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Platinum coins to go up $100 tomorrow

Platinum ($1690) closed above the price of gold ($1680.5) today, for the first time since 3/20/12.

If Platinum closes above $1649 tomorrow (which it should, given today's price), then the weekly Platinum average is going to close above $1649 tomorrow (complete coincidence that these are both the same #), so the US Mint's pricing schedule will dictate an increase in Platinum coins from $1892 to $1992.

. . . get 'em while they are cheap!

Mark

Comments

  • cladkingcladking Posts: 28,731 ✭✭✭✭✭
    The market is starting to factor in a recovery. So long as politics don't forestall it things could get
    very volatile very soon.

    It's almost a bad thing that a recovery may be at hand since many people including those in govern-
    ment will take it as vindication of the status quo.
    tempus fugit extra philosophiam.
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    So the cost of producing a $1T coin has gone up how much?
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • ManorcourtmanManorcourtman Posts: 8,189 ✭✭✭✭✭
    No move on gold or silver?
  • Platinum is definitely going up. It's london PM close today was $1678, so the weekly average is up over $86 to $1655, which kicks it into the next range.

    You might be able to get them for $100 less ($1892) if you move fast right now before they update the US Mint web site, but don't delay.

    Gold will stay the same . . .

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