This gold upmove.... seems to be a non event re:generic Saints
topstuf
Posts: 14,803 ✭✭✭✭✭
Tidbit for consideration:
The wholesale offer price on generic slabbed 20's isn't doing anything with the move.
Conclusion: none. 
1
Comments
Why should it???...
Maybe the bidders feel that after 4 weeks of rallying, gold is close(r) to the end of this move and are not confident in sticking their necks out? Maybe this move up from $1213 to $1295 has brought more Saints out of the woodwork and into coin market supply channels? Rising gold price could be negated easily resulting in any number of bidders lowering their bids or even pulling them.
June is not known for being a great month for gold, even if 2016 was a stark exception with a rally from June 1st through July/August. Typically, gold prices seem to return from the doldrums just after July 4th holiday. Every year is different though. Some years the doldrums last deep into August.
If there is an acceptable flow between buyers and sellers of physical there would be no perceived need to adjust premiums.
I like it for now just bought today 1880 $20 xf40 mintage of 52,000 in Ogh for $1305 and 1876-s ms60 Ogh for $1310 at my coin store today. Funny the difference between silver and gold if a silver coin had a mintage of 52,000 it would be $100,000 but gold $15 above spot