Wisconsin Innovation Dollar
Six candidate designs for the Wisconsin Innovation dollar were presented by the U.S. Mint to the Citizens Coinage Advisory Committee (CCAC) on Feb. 18 and the Commission of Fine Arts (CFA) on Feb. 20.
Design WI-05, featuring a stylized aerial view of the Cray-1, emerged as the preferred choice, receiving support from the Office of the Governor of Wisconsin and recommendations from both advisory bodies. Inspired by typography associated with early supercomputers, the design not only captures the Cray-1’s distinctive shape but also subtly forms a "C" for both "Cray-1" and "computer."
All parties backed refinements to enhance historical accuracy, specifically adjusting the design to reflect the computer’s original configuration with an arc of twelve wedges. The CFA also suggested centering the computer geometrically on the coin – a point raised during the CCAC meeting. However, after noting that the original positioning had been carefully considered, further changes were set aside.
Ultimately, the Secretary of the Treasury will make the final design selection after reviewing recommendations from advisory panels and stakeholders.
Design Images and Design Descriptions
The U.S. Mint’s line art images and design descriptions for all the candidate designs follow.
WI-01B features "WISCONSIN" inscribed within an arrow, symbolizing the state’s motto, "Forward," and echoing the advancements brought about by the Cray-1. This design showcases a distinctive aerial view of the Cray-1. The additional inscription is "CRAY-1 SUPERCOMPUTER."
WI-02A showcases a stylized depiction of the Cray-1 against circuits on a memory board, emphasizing the data flow and connectivity that the Cray enabled. The pixelated lettering harkens back to the 8-bit computer style of early computer displays. The additional inscription is "CRAY-1 SUPERCOMPUTER."
WI-03A depicts an aerial view of the Cray-1. The additional inscription is "CRAY-1 SUPERCOMPUTER."
WI-05 and WI-05B exhibit a stylized aerial view of the Cray-1. The text across both designs is inspired by the typography associated with early supercomputers. WI-05 emphasizes the Cray not only through its shape, but also by suggesting the shape of a "C" for Cray-1 and "computer." The additional inscription is "CRAY-1 SUPERCOMPUTER."
WI-06B displays the Cray-1 encircled by binary code translating to "speed," a fitting description of the machine’s groundbreaking computing capabilities. The outer text resembles early computer printouts, while the binary code and inner text employ modern fonts, signifying the technological leap that the Cray-1 embodied and its lasting impact on technology today. The additional inscription is "CRAY-1 SUPERCOMPUTER."
WI-05 or WI-05B would be my choice. Great design. Cray is a subsidiary of HP and is headquartered in Seattle Washington. Cray-1 (nick named “Bubbles”) was the first supercomputer and now there is a Cray-2. I’d be curious how well it stacks up to an NVIDA Blackwell 200. I started collecting this series and later handed my set off to my nephew since I didn’t think I would be around in 2032 to see its completion. The reverse proofs are the most logical coins to collect in the series.
https://en.wikipedia.org/wiki/Cray
“I started collecting this series and later handed my set off to my nephew since I didn’t think I would be around in 2032 to see its completion.”
Say it ain’t so, Joe…
Stocks and metals are down this Friday morning. Today’s Happy Hour is shaping up to be Anesthesia Hour. I’m in a New York State of Mind.
As usual, the timing of yesterday’s gold purchase was a day early and a dollar more.
REB,
That’s Ok, your cost averaging on those sets since 1986 should keep you in Champagne and Caviar forever. For me, its baked beans, light beer, and county transit.
Cheers
True, E 1. Champagne is fine but caviar is … well … awful. Baked beans are alright but if beer isn’t fully loaded with alcohol, I spit it out. Same goes for IPAs. Those are more like IPN (“I Pee In”). Nasty tasting crap.
