Message:

<p>[QUOTE=&quot;Millard, post: 8478220, member: 90317&quot;]The old adages &quot;nothing is free&quot; &quot;wolf in sheep&#039;s clothing&quot; and &quot;beware of Greeks bearing gifts&quot; rapidly come to mind. I don&#039;t fault anyone for trying to make a profit (including the Mint) but this intrigued me so I did some digging.</p><p><br /></p><p>March 1017 gold was $1247/oz and the Gold Liberty one ounce dollar was offered at $1640 for just over a 31% mark-up.&nbsp; The one tenth ounce in 2018 sold for $215 and today sells for $335.</p><p><br /></p><p>Today gold closed at $1769 and on the Mints website the same Gold Liberty one ounce dollar is offered $2715 (or a 53% mark-up) Since 3/2017 gold has appreciated about 42%.&nbsp; So when these coins were minted five and a half years ago at the then cost of gold I can see readily how the mint can offer the one tenth ounce coin and refer to is as &#039;for free&#039;. They will still make a nice profit, just not as large as at normal prices. And if it works they clear the shelves of all this old gold thats just been languishing around appreciating. Hmmm...<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in