Auspicious gold buying days in India.
Posted:
Tue May 03, 2022 6:55 pmby thecrazyone
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
Re: Auspicious gold buying days in India.
Posted:
Wed May 04, 2022 6:38 pmby 68Camaro
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.
Re: Auspicious gold buying days in India.
Posted:
Wed May 04, 2022 8:44 pmby 68Camaro
Actually the above post got misplaced into the wrong thread, should be in the "i don't get it" thread.