REEB, Yes, I am completely aware of that fully loaded beer. I miss it here in the states. Specifically, Heineken in Thailand and San Miguel in the Philippines. The higher the alcohol content, the better the beer tastes. However, if taste is important to you, allow me to recommend Ultra Gold. I always buy beer in a bottle and I always drink from a glass.
Cheers
Beer spelt backwards – oops.
“I always buy beer in a bottle and I always drink from a glass.”
Amen, my brother. Glass is the way to go. Cans belong in a trash can. I used to drink Michelob in my early twenties and thought it was tasty. Then I grew up.and discovered the dark and tan. Hit me with a Bass and a dirt-colored Guinness and I’m a happy camper.
I will try your recommendation. Who knows, maybe I’ll rediscover the glory of Mic.
I suspect Kaiser could set us straight with some swillable German lagers.
REB,
Just make sure it is the “Pure Gold.” The Organic One.
.
Michelob in the gold foil bottles was awesome, as was their Centennial brewed in 1996. E1 I respectfully disgaree the ultra is yucky, a mere shell of the prior Michelob. Akin to the Corona deluxe light, like drinking weasel urine, don’t ask….
JQC,
I don’t like the regular Michelob Ultra either – weasel wiz. But the “Ultra Gold Organic” in a bottle is so much different. Just like Organic Wines that taste much better and don’t give me a headache or a hangover.
I will try Organic, usually these light beers or ultra lites are TOO light or Uber carbonated. To,this day Coors banquet is my go to….. light beers not sure used to,like Budlight but gotten reallly pishy
REB and E 1,
I would love to be able to lend a hand in this regard, fellows, but since it’s been almost 60 years since I last lived over The Pond in Deutschland, close to 54 years since my last visit of any sort to the Old Country, and last but ultimately likely not least, 36 years, 5 months and 16 days (but who’s keeping track anyway 😉 ) since beer (or any of its alcohol-imbued relatives, for that matter) last crossed my palate, I’m afraid this particular sort of info has taken leave of my wheelhouse.
It’s all good and good for you, Sir Kaiser. My apologies for my stereotyping. It won’t happen again unless my alcohol-addled mind forgets.
P.S. – Truth be told, my consumption is much less than it used to be. I’ve never had a taste or desire for much beyond beer and wine. It must have been the result of a couple of bad evenings spent with bourbon and tequila … not together, mind you, but based on their separate results, they might as well could have been.
Reb, a few porcelain deposits lead to chants of “never gonna drink again…”. My max these daze 3 cervezas….. and 1oz Au on he side
I hear you loud & clear, JQC.
REB,
Not to worry one iota about any of that; I guarantee you that I took no offense whatsoever regarding anything you alluded to!
There was a time in Deutschland when I happily drank the best of the brews without any untoward results. Over the subsequent years and after a very long and rather rough stretch things no longer went nearly as well. When it became absolutely imperative to make a new start both the bottles and bongs had to go bye-bye.
News Flash: Ventris is resigning, she was asked to by Trumpmfor his own appointee to take over. I can see maybe hi. Picking MEZAK or such shystery character. No loss here, maybe a real coin person, I’d apply but being from Cali zero chance
GLD has again become overbought – 250-265 crucial area it needs to hold.
The chart is a beautiful sight.
How far will she go ? Only time will tell.
I haven’t bought any gold lately, but then, I’ve NEVER sold an ounce since I started buying it.
Back in the day I did buy some proofs. However, no mas!
I was reading earlier this week that foreign reserve banks are heavily accumulating Physical Gold as a means to back up their weakened currency. Specifically, China and India. The trend is expected to continue until mid-2025. After mid-2025, I will let you decide. But till then, I “Believe” the trend will be upward.
Cag, are you seeing anything in the tea leaves?
E 1,
You are correct in your assessment.
Today was an anomaly because it was triple witching.
Thanks Cag.
