When news broke a month ago that the US Mint had suspended selling one-tenth ounce gold coins, perhaps the most surprising news was that there were thousands of consumers willing to pay the exorbitant retail premium demanded by the US mint, with the resulting order deluge promptly sapping the mint's stretched inventories. Well: we have good news - as of moments ago the US mint has once again restocked on the popular denomination (with a 20,000 production limit), and without a limit per household. The even better news: the coin will set you back just $195. This means a "tiny" 40% premium to spot. http://www.zerohedge.com/news/2013-...ng-one-tenth-ounce-gold-coins-40-premium-spot :|
That makes more sense although they can keep them. After to seeing the swings over the last few years I can say without Doubt Im done with numis.
Not the most sensible choice by these American stackers, especially when the 1/10th Canadian Maple Leafs are relatively abundant. The equivalent 1/10 Maples Leafs are almost certainly going for a lower premium, even without the sales tax exemption the Eagle has as US currency. Its also a national mint product and is a 99.99% coin, rather than 90.00% in the case of the American Eagle. Still, if they are switched-on enough to exchange fiat for physical metal then they don't deserve to be called 'stupid'. Full disclosure: Among other things, RCS is a Canadian Citizen.
