brodrick-120109-a-smart-way-to-play-silver
And here is more news on gold and silver …
US Mint to Suspend American Eagle gold 1-Ounce Coins
“The United States Mint has depleted its current inventory of 2009 American Eagle 1-ounce gold bullion coins due to the continued strong demand for this product,” the Mint told its authorized dealers in a memorandum on Wednesday. November sales to date were at 124,000 ounces, higher than the 115,500 ounces sold in each month of September and October, the Mint said.
XX Sean’s note - the Mint also suspended sales of 1-ounce Silver Eagles. Sales of the Silver Eagle have now reached 25,993,000 to date, which already exceeds the record number of coins sold in the prior year.
Also, here are some tips on selling gold. My top tip: It would be unwise to sell at to one of these firms that advertise on TV. Who do you think is paying for all that advertising?
Fun fact of the day: According to research data, Indian households have amassed over 16,000 metric tonnes of gold in the form of jewelry.
prices for certain gold coins often are showing little relation to gold’s market value. The U.S. Mint currently sells the so-called Ultra-High Relief Double Eagles, a one-ounce gold coin, for $1,539. But some consumers are paying as much as $3,000 to some dealers.
A better deal: smaller-denomination gold coins, which haven’t seen premiums escalate, and lower-quality $20 coins “bought as close to bullion prices as possible,” says Scott Travers, a New York coin dealer and coin-guide author. If gold prices fall, he says, those coins won’t be hurt nearly as much.
Related Posts
- US Mint Suspends Production of Some Gold and Silver Coins (Again)! (10/07/09)
- 2 Charts and News on Gold and Silver (10/22/09)
- Silver, Platinum and Gold (01/25/10)
- Gold rises, and Silver Soars — Transcript (10/06/09)
- Ultimate Suburban Survivalist – 5 Tips for Gold and Silver Buyers (01/28/10)
{ 1 comment… read it below or add one }
I thought that fact about Indian households and gold was pretty astonishing. 16,000 tonnes!!