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Why does the U.S. mint not sell bullion coins to the public?
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<p>[QUOTE="bruthajoe, post: 8005530, member: 108656"]Ok Ok, It seems most agreed on the logistics problems that would involve giving easy access to a tremendous world commodity. " In 2017, it was almost $200 billion per day in over-the-counter transactions. Hence, gold is heavily traded, much more than many sovereign debt markets. Only Japanese Government Bonds and U.S. Treasuries are more liquid". Hmm, anyway I was trying to pull teeth here and get some/any other opinions as to why this is a common practice for, not all, but <i>most</i> countries. </p><p><br /></p><p>As for a long term investment, another wonderful wonder is the "Pet Rock" theory, "Many people may have bought gold for the wrong reasons: because of its glittering 18.7% average annual return between 2002 and 2011, because of its purportedly magical inflation-fighting properties, because it is supposed to shine in the darkest of days. But gold’s long-term returns are muted, it isn’t a panacea for inflation, and it does well in response to unexpected crises—but not long-simmering troubles like the Greek situation. And you will put lightning in a bottle before you figure out what gold is really worth". It seems to me that any precious metal investment would be justified by most common investors as a "doomsday" net, but would it really put food on your table in a burning society? </p><p><br /></p><p>Back to the topic. Here is an article on the matter, (It mostly focuses on theory as an explanation which I interpret as, That's just the way it is)...</p><p><a href="https://www.gainesvillecoins.com/blog/why-cant-i-buy-bullion-direct-from-the-mint" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.gainesvillecoins.com/blog/why-cant-i-buy-bullion-direct-from-the-mint" rel="nofollow">https://www.gainesvillecoins.com/blog/why-cant-i-buy-bullion-direct-from-the-mint</a>[/QUOTE]</p><p><br /></p>
[QUOTE="bruthajoe, post: 8005530, member: 108656"]Ok Ok, It seems most agreed on the logistics problems that would involve giving easy access to a tremendous world commodity. " In 2017, it was almost $200 billion per day in over-the-counter transactions. Hence, gold is heavily traded, much more than many sovereign debt markets. Only Japanese Government Bonds and U.S. Treasuries are more liquid". Hmm, anyway I was trying to pull teeth here and get some/any other opinions as to why this is a common practice for, not all, but [I]most[/I] countries. As for a long term investment, another wonderful wonder is the "Pet Rock" theory, "Many people may have bought gold for the wrong reasons: because of its glittering 18.7% average annual return between 2002 and 2011, because of its purportedly magical inflation-fighting properties, because it is supposed to shine in the darkest of days. But gold’s long-term returns are muted, it isn’t a panacea for inflation, and it does well in response to unexpected crises—but not long-simmering troubles like the Greek situation. And you will put lightning in a bottle before you figure out what gold is really worth". It seems to me that any precious metal investment would be justified by most common investors as a "doomsday" net, but would it really put food on your table in a burning society? Back to the topic. Here is an article on the matter, (It mostly focuses on theory as an explanation which I interpret as, That's just the way it is)... [URL]https://www.gainesvillecoins.com/blog/why-cant-i-buy-bullion-direct-from-the-mint[/URL][/QUOTE]
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