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don't buy US Mint gold this week

NookerNooker Posts: 634
in Precious Metals
The Avg price of gold has dropped in the last week to $1200.61/oz, but this average is still in last week's range ($1200-$1249/oz), just barely as you can see. Thus 1 oz gold Proof = $1560/oz

With today's London close at $1187.85, you can see that as long as it holds below $1200, prices would go down next week by $50/oz, to $1510/oz

Better to wait until next week if you want to save.

Mark

Comments

  • jmski52jmski52 Posts: 22,854 ✭✭✭✭✭
    image

    Thanks, Mark. You're doing everyone a nice service.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭


    << <i>Thus 1 oz gold Proof = $1560/oz >>


    I just checked the Mint site and it's dropped to $1510. I guess they figured the average was close enough to lower the price.

    My Adolph A. Weinman signature :)

  • nibannynibanny Posts: 2,761 ✭
    I haven't bought from the Mint in a while but like to know what is going on, just in case. So, thank you for your constant updates.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
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