It’s hard to sell, lest you NEED the money. I was going to sell a couple 2015 HR but held off, made a hundred in a week. Easy coin to sell for me, AGE or Pre33 no, this one profitable @least. Physical silver may come in for a short squeeze based on the # of deliveries taken and coming up, Approaching a…. 100-1 ratio….WOW SHOULD A breakout above $3,1oo occur 3,300 is likely…
maybe. Or more
Should be a cow and cheese pizza
E1,
“I was thinking along these lines”
And now you have my attention my friend. That would grade at a Gem PR-5 in a competitors holder all day imo…
What is the future for this fine old coin?
Crack, Restoration, and an Album Build?
Or a comfortable retirement in the Cherry-wood Display Case?
Inquiring minds want to know….
Rick,
I’m still looking at that coin and another one in PR65. My current buy list is proof halves from 1936 to 1952. A cherry wood display case and CAC all the way. After that, then “I” will retire from numismatics. My timeline is 12 months on that project.
Cheers
“A cherry wood display case and CAC all the way.”
Now you’re talking, that’s a match made in heaven. It’s going to be the Bomb! We’re going to need updates all the way please. “Your” retirement from numismatics “ain’t” happening, not if I have anything to say about it!
It’s midnight here in Raleigh-Durham, NC(work trip), and I’m “retiring” for the night.
Until next time — Peace Out!
Ground Control to Major Rick,
One of my favorites from Bowie, another fav is “Fame”..
I’ll let that “Major” reference slide, but just this one time, lol
oops. No reference intended.
Ok Rick, per your special request…..”Fame”
Well that was a great live version there E1. A former #1 single, it never gets old!
Me and a few friends saw him live at a stadium concert(Mile High), in ’87, very fun.
“After that, then “I” will retire from numismatics.”
Say it ain’t so, E. You can’t give up. As Michael Corleone said in “Godfather 3” – “Just when I thought I was out, they pull me back in.”
Now I remember why I never got into Innovation Dollars.
Those advocating buying Pre ’33 Gold have been leading you down the Yellow Brick Road. Since the 2021-2022 period, investing in Pre ‘33 Gold has not been a favorable investment choice for Most people. I used to strongly recommend Pre ’33 Gold, but I stopped in 2021 and started advocating for GLD. The reason is simple: As the spot price of Gold Increases, the percentage premium for generic Gold coins Decreases. The average closing price for GLD January 4, 2021 – March 21, 2022, was $169.43. Yesterday, GLD closed at $278.49, marking a 64% Increase since the January 4, 2021… Read more »
Gold bullion vs Pre’33 a similar situation???
DaveSWFL,
During the specified period, United States Gold bullion would be a preferable investment compared to PCGS generic Gold coins pre-’33.
“During the specified period, United States Gold bullion would be a preferable investment compared to PCGS generic Gold coins pre-’33.“ Sounds similar to buying US gold bullion compared to US Mint proof gold eagles.
Big difference between generic Gold Pre ‘33 and Specific Type 2 AGE proofs.
Maybe Cag, but the premiums on say $20 Libs collapsed awhile. Ago. I bought some around $2000,sold some for $2,900 when Au hit $3k. Despite many LCS buying for $pot less 5%, pre 33 can still give a little profit. GLD pass personally I want to hold it, SLV I have and flip a lot. And you can sell AGE and pre 33 wOut a 1099 assuming <$10k. As for the $5 commems, modern all the same price even Jackie R bu and visitors center and Congressional library. USM gold ridiculous pricing and my expiration date will be here before… Read more »
Spot on JQ! Well said.
John Q. Coinage.
