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Auspicious gold buying days in India.

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Auspicious gold buying days in India.

Postby thecrazyone » Tue May 03, 2022 6:55 pm

Never knew this one before.. Today an Indian coworker asked where I buy my gold and shared why they wanted to know:

https://www.bankbazaar.com/gold-rate/au ... -2022.html
Author: Bring CHANGE Into Your Life (A Truly Easy Investment Tool)
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Re: Auspicious gold buying days in India.

Postby 68Camaro » Wed May 04, 2022 6:38 pm

US Mint is not allowed to lose money on eagles and is not allowed to buy stock at (roughly) more than spot, so when physical premiums make the street price of bars higher than spot then they literally cannot mint any eagles. That is (so I understand) why the street price of eagles is so high now. There is far more demand for them than they can produce when premium prices are uneven and they can't get enough supply at spot.
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Re: Auspicious gold buying days in India.

Postby 68Camaro » Wed May 04, 2022 8:44 pm

Actually the above post got misplaced into the wrong thread, should be in the "i don't get it" thread.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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