A Local Regional Bank Will Start Selling Gold And Silver Bullion Coins

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Author	Replies: 11 / Views: 485
NorthShoreMA Valued Member United States 131 Posts	Posted 10/02/2025 6:31 pm Today when I visited one of the local banks where I purchase half dollars, I learned that next week they will start selling bullion coins issued by the US Mint in order to meet the demand from their customers to purchase gold and silver. I have heard that -- just before the stock market crashed -- Joe Kennedy sold a large amount of his stock portfolio after a shoe shine boy gave him several stock tips. Kennedy correctly reasoned that if someone like that was closely following the stock market, the "bubble" was about to burst. This business decision by a small bank may be sending the same signal about the gold and silver "bull market." Edited by NorthShoreMA 10/02/2025 6:32 pm Report this Post to the Staff

Spence Moderator United States 33739 Posts	Posted 10/02/2025 8:14 pm That is interesting @nor. Was this something that you just were told at the bank or was there a more public announcement by them? "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
Marve65 Pillar of the Community United States 7266 Posts	Posted 10/03/2025 12:06 am Who exactly is ordering Gold at $3850 an ounce from a bank? Report this Post to the Staff
NorthShoreMA Valued Member United States 131 Posts	Posted 10/03/2025 08:33 am Spence: A teller who knows that I'm a CRH volunteered that information. The bank manager confirmed the news. The general public probably does not realize that the premium they will pay to purchase a bullion coin and the discount that will be applied when they try to sell it will eat into their profits if the spot prices of silver and gold continue to increase. In addition, corrections in commodity markets typically are rapid and severe. Report this Post to the Staff
jbuck Moderator United States 171009 Posts	Posted 10/03/2025 09:11 am Very interesting. Quote: Kennedy correctly reasoned that if someone like that was closely following the stock market, the "bubble" was about to burst. An old friend called me recently to catch up. I did not think much of it then, but among all the conversation he asked what I thought about the run up of gold and silver. I gave him my thoughts and we moved on to the next thing. Looking back, that was an odd question for him to ask—is he the shoe shine boy in this scenario? Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
jbuck Moderator United States 171009 Posts	Posted 10/03/2025 09:12 am Quote: Who exactly is ordering Gold at $3850 an ounce from a bank? The guy who has $3850 sitting in said bank. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
NorthShoreMA Valued Member United States 131 Posts	Posted 10/04/2025 10:58 am That bank will sell the 1/10th ounce gold bullion coins struck by the US Mint as well as the 1 ounce gold coins. Report this Post to the Staff
Marve65 Pillar of the Community United States 7266 Posts	Posted 10/04/2025 4:24 pm Quote: The guy who has $3850 sitting in said bank. True...... I guess if Costco can sell gold bars then why not a bank? Report this Post to the Staff
thq Pillar of the Community United States 3297 Posts	Posted 10/04/2025 7:10 pm It's sort of peculiar for a bank to get into the business of selling merchandise like Costco. They're not in the gold trade just peddling gold. I can't imagine they'd carry much inventory. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Edited by thq 10/04/2025 7:14 pm Report this Post to the Staff
glenmorenee Valued Member United States 273 Posts	Posted Yesterday 11:57 am The bank has a slight advantage. They know your money is good. Report this Post to the Staff
jbuck Moderator United States 171009 Posts	Posted Today 1H 2M ago Quote: True...... I guess if Costco can sell gold bars then why not a bank? Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
jbuck Moderator United States 171009 Posts	Posted Today 1H 2M ago Quote: The bank has a slight advantage. They know your money is good. Indeed. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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