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The United States Mint's New Bullion Pricing Chart

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Pillar of the Community
Hollywood's Avatar
United States
1228 Posts
 Posted 01/24/2009  03:22 am Show Profile   Bookmark this topic Add Hollywood to your friends list Get a Link to this Message Number of Subscribers
http://www.coinlink.com/News/ Lowest Price of $889 u.s. currancy thru 2009 it sounds to me like the banks/houseing market/economy mess will be backed by gold back to the gold standard what are your opinions on this ?
Valued Member
Erwindoc's Avatar
United States
265 Posts
 Posted 01/24/2009  11:11 am  Show Profile   Bookmark this reply Add Erwindoc to your friends list Get a Link to this Reply
I dont collect gold or platinum products from the mint, but I am glad they have started adjusting the prices. I heard that lots of people "lost" lots of money buying platinum last year. This way, the mint wont lose too much money selling gold either.
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 01/24/2009  1:22 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
The U.S.A. will not return to a gold standard. We might have have 1 cent's worth of gold for every dollar being printed in 2009.

The new flexible pricing grid set by the U.S. mint is a great idea. We'll see wide swings in gold/platinum prices in 2009 and they need the ability to quickly adjust prices like any other bullion distributor.

When inflation starts kicking in 2010 I expect PM prices to take off. $1500 gold within 2 years is very possible.
ANA #R3154474
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