US Mint Unveils New Pricing Policy
The US Mint unveiled a new pricing policy which covers all Gold and Platinum Numismatic Products. This pricing policy does not refer to any of the bullion offerings, but only the numismatic products which the US Mint sells to coin collectors. The new policy represents a significant shift in the handling of collectible coins with [...]
Did Platinum Just Break Out?
After falling below the $900 level in late October, Platinum spent more than two months trading in a relatively tight range between $780 and $900.
In the final days of 2008, Platinum pushed above $900 and now stands at $946. This recent move looks bullish to me.
Chart courtesy of stockcharts.com
2008 Gold, Platinum & Silver Performance
As trillions of dollars in equity values were vaporized this year, a strong November and December performance pushed gold into positive territory by year end. Gold’s annual gain was 4.32%. This marks gold’s eighth consecutive annual gain. The “lost decade” for stocks, has been quite the opposite for gold. Silver and platinum were less fortunate, [...]
Two Milestones for Gold
In the past week, gold quietly marked two important milestones.
First, as of Monday the price of gold is now showing a gain for the year. The closing price of gold on December 31, 2007 was $833.75. The price of gold today is $854.60. That makes gold up 2.5% for the year to date. If gold [...]
US Mint to Sell Final Inventory of 2008 Platinum Eagles & 1/10 oz. Gold Eagles
A few weeks back the US Mint announced that they would be taking unprecedented actions to deal with the demand for bullion coins. This included production halts for some bullion coins and limited production for others until existing blank inventories were depleted. Read the full US Mint memo with details of the actions.
Yesterday the following [...]
