Comments on: Perth Mint Gold Bullion Sales Drop in February https://www.coinnews.net/2023/03/16/perth-mint-gold-bullion-sales-drop-in-february/ CoinNews delivers the latest World and US coin news Thu, 16 Mar 2023 21:16:18 +0000 hourly 1 https://wordpress.org/?v=6.1.1 By: Dazed and Coinfused https://www.coinnews.net/2023/03/16/perth-mint-gold-bullion-sales-drop-in-february/comment-page-1/#comment-519682 Thu, 16 Mar 2023 21:16:18 +0000 https://www.coinnews.net/?p=94828#comment-519682 In reply to Kaiser Wilhelm.

Also, I thought about the medal and the wavy flag thing. And I looked closer. Even if that the case the T has a really short cross. Smaller in ratio to the I beside it. The next looks almost like a D as the top cross looks curved. And then an E but you can’t see the middle cross and if you could it would still be way bigger than the D, that is supposed to be an E. The scale is off. But I swear it DE and not ED. Either way, seems to be misspelled

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By: Kaiser Wilhelm https://www.coinnews.net/2023/03/16/perth-mint-gold-bullion-sales-drop-in-february/comment-page-1/#comment-519658 Thu, 16 Mar 2023 16:25:28 +0000 https://www.coinnews.net/?p=94828#comment-519658 In reply to Dazed and Coinfused.

“Good Ole taxpayer will pickup the tab for another bank bailout. Make sure those poor 1%ers get all their money. $250,000 per account per bank. More tax cuts coming and gas prices will go up to cushion their fall.”
– Dazed and Coinfused 

That is as precisely on the money as I’ve ever seen this very type of situation and the government’s response to it explained, Dazed and Coinfused. You have layed out as neatly, succinctly, comprehensibly and also as thoroughly and comprehensively as possible a description of what has long begged to be made clear.

Incidentally, I’m sure we all got the Mint’s email message today about the rise in the Household Order Limit of the Morgan and Peace Dollars to 25. Since when does the average “household” need or want to order 25 of each of either of those or for that matter any other coins? If this isn’t a feeder line to the Big Dealers, Buying Clubs and Professional Flippers if there ever was one! Business as usual.

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By: Dazed and Coinfused https://www.coinnews.net/2023/03/16/perth-mint-gold-bullion-sales-drop-in-february/comment-page-1/#comment-519655 Thu, 16 Mar 2023 15:48:44 +0000 https://www.coinnews.net/?p=94828#comment-519655 In reply to Kaiser Wilhelm.

I don’t understand. I mean we didn’t have any products available to buy this month, wonder why we didn’t have sales. But note silver did pick up. I see gold as $100 bill and silver as $1. If people are planning for a long hurt they probably expect to buy a whole lot of small value items rather than a couple huge purchases or services. Gold would seemingly just benefit those that would have tons of silver that take up lot of space. So they are trading their $100,000 worth of pennies for silver, and changing some of the silver for gold. Mainly because it’s unlikely they would ever need to use the gold.

Gold at 1923 and silver 21. I wonder what ratio these professional speculators will give it for the short and long terms. Europe hiked by 50 basis points. US is predicting another hard landing. My guess is they will stick to the 25 basis they hinted at, next month realize they messed up. Hike it 50. Promise possibly another 25 or 0 rise and end up with another 50. Banks hurting, but if fed raises too much, that’ll kill the debt ceiling with interest. I am surprised Moody hasn’t dropped our credit rating from AAA yet. If Obama was in it’d hit AA- again. They were right. It is transitory. It is transitioning from one high debt cc to another to another to another to keep payments current. Not I, I do take advantage of great rates though. But since millennials now outnumber boomers (as of yesterday) they think unky Joke will pick up the tab because there is a system against them and it isn’t fair. Good Ole taxpayer will pickup the tab for another bank bailout. Make sure those poor 1%ers get all their money. $250,000 per account per bank. More tax cuts coming and gas prices will go up to help cushion their fall.

Has anyone looked at their army medal? Where did we land on the reverse having a typo.

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By: Kaiser Wilhelm https://www.coinnews.net/2023/03/16/perth-mint-gold-bullion-sales-drop-in-february/comment-page-1/#comment-519643 Thu, 16 Mar 2023 07:23:00 +0000 https://www.coinnews.net/?p=94828#comment-519643 The Perth Mint’s General Manager of Minted Products cited the fact that the Mint “did not unveil any new gold investor coins” in February as one of the more likely reasons for considerably slower sales. Perhaps counterintuitively, it nevertheless definitely makes me wonder exactly why anyone who chooses to first buy thousands of these extremely high-priced ducats and then stash them away for ages in a dark vault somewhere would even give a hoot what they look like.

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