Continue looking through the rear view mirror…
You’ve admitted doing the same at times. I’d ad if you have no,clue about Pre33 AGE are better suited, but the premiums from the mint for Proofs or Ag as well, are ridiculous. Rear or front window. Rear window you used to have a shot at a profit buying fro the mint, I ALWAYS buy as an investor not a collector. Collectors are dwindling and items sell well <$10 and >$10,000, everything in between no so,easy. Clearly the #s shown dwindling sales except for the dog and pony sales like the FHG, regardless even w Ventris retiring the modern USM… Read more »
It certainly appears to me as though this year, like the last, has indeed become yet another popular year for no small number of us folks of this coin comment cadre of ours to retire from the years-long practice of making US Mint purchases regularly, or at least for most of what we used to order. I’m now down to acquiring (by way of subscription to avoid shipping charges) the annual Proof and Uncirculated Sets. Once I can no longer maintain any desire to acquire even those two “collecting survivors” that will be all she wrote and the fat lady… Read more »
With Basel III full implementation July 25 GLD or any paper gold may be a sporty product……best commentary I have seen on Basel III was a recent article on Scottsdale Mints web site. The price over spot for generic pre 33 graded double eagles is a reflection of the current retail market domestically….. cag is correct, best value currently for me is one oz AGE….but not purchasing at current spot levels…….where is that poster always opining that gold spot will fall to $2550?
SOP for most overproduction of products.Porgans to,pricey, as well as to Sanitary looking for classic collectors
Patriotic Mint has a section called cheaper than the mint. Some interesting items. The only draw back is the sales tax which makes it about the same as the mint.
On topic, whoa! LOL The chosen design by brings to mind a Nautilus Shell. I think it has to do with the convex shape, vs what I’d perceive to be the correct plane or shape. From the what I’ve seen(online),’that would be a perpendicular plane or flat? Had they been able to render the 12 sections mentioned, I’d have preferred the WI-02A rendering. The description for that 3D design states: “WI-02A showcases a stylized depiction of the Cray-1 against circuits on a memory board, emphasizing the data flow and connectivity that the Cray enabled. The pixelated lettering harkens back to… Read more »
Rick, how much longer are you in the Raleigh/Durham area for? I ask, as I’m currently living in North Raleigh, just North of New Hope near the 401(Louisburg Rd) and 540. Wonder if you might have time to possibly meet up? I’m new(6 weeks) to the area, however I’m looking for work and going to give NC a go! Just had my auto insurance changed from CO to NC. Now have to deal with Drivers License nightmare. Appointments if you can get one, are 3 months out and 70-100 miles away! Crazy! Anyhow, just thought it would be cool to… Read more »
Cali: I think you’ll like North Carolina. I got a master’s degree at UNC at Chapel Hill. I try to take in a game or two at the Dean Dome every season, though I didn’t make it this year (probably not a bad thing, given the quality of the team). The Research Triangle and Charlotte are the metro areas, and then there are the mountains to the west and the Outer Banks to the east. West Virginia skiing isn’t too far away. If I ever retire, I’d choose NC or Virginia. I loved life in both places. If you get… Read more »
Reb, I made the trek to Saxapahaw yesterday for the Annual Haw River Cleanup-A-Thon. I took out a canoe, free of charge, in exchange for picking up trash, from the Haw River Canoe and Kayak Company. Great, productive day. I hadn’t canoed in over 20+ years! Good exercise and it felt good to remove a lot of trash! A plethora of styrofoam, from cups to dime size or cd case size, a couple foot balls and couple tennis balls, aluminum cans, plastic bottles, pint alcohol bottles, lighters, cigarette filters, foam rubber, chip bags, etc. Every little bit removed helps IMO.… Read more »
CaliSkier – Environmentalist. Has a nice ring to it. Good work. It’s amazing what people toss into our waters. I suppose some of it could have washed in after flooding.
Cali, I’m working at the airport(RDU)and on the final push(me & my guys) for a smaller project, yet big hours… We’re here for a couple of more days and then we’re out! I’ll probably be back, perhaps we can visit then when the pressure isn’t so great on me… The weather was great here today, crisp in the morning and sunny and beautiful all day, my farmers tan is setting in. Spring bloom is here! The locals have some of that Southern friendliness going on (unlike CO). At any time, a complete stranger might say to you “Have a Blessed… Read more »
✔️
I’m fairly certain they picked the right design for this Wisconsin Cray-1 Innovation coin when they chose WI-05 and eliminated the others:
WI-01B – Road sign
WI-02A – Daleks (Exterminate!)
