2019 APdE $2950 when spot is $2107, what's up with that US mint?

Just saw on the mint's website that they're asking $2950 for last year's palladium eagle, when the paper/spot price is $2107 (7:30 am 4/3/20). I guess that's price gouging at it's finest, or is it just their way of shutting out the little guy? So what's up US Mint?

 

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Their premiums on the platinum coins are only $577 ($1295 an oz) over spot, much better than the $843 for palladium, but still "What are they thinking"?

 

I just hate it when any, that is any business states that their highest priority is safety, blah, blah, blah. Every business has one priority - make money. All the other stuff is just to stay in business and make money.

 

Its always been profits first safety last...until someone gets injured.. they talk the talk but don't walk the walk.... seen this first hand..

 

I worked at a site where fatality did occur. If anyone dares to say profits first over safety - one might as well sign a death wish. I didn't know the person personally, but it could easily have been a good friend / mate / buddy / relative etc. It was a good wake up call for me.

It does not hurt to take safety precaution especially when people are edgy and nervous just to walk out of the door these days.

 

It's always been that big business makes the money and the little guy pays for it. Provide interest-free loans for major corporations and provide loans at 3.75% for the little guy.

 

I didn't say safety was not a good idea and that companies don't practice and enforce it. I simply said that it is hypocritical to always come out and say that when something happens.

 

That I agree. The very company that I worked at preached about safety - next minute had managers publicly embarrassed people for not performing.

That fatality just wrote off everything for the year.

 

I just checked Apmex and their price for a 2020 gold eagle if you buy just 1 using a check includes a $217.50 premium.

 

PD was sold out a few weeks ago at the mint while spot prices soared and the Mint was caught with bullion on a down turn in the market, kinda like Apmex and others selling silver at a $10 premium...no one wants to loose in rocky markets. Supply and demand dictates pricing, and buyers are out there. I expect these unusual price swings to continue until markets stabilize.

 

Don't get me wrong, I have all I need. I'm thinking about all those folks out there scrambling to try to save what they can, I wonder how many of those unemployed folks are wishing they had a stack right now.

 

It's 2020 and the US Mint no longer produces the 2019 version. Therefore they cost more as supplies are limited. You gotta think like the government.

 

Yeah, but hitting myself in the head that hard hurts...

 

A government employee wouldn't even think of hitting themselves in the head. Lol

 

We were a 55,000 employee company. At one plant we had a 2 million man hour without an accident meeting. The CEO was there with 900 employees in attendance. They gave everyone a real nice Swiss Army pocket knife. During the meeting 3 people were taken to the hospital for serious injuries from playing with the knives.

 

I'm sorry but that's funny. Hope you understand what I'm saying.

 

We have a saying for folks like that, "You can't fix stupid".

 

Does that mean the 2020's are going to be cheaper? Thinking like the government says no.