Uncle Charlie Posted August 23, 2008 Report Share Posted August 23, 2008 Anyone else know anything about this? Seems pretty surprising in my opinion. The mint says they're temporarly out of one ounce gold eagles. Link to comment Share on other sites More sharing options...
jtryka Posted August 23, 2008 Report Share Posted August 23, 2008 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. Link to comment Share on other sites More sharing options...
Uncle Charlie Posted August 23, 2008 Author Report Share Posted August 23, 2008 Do you think that'll effect the price? I mean there's a lot of demand and limited quanities. I don't own any gold right now and it makes me concerned. Link to comment Share on other sites More sharing options...
jtryka Posted August 23, 2008 Report Share Posted August 23, 2008 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%. Link to comment Share on other sites More sharing options...
just carl Posted August 25, 2008 Report Share Posted August 25, 2008 Probably my fault. Lately have had several crowns made with Gold put into my mouth. Link to comment Share on other sites More sharing options...
Ætheling Posted August 27, 2008 Report Share Posted August 27, 2008 Same with Silver, Jeff, demand seems to be on the up but the price plummeted a few weeks ago, from $19 to c.$12. Link to comment Share on other sites More sharing options...
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