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Soaring gold price forces U.S. Mint to pull American Gold Eagles

 
cabaretvolterror
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09/14/2007 02:14 PM
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Soaring gold price forces U.S. Mint to pull American Gold Eagles
kinda ominous

September 13th, 2007

2007 Gold American Eagle WGold bullion and oil prices have been rising quickly in the last few weeks. Oil and gold have been flirting with historical highs and as a result the gold industry is starting to make some changes. One of the biggest indicators of the changing tides was the announcement from US Mint on September 13th, 2007 that they would be suspending the purchase of 2007 Gold American Eagles.

[link to bullionmarketplace.com]
Anonymous Coward
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09/14/2007 02:48 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
and so it begins.
cabaretvolterror (OP)

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09/14/2007 07:15 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
does anyone know if this is actually significant though?
Anonymous Coward
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09/14/2007 07:22 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
already a thread on this

[link to www.godlikeproductions.com]
cabaretvolterror (OP)

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09/14/2007 07:26 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
already a thread on this

[link to www.godlikeproductions.com]
 Quoting: Anonymous Coward 196275


my thread was first, lol
Anonymous Coward
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09/14/2007 07:29 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
does anyone know if this is actually significant though?
 Quoting: cabaretvolterror



why does the mint need to cut off sales in order to reprice gold...most other vendors do it day by day with a simple calculator..the guy I bought it from looked at the market price that day, toggled in his "seller" fee and I paid him...you buy from Kitco they have the price posted day to day based on market rates...so why does the fed mint need to cut off sales to reprice?

unprecedented

say they have 5 tones of gold to sell, why should they sell it today for 800 if they know they can sell it next week for 200 (prices only for demonstration purposes.)

yes it is significant.
Anonymous Coward
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09/14/2007 07:29 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
oops typo, meant 2000 not 200
Anonymous Coward
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09/14/2007 07:36 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
does anyone know if this is actually significant though?



why does the mint need to cut off sales in order to reprice gold...most other vendors do it day by day with a simple calculator..the guy I bought it from looked at the market price that day, toggled in his "seller" fee and I paid him...you buy from Kitco they have the price posted day to day based on market rates...so why does the fed mint need to cut off sales to reprice?

unprecedented

say they have 5 tones of gold to sell, why should they sell it today for 800 if they know they can sell it next week for 200 (prices only for demonstration purposes.)

yes it is significant.
 Quoting: Anonymous Coward 281673


exact-a-mundo

they may not sell at all...after all, they can get all the federal reserve notes for free via IRass
Anonymous Coward
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09/14/2007 07:39 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
already a thread on this

[link to www.godlikeproductions.com]


my thread was first, lol
 Quoting: cabaretvolterror


maybe...but MY post has "WTF" in the title and has 23 posts MORE than yours....(minus my 3 posts here...

but whos counting
cabaretvolterror (OP)

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09/14/2007 07:57 PM
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Re: Soaring gold price forces U.S. Mint to pull American Gold Eagles
i try to cater and advirtise to a more investing savvy audiance, lol

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