Gold and the US mint's limited offerings....

VicThrust

I cannot understand why the Mint has such limited offerings of gold on their site and what they do have is 30% above melt. Couple the timing of their announcement of discontinuing fractional and collector gold and plat and their rationing of bullion with the financial meltdown and one cannot help but think they are trying to limit gold ownership. Add to that their announcement in 2007 reaffirming their ability to confiscate gold and it makes you wonder.

Other mints are still producing coins for collectors despite the mint saying they cannot get blanks. I think there is something more to this.

I have been buying pandas lately. Any thought on this?

BillJones

I guess if you want gold Pandas will fill the bill, but I would rather buy coins from a nation that is a bit for friendly to the U.S.

oldhobo

You can all of the bullion 2009 gold eagles you want.

BillJones

<< <i>You can all of the bullion 2009 gold eagles you want. >>



If that is true, those coins are better buy. You a pay premium for the fractional gold coins relative to the melt value.

OPA

<< <i>You can all of the bullion 2009 gold eagles you want. >>



Not only true for AGE's but also ASE's .....

The collectors version always have a big mark up and that holds true for any bullion collectors version offered by the various world mints.