So now that the US Mint Raised the Price of Proof Gold Coins

MrKelso

And Gold took a nice Drop in price, Do you think that the Mint will lower prices back down to where they were?

ledzep87

No

Bochiman

<< <i>And Gold took a nice Drop in price, Do you think that the Mint will lower prices back down to where they were? >>




Ya, right.
It's all about the benjamins, baby!

291fifth

No.

FullStrike

Inflation still be wit u, Gas going up, dollar weak. Yo, Gold comming back up.

Da Mints knows dey sukas.

HonoluluDude

<< <i>And Gold took a nice Drop in price, Do you think that the Mint will lower prices back down to where they were? >>



My guess is that they'll pull it again, lower it back to the previous price
and then gold will soar to new highs. It's a losing battle they're fighting.
Just link the products to the spot prices like everybody else already.

BECOKA

It just makes it easier to wait for the buffalo gold. With the screwy way that the mint thinks it make actually cost less than the 22K bullion.

Wingsrule

Interesting thought - will the new, large spread between the proof coins and the underlying bullion create a lower demand, i.e. making this another 2004 platinum set in terms of mintage?

Anybody have a CW handy? It would be interesting to plot the sales trends pre- and post- price change (proofs) and price correction (metal).

In the big picture, gold has fallen all the way back to where it was around May 1.

TheRaven

Gold will go back up so not a big deal.....

I just want my 1/10 oz gold proof