Renewed vigor in previous Fed sessions has been driving the prices of precious metals down all year. With current trends, are we forecasting the most inexpensive year at the mint in a decade? What do you guys think we will see as new pricing?
I think we will see "new" ideas in fancy combinations, fancy packaging, and fancy .99999999999 silver rather than lower prices.
At this point of time, production of various metals cannot be sustained at this price. Certain level of production will eventually have to be curtailed which would mean a gradual increase of price.
The Feds raised Interest Rates and the US Mint will stop producing 90% coins. This makes me draw the conclusion that the Mint will up the silver to .999 and charge more. They must do something to increase sales.
The US Mint needs to drop the price a bit on the ATB "pucks." I would say $30.00 per coin would be good.
The US Mint needs to decrease the number of offerings. They must realize that they are competing for a limited pool of dollars.
