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Why are PMs from the US Mint so much more expensive than PMs from foreign countries?
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<p>[QUOTE="Gam3rBlake, post: 7396931, member: 115909"]Yeah but currency is a lot different than bullion.</p><p><br /></p><p>Currency relies on having faith in the stability of the nation that issues it.</p><p><br /></p><p>Bullion is bullion. Gold is gold. It doesn’t matter how stable the nation that issues the gold is. The gold is in the coin and it’s the same as all other gold.</p><p><br /></p><p>As far as “people trust America” believe me I want that to be the reason. I’m a proud American.</p><p><br /></p><p>But...let’s be real: Does anyone seriously doubt the quality of Canadian or Australian bullion? I doubt it.</p><p><br /></p><p>If we were comparing Chinese bullion to American bullion it would absolutely make sense since China is known to mint underweight bullion but Canada & Australia are both highly regarded & trusted.</p><p><br /></p><p>In fact I did testing that showed Australia puts more bullion into their coins than any other nation.</p><p><br /></p><p>The average 1 oz Australian Silver Kookaburra weighed 31.5 grams compared to 31.2 grams for the 1 oz American Silver Eagle.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7396931, member: 115909"]Yeah but currency is a lot different than bullion. Currency relies on having faith in the stability of the nation that issues it. Bullion is bullion. Gold is gold. It doesn’t matter how stable the nation that issues the gold is. The gold is in the coin and it’s the same as all other gold. As far as “people trust America” believe me I want that to be the reason. I’m a proud American. But...let’s be real: Does anyone seriously doubt the quality of Canadian or Australian bullion? I doubt it. If we were comparing Chinese bullion to American bullion it would absolutely make sense since China is known to mint underweight bullion but Canada & Australia are both highly regarded & trusted. In fact I did testing that showed Australia puts more bullion into their coins than any other nation. The average 1 oz Australian Silver Kookaburra weighed 31.5 grams compared to 31.2 grams for the 1 oz American Silver Eagle.[/QUOTE]
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Why are PMs from the US Mint so much more expensive than PMs from foreign countries?
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