They're going through their reserves. I was just at a coin store where there was a lady selling and 2-3 people lined up ready to purchase her stuff once it was registered in inventory.
There is a decent article on Zerohedge about how spot gold price doesn't always align with gold coin prices, as there are production concerns with coins. That explains some of the issues.
They're going through their reserves. I was just at a coin store where there was a lady selling and 2-3 people lined up ready to purchase her stuff once it was registered in inventory.
Russia is literally backstopping gold which will gradually raise the buy floor as the Rubel appreciate which will cause a feedback loop
Silver generally has higher buying premiums than gold as well. Like 20% vs 12%.
There is a decent article on Zerohedge about how spot gold price doesn't always align with gold coin prices, as there are production concerns with coins. That explains some of the issues.
https://www.zerohedge.com/commodities/why-gold-coin-demand-doesnt-drive-gold-price
Someone told me that gold goes up when the market goes down. I might wait for the crash and buy some stocks...