Gold today! WOW!

The mints prices have nothing to do with the fed. They’re just operating more like the other world mints, and are still actually cheaper and in many cases significantly cheaper. Go look at what a silver coin would cost you from France or England and then remember the Euro is generally stronger than the dollar and the pound is stronger than the dollar. Australia, Canada etc all more expensive. The peace and Morgan’s would have been well over $100 dollars each at other world mints.
Red Book pricing is also notoriously bad and out of date

 

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What's that got to do with the Fed hiking rates ?

 

To

You’re missing my point.

 

The Fed is hiking rates to fight inflation but the Mint is raising prices, even on coins they couldn’t sell at the lower price. Last time I checked both the Fed and the Mint were run by the government. The right hand doesn’t know what the left hand is doing.

 

I didnt miss anything. I understand that everything has sky rocketed but you chose a very poor example and are missing why the mint is operating how they are. It has nothing to do with the fed

 

You’re still missing the point. Read above

 

I'm not the one missing the point, again the mints price hikes have very little to do with inflation

 

Have you trained her that 0 balance is how you're supposed to use the credit cards -- getting all the benefits, and not paying any extra costs?

 

My friends tell me you're supposed to charge vacations, new cars, jewelry, shoes, clothing, and other luxuries....let it pile up.....charge more.....let it pile up.

Then file Chapter 13 or 7 bankruptcy.

 

Hey, better than living on welfare, right?

 

You only charge what you can pay off every month. I’ve been doing that for years and my credit rating is top notch. My credit limit is so high I could buy a new car and I’ll never spend that much but it’s there if I had to.

 

Many use credit cards as " free money" then they have to pay it back not to free
then especially with the increasing interest rates you can get behind the eight ball
pretty quickly, I got her an American Express card, I have one as well paying ones
balance off every month is the way to go plus you get all those points and freebies
with added purchase protection

 

I know a guy that did charge everything.
He bought four trailers to rent out.
Used his paycheck,his wife's paycheck, his dad's paycheck, his daughters paycheck to start this rental empire.
He was $150,000 in credit card debt after buying a new truck. Harley car for the wife and improvements on the rentals.
His wife had $100,000 in credit card debt paying for other stuff, clothes. Big screen tv. Jewelry, Harley, car for the kids, payed monthly bills with the credit card for them and the kids.
A year later they got a lawyer...gave him a trailer for payment for filing bankruptcy on both of them and their $250,000 debt was forgiven.

 

Yes, that's the only way to do it! In my youth it took me awhile to figure things out so I let go and let God. j/k My God was my wife, she straightened me out with a swiftness!

 

Yay! Gold is down! I guess I'll hop on over to "Fill in the blank" bullion dealer and buy a 1/10th oz AGE while they're down and take advantage of this... Lets see, $175? $180....no. $200? No. $220? NO!! $230! Ok, did gold drop at all?

 

I have a competitor that runs his business exactly this way. He has reorganized three times since the turn of the century under the protection of the bankruptcy court. Seems sooner or later people would wise up.

 

I have several 1/10 Oz gold coins from bullion to very odd, on the bullion side
premiums are steep in compared to high weight gold coins call that the COSTCO affect, the more you buy the more you save, on premiums that is.

 

I never buy anything that I can't pay cash for, but still buy it all with a cash back credit card, even pay my utilities with a credit card. I pay most all of them within a day or so of the transaction and if not still pay the monthly bill before it is due. I save enough through-out the year to pay for most of my Christmas gifts.

 

years ago when I bought silver and gold fairly consistently I used to track the price and the premium in a spreadsheet. Then I also tracked my acquisition cost with spot + premium.
Let's just say the sellers want to profit if going consistently down, steady/wavering or up and that can be done in various methods.

Of course they also have to worry about buying in various conditions.

 

Find a CC that offers money back on purchases. My bank has a very good program and I make use of my CC for EVERYTHING AND EVERYONE that will accept it for payments, and I get $$ back. The only catch is make sure you PAY IT OFF immediately. I use the points I accumulate on a yearly basis to use it on our vacation and have been known to use it to purchase coins. JUST PAY IT OFF.J
Phil