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Has anyone ordered gold from the us mint lately

I was just wondering how long it is taking for orders to be filled and shipped.

Comments

  • OPAOPA Posts: 17,118 ✭✭✭✭✭


    << <i>I was just wondering how long it is taking for orders to be filled and shipped. >>



    You have a very limited choice still available (AGE's)... most items are no longer available, but the items that are, take about 2 to 3 weeks for delivery....hope this helps
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ebizgobroebizgobro Posts: 595 ✭✭✭
    As OPA said, there are limited gold choices left in the US Mint Website.

    The lowest premium over spot gold ($824 per oz) are the Celebration Buffalo 1 oz gold ($968.88) or the American Gold Eagle 1 oz ($974.95), which are both about 17 - 18% premium over spot gold.

    Smaller AGEs are also available at this time but at a higher premium over the spot gold price.
  • Is there any merit to backwardation concerning gold futures. I am considering a big gold purchase through the mint, so I can utilize there return policy if things don't go as expected.
  • bought some Buff's on Nov. 13th and received them on Dec. 5th
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • jmski52jmski52 Posts: 22,795 ✭✭✭✭✭
    Is there any merit to backwardation concerning gold futures.

    Probably.

    I am considering a big gold purchase through the mint, so I can utilize there return policy if things don't go as expected.

    If I were buying gold from the Mint, I wouldn't be doing it because of backwardation with the thought of using the return policy as a contingency plan in case price fluctuations went against my position. It's not worth the trouble, it's an abuse of the return policy and you can buy gold at a lower premium to spot elsewhere.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • fishcookerfishcooker Posts: 3,446 ✭✭

    If I were you, I'd be more worried about how long it takes to process a return.
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