WI-03A – Casino Chip
WI-05B – Pilgrim’s collar
WI-06B – Geisha fan
lol.
Thanks, REB, for the kind response. At my age what with all the “depreciation” it has become all the more uplifting to be afforded signs of appreciation.
I wish the site had a “like” feature. I suppose “lol” will have to suffice.
Thanks again, REB, and most certainly yes, this site could use a “like” feature, especially because there is a lot to like here all the time.
Agreed or … well … Like.
🙂
Kaiser, amusingly accurate descriptions! LOL I wasn’t aware of Daleks, however after looking up and seeing what appeared to be a salt shaker image and then reading the Wikipedia entry, I’m up to speed. Too funny with the plunger and egg beater scanner and weapon. Haha Thanks…
I really glad you enjoyed those, CaliSkier, and I appreciate you relaying that to me; very uplifting indeed! Truth be told, I’m not always so quickly inspired with ideas as I was by those proposed coin images. In this instance for whatever reason the “alternative descriptions” just popped into my head one after the other, and with no mental drudgery at all involved. 🙂
Each and every year, I purchase American Gold Eagle Bullion coins as gifts.
However, 100 times out of 100 times I prefer GLD for Various investment reasons over United States Gold Bullion coins.
As of March 21, 2025, GLD’s net assets value (NAV) is $90.1 billion.
The cumulative revenue generated from United States Mint Gold Bullion sales over the past ten fiscal years amounts to $16.0 billion.
$90.1 billion (NAV) for GLD vs. $16.0 billion for 10 years of revenue from the United States Mint…
Once again, So what?
I say so what, you got a piece of paper not a piece of paper gold. Indeed ETF good to play but physical especially gold my choice. Bigger ain’t always better kids….and the bigger they are …..
Kinda like possession is 9/10 of the law?
If you don’t hold it, you don’t own it.
Paper investments rely on you trusting another party. It works great until it doesn’t.
DaveSWFL and John Q. Coinage,
The most unsettling part of this whole business is that there is simply no way of knowing how much if any physical gold in fact actually exists to back up all of these many paper transactions. Additionally, and this is apparently common practice among paper gold sellers, to how many different buyers the identical items of all that purported to exist physical gold have in fact simultaneously been allocated. Buyer beware.
that’s why we have things like regulations and audits to check on the veracity of the firms selling the gold-backed instruments (and of course all the other securities out there). most ETF (including GLD) utilize 3rd party custodianship of assets, and since in this case the assets are unique (serial-numbered bars) that have to be published each day per regulations, you can check all the outstanding gold-backed ETFs holdings to make sure there are no duplicates (double-backing) across firms. random custodial audits conducted at least annually will spot-check that the holdings are in fact what they say they are. and… Read more »
c_q, Many thanks for getting me up to speed in regard to providing me with at least a basic understanding of how purchasing and ownership of paper gold works. It does now appear to me that I might indeed have been more than a little paranoid regarding the possible insecurity of the non-physical “possession” of a precious metal. That being said, ever since the disclosure of the extremely shady shenanigans that had in fact taken place to contribute to bringing about what is now referred to as the Great Recession of 2008, I have taken to being far more skeptical… Read more »
OK this one is interesting, though I am surprised they did not figure out how to do cheese instead (have you ever noticed that a cray-1 kinda resembles a wheel of cheese cut into wedges?)
and just to keep things in perspective, your run-of-the-mill iphone today is about 5000x more powerful than a cray-1, for about 1/10000th the cost and a heck of a lot easier to move around at 1/30000th the weight.
Cheese was my choice, BEER AND PIZZA Milwaukee’s finest contributions. I was there a few years ago, funny story we shopped in a market they asked paper or plastic? We said both….they gave us one bag packed in paper and another in plastic….and your calculator is more powerful Jen I think the Apollo 11 computers……
That makes me wonder what would happen if you strapped on one of those jet packs synched to your iphone and pushed the start button. To the moon, Alice!
