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<p>[QUOTE="GoldBug999, post: 3248723, member: 78003"]The "spot" price for precious metals is based upon supply and demand, like every other commodity. The premiums being discussed are charged on top of the spot price. The cost of manufacturing/mining will vary greatly based upon where the mine is, the percent of precious metals in the ground, how it is being mined, reclamation costs, etc. The profit/(loss) earned by miners will vary based upon the current spot price vs. all their mining costs - it is not a fixed profit by any means.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldBug999, post: 3248723, member: 78003"]The "spot" price for precious metals is based upon supply and demand, like every other commodity. The premiums being discussed are charged on top of the spot price. The cost of manufacturing/mining will vary greatly based upon where the mine is, the percent of precious metals in the ground, how it is being mined, reclamation costs, etc. The profit/(loss) earned by miners will vary based upon the current spot price vs. all their mining costs - it is not a fixed profit by any means.[/QUOTE]
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Fixed Bullion Coin Costs: minting, marketing, shipping (Bullion Costs)
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