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<p>[QUOTE=&quot;jaceravone, post: 564197, member: 9474&quot;]With gold now below $900/oz, do you think the mint will make good on their pricing schedule and drop the price of their gold coins?&nbsp; </p><p>&nbsp;</p><p>Beginning in 2009, the mint has decided to re-evaluate their pricing of precious metal coins (gold &amp; platinum) on a weekly basis and adjust pricing accordingly.&nbsp; The pricing schedule can be found <a href="http://catalog.usmint.gov/wcsstore/ConsumerDirect/images/catalog/en_US/GoldCoinGrid.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://catalog.usmint.gov/wcsstore/ConsumerDirect/images/catalog/en_US/GoldCoinGrid.pdf" rel="nofollow">here</a>.&nbsp; The pricing schedule changes on every $50 change in market price.&nbsp; The mint uses the London Fix weekly average to determine their prices... but here is what the mint says, </p><p>&nbsp;</p><p>&quot;The new pricing methodology is based primarily on the London Fix weekly average (average of the London Fix prices covering the previous Thursday A.M. Fix through the Wednesday A.M. Fix) gold prices, which reflect the market value of the gold bullion that these products contain.&quot;</p><p>&nbsp;</p><p>Do I see an out for the mint here?&nbsp; &quot;The new pricing methodology is based <i><b>primarily </b></i>on the London Fix weekly average&quot;&nbsp; So is there a secondary way that the pricing is based on? Why didn&#039;t they just say, &quot;The new pricing is base on the London Fix weekly average.&quot;?&nbsp; I am just curious. I think that the mint has worded it this way to leave themselves an out if the London fix numbers are not what they want them to be.&nbsp; So how I am interpreting this is that they base their prices primarily off the London fix, but also use secondary and tertiary, (i.e. other methods) for determining their prices.&nbsp; </p><p>&nbsp;</p><p>Since the beginning of the year, I believe the mint has adjusted their prices up wards at least two, maybe three times.&nbsp; But now that the price of gold for the London Fix is under $900, a new price should be released after Thursday.&nbsp; So lets wait until then, see if the price of gold stays below $900, and see if the mint makes good on their word.&nbsp; </p><p><br /></p><p><font face="Times New Roman"><font face="Times New Roman">Joe</font></font></p><p><font face="Times New Roman"><font face="Times New Roman"></font></font>[/QUOTE]</p><p><br /></p>

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