Note: The above gif is one of those that need to be clicked on to perform.
When I was a kid that intro scared the shit out me….Jackie moon yikes…
I hadn’t thought about it before, John Q. Coinage, but now that you mention it the lunar facial specter does seem a touch creepy.
There are pdf files reported every working day for all the physical Gold that backs up the GLD etf. Every working day. Attached is the one pdf file with Gold held by JPMorgan.
The attached JPMorgan pdf file is 1055 pages long.
the JPMorgan pdf reports:
Gold brand
Bar No.
Shape
Assay
Gross ounces
Fine ounces
Year
Vault
https://emea-markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/SPDR_GOLD_TRUST_JPM_BARLIST.pdf
it’s almost all in london bank vaults. yeah, sure some of it has been shipped to NY due to arbitrage and tariff fears, but the vast majority of it is still in london.
c_q,
It seems the British bankers have had to keep ramping up their gold shipments to the U.S. due to the increasingly voracious demand for the metal over here.
For tax purposes GLD is treated in the United States as a Grantor Trust.
As such, GLD is prohibited from loaning Gold that backs the GLD etf.
As of Friday, March 21, 2025, JPMorgan reported:
We confirm you the following items are allocated in the name of The Bank of New York Mellon for SPDR Gold Trust Unit of Weight : Troy Ounces = 26,859,894.904
Many thanks, cagcrisp, for your great series of extremely illuminating comments explaining the operation of the world of what I might call gold ownership at a distance; I do believe I have a much better understanding now of how much of this works. My first instinct is to always be wary of processes and functions I’m not at all familiar with, but now that you’ve laid out all that info so very clearly I no longer feel the need to be so automatically skeptical of this particular manner of investing in gold.
The above 26,859,894.904 is Total Fine Ounces.
Allocated…. ? interesting use of words. Leased, co-owned, shared….. all words…… your long term advocacy for GLD is impressive, you put your money where your mouth is. Talking up GLD is understandable. Some simply don’t trust the paper gold industry…. there has been some unreliable actors in that industry times past….your eloquent defense and sharing your actual experience is a good thing, but not for everyone….
HarryB,
“you put your money where your mouth is. Talking up GLD is understandable.”
I only have ~ $83k invested in GLD.
Others have $90 billion.
Of the S&P 500 only 113 stocks have a larger market cap than GLD.
cagcrisp,
Sometimes I’m almost sure that this is what the “Theory of Relativity” really means, that for example what is considered to be “only” [so much] by one person could on the other hand appear to be quite a substantial amount for someone else, as in my own total investment in the premier shiny Au precious metal amounting to no more than two 1/10 oz. coins.
When it comes to lending Gold, opinions vary. Lending can be seen as bearish or bullish for Gold. Personally, I lean towards the bullish perspective. Out of my three brokerage accounts, only one offers Gold lending. I wish all three did.
To all my fellow coin collecting enthusiasts here, I Wish You All A Very Heartfelt (albeit belated) Welcome to a Wonderful Spring! Or, in the original German style,
Ich Wuensche Euch Alle Ein Herzliches Willkomen zu Einem Herrlichen Fruehling!
“Whatever you are, be a good one.”
At least the idea of March has passed
AI spellcheck out of hand, always changing stuff. IDES of March not idea. WTF
Et tu, Brute?
The IDES of March isn’t ideal, either.
The Ides of March isn’t ideally an idea to identify with, I’d say.
And Brutus won’t be back for a few months, good times in the here & now.
Didn’t know you were leaving, Rick. Have a great time wherever you go!
Thanks for the laugh, good one Kaiser, and I mean that.
In the end, we have more in common than not, so I’m thankful for that.
Rick
Rick,
What I see quite clearly now is that all of this was just a lot of utterly pointless back and forth fustercluckery. Calling it a day.
