First spouse gold coins and the price of gold.

If you use the word "rapidly" to describe how fast gas prices are going up, then I concur.

 

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So what's the consensus. Would it be cheaper to buy these directly from the min on 06/19, or do you think the dealers will have them slightly cheaper (given the shipping cost factor). When I saw the prices, I'm surprised at how little mark up there is for the proof versions.

 

"I do not imagine all gold used by the mint comes from the U.S."

All gold used in US coins is mined in the United States.

 

If you really want it, I'd recommend buying from the mint. The aftermarket has too much uncertainty.

 

Being a capital driven society, we, the Govt buy what is the best deal usually. Gold may be different as you said but S/A has and others ( Australia ) . have vast reserves. Cross dealing to make all parties happy are not unusual, but I take your word that all gold sold by the MInt is mined in the U.S. .

 

They are coming down now!

I'm sure they'll drop rapidly again before the 2008 election.

 

Pepper - Don't take my word on it. It's in the law (S.1047).

(7) SOURCE OF GOLD BULLION-

(A) IN GENERAL- The Secretary shall acquire gold for the coins issued under this subsection by purchase of gold mined from natural deposits in the United States, or in a territory or possession of the United States, within 1 year after the month in which the ore from which it is derived was mined.

(B) PRICE OF GOLD- The Secretary shall pay not more than the average world price for the gold mined under subparagraph (A).

 

Congress always specifies a $10 denomination for commemorative 1/2 oz gold coins. Don't know why, but it's been that way since the 1984 Olympic $10 gold pieces.