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U.S. Gold Eagle shortage?


Uncle Charlie
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There has been a lot of unusual things happening in the metals markets lately, and yes the mint ran out of 1-ounce AGEs for about a week or so, but will be selling them to their distributors in limited quantities (rationed) starting Aug. 25.

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I doubt it will have a direct impact on the eagles themselves since there are still lots of alternatives (Buffalos, Maples, etc). It begs the question however of why is gold dropping so much in the futures (paper) market when the Mint and distributors are having trouble finding supply, sorta turns economics on its head. At the coin show today, 1-ounce gold eagles were BID over spot at $830 with an ask of $880, or nearly a 7% premium over melt, and maples were asked at $870, or almost a 6% premium. Premiums are normally 3-4%.

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