Just to clarify, Rick, by “calling it a day” by “it” I was referring to my arguing about anything and everything and certainly not to leaving this, my one and only and as such by default very favorite coin site. Additionally, the “pointless back and forth fustercluckery” phrase applies to the former situation also and again not to the latter. By the way, at the rate I’m going I’ll soon be looking for an English-to-English translator/interpreter.
Agree Kaiser, good day.
Have a Really Great Spring, Major D, and hopefully you’ll be back when we get into warmer days of Summer! Believe me, you will definitely be missed since you are such an important voice and a key presence here. And remember, be sure not to take any Wooden Nickels unless they carry the unmistakably proud S of the possibly-soon-to-be-closing San Francisco Mint.
Major D, Honestly, I was really hoping you weren’t going to be right about this, but subsequent events have more than amply demonstrated the exactitude of your spot-on prescience. Your Number 1 on-site nemesis aka Mr. Perfect Know It All went to full-on beast mode practically the instant you left for your sabbatical. In fact, I find it both extremely humorous and extraordinarily satisfying that he can’t seem to get you out of his preternaturally vindictive and uncontrollably aggressive mind even in your absence. I was especially impressed and gratified by his taking the opportunity to publicly celebrate your departure;… Read more »
Coming around the final turn, Gold, while seeming to slack off a wee bit, is still in its customary position at the head of the pack. Silver, the perennial slow mover in this race, remains as is sadly always the case in last place. The only real contest we see developing here today is that of Palladium versus Platinum, with Palladium showing just enough eagerness today to have edged ahead of Platinum by barely a nose.
Gold is the Secretariat of PMs. Only a fool would bet against it!
The others may lead out of the post, on the backstretch, or in the final turn, but at the wire you can’t beat gold. That’s history, my friend!
After all is said and done, DaveSWFL, while I’m typically inclined to vote for the underdog, in this specific case it would be hard to say you’re wrong.
Being much more of an NFL fan than a Kentucky Derby aficionado, I tend to adhere to and put some faith in the Pro Football credo of “Any Given Sunday.” There was a time, after all, when Platinum was king and Gold by comparison was limited to being an also-ran. I’m not claiming anything such as that is likely to ever happen again soon, but there is the old tried and true “Never say never.”
Update.
March 24, 2025
Today’s JPMorgan pdf file for GLD is 1080 pages (Increase of 25 pages) and today’s Total Fine Ounces is 27,505,529.489 (Increase of 645,634.585 ounces).
More Gold was purchased today in the GLD than the United States Mint sells in bullion revenue in a fiscal year…
Citi hikes Gold price target for next 3 months to $3,200.00 per ounce.
One reason cited was “higher exchange-traded-fund demand “ (ETF)
GLD is the largest Gold ETF in the world…
ENRON was pretty big, too – until it wasn’t.
Can always sell apples on the corner if…IF and etf goes bust or everyone asks for physical possession….if,u can even
I’ve long advocated the United States Mint getting out of the Gold selling business.
No Gold bullion sales. Period.
No Gold numismatic sales. Period.
I would be Shocked if sales reported today for American Gold Eagle Proofs were anything but Weak.
Shocked….
Good for me, I suppose.
Reb,
Good for anyone that has Type 2 American Gold Eagles…
The dealers here pay the exact same for TyI or Ty II AU or AG AEs, some now trying to pay 5% back of spot regardless of the gold, AGE, or Pre33 commons, Pesos, etc. v. A usual spread of $100-140 for bullion AGEs which is still around if you shop it
At these levels and slow numismatic sales USM ought to go to direct Bullion sales, Ag rolls, 1z AGE minimum? Could get more then from APs and do a solid for collectors, investors…..uh come to think of it ain’t gonna happen too many players making buck$ of the mint
ASE rolls, 2 roll minimum….but with their usual MOmdemonstrated by the FHG they would,figure out how to screw us
Cag,
Why only Type 2 American Gold Eagles and not the Type 1?