cladking ✭✭✭✭✭

The refineries have been busy for a while now just like a few other times since 1965. Billion of ounces have been produced and squandered. Each time they get busy they are melting a lot of 90%. While… (View Post)

Wholesale is 98% of spot. You can get more but that doesn't necessarily mean you can get more for any specific sale. Dealers pay less, often much less like hotel buyers who pay 50% of melt whether it… (View Post)

It just doesn't matter. The refineries are always buying and most of what doesn't originate in industry comes from coin dealers and jewelry stores. Capacity is significant and they stay in business f… (View Post)

Part of the problem here is the erosion of trust. It goes beyond shoddy products, shoddy services, shoddy oversight of the miscreants, and lack of Congress. It's losing faith in supply lines, the inf… (View Post)

The FED hasn't kept large inventories of coins since the '60's. More accurately they don't store many coins at any site because they do have a system that is designed to move coin from mint productio… (View Post)