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It is currently Fri May 18, 2012 9:52 am |
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 Site Admin  Joined: Tue Sep 15, 2009 6:09 pm Posts: 7394 Location: Northern Ontario 
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 All US Mint Numismatic Gold Coins SuspendedThis morning the US Mint has suspended sales of all remaining numismatic gold coin offerings. The move comes as the market price of gold has jump another $35 to nearly $1,890 per ounce. Prior to the suspension, products were priced based on an average gold price in the $1,750 to $1,799.99 range.
The US Mint’s pricing policy covering most numismatic gold coins allows for price changes to take place as frequently as weekly based on the average market price of gold based on the London Fix prices from the previous Thursday AM to the current Wednesday AM. Pricing changes have generally taken place mid-morning Wednesday when all of the data points were available. The US Mint has reserved the right to suspend sales early “in the event that the selling price of United States Mint gold bullion products begin approaching the sale price of the gold numismatic products.” They invoked this option for the first time two weeks ago, and apparently for the second time today. http://mintnewsblog.com/2011/08/all-us- ... suspended/ _________________ In loving memory of my son Chris April 12 1985-June 19 2007 I don’t think it’s a matter of “is it coming.” I think that it’s already here, it’s just a matter of perspective. From one perspective, our frog friends are telling us that we should be grateful that the “spa” is hot and luxurious. From the cook’s perspective… another 10 minutes and we’ll be dinner. |
| Tue Aug 23, 2011 3:59 am |
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