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has the mint lost their mind? (if they ever had it)

KonaheadKonahead Posts: 1,476 ✭✭✭
in Precious Metals
I was just checking the site to see if the pricing had been adjusted. Silver products are still unavailable, but I checked the gold. They must of missed the memo that the spot price adjusted down. They are still looking for $1900 to $2008 per onuce. Are they nuts? image
PEACE! This is the first day of the rest of your life.

Fred, Las Vegas, NV

Comments

  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    Don't they normally reprice on Wednesdays? (unless, of course, prices are going up).
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • KonaheadKonahead Posts: 1,476 ✭✭✭
    it looks like they are repricing the silver, but not gold??
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    new gold and platinum prices appear on Thursday morning of each week

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    The 1 oz Platinum Proof will be another $100 cheaper, and maybe another $100 cheaper the following week. With the premiums they demand, it's not like they're gonna lose money either way.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
    gold and platinum reprices off a pricing grid based upon average prices and closing pm spot fix at the lbma on wednesdays


    silver has no pricing grid. they still have to announce the price changes in the Federal Register before making them. So, for right now, silver pricing changes are slow. I'm sure they have considered a grid for silver, but just haven't implemented it. I don't know why.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    they do charge a little something above the price for scrap melt to pay for the people, equipment, supplies, and energy required to turn the metal into beautiful coins

    Liberty: Parent of Science & Industry

  • KonaheadKonahead Posts: 1,476 ✭✭✭


    << <i>they do charge a little something above the price for scrap melt to pay for the people, equipment, supplies, and energy required to turn the metal into beautiful coins

    Little! $400 over spot is not a "little" and much more than the past. They have lost it.
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
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