Is Silver next?

[spencer rifle]

Actually there is 1/2 Troy ounce of pure gold in these arts commemoratives:

Size: Half Ounce
Denomination: None
Gross Weight: 17.20 grams, 0.55 oz. Troy
Actual Gold Weight: 15.55 grams, 0.50 oz. Troy
Fineness/Composition: .900 Gold, 21.6 Karat
Diameter: 27.0 MM, 1.063 Inches
Thickness: 2.00 MM, .064 Inches
Specific Gravity: 17.16
(info from Liberty Coin Service)

 

[ancjr]

Latest Platinum chart

This is all the result of easy .gov money.

 

[DoggyDaddy]

Actually there is 1/2 Troy ounce of pure gold in these arts commemoratives:

Size: Half Ounce
Denomination: None
Gross Weight: 17.20 grams, 0.55 oz. Troy
Actual Gold Weight: 15.55 grams, 0.50 oz. Troy
Fineness/Composition: .900 Gold, 21.6 Karat
Diameter: 27.0 MM, 1.063 Inches
Thickness: 2.00 MM, .064 Inches
Specific Gravity: 17.16
(info from Liberty Coin Service)

What's the Fineness/Composition mean then? I thought the .900 was 90%, as opposed to .999 or .9999.

 

[spencer rifle]

What's the Fineness/Composition mean then? I thought the .900 was 90%, as opposed to .999 or .9999.

It is listed at .9 and 17.2 g, so eliminating the .1 copper content gives you .5 ozt of pure gold, which I would assume would be .9999. They added the copper to 1/2 ozt pure gold to make .9.

But you know what happens when you "assume..."

 

[DoggyDaddy]

It is listed at .9 and 17.2 g, so eliminating the .1 copper content gives you .5 ozt of pure gold, which I would assume would be .9999. They added the copper to 1/2 ozt pure gold to make .9.

But you know what happens when you "assume..."

Thanks! Yeah, I missed the 17.2 g. Makes sense now.

 

[spencer rifle]

Ended up being $28 per coin/round premium.

 

[DoggyDaddy]

Ended up being $28 per coin/round premium.

Nice! I saw they had the 1 oz. coins/rounds too that were a good price.

 

[spencer rifle]

It took some research to find that they are actually full ounce and half-ounce instead of just that much .9. These and the first spouses issues can be low-premium "gold mines."

 

[ancjr]

I have some silver pesos that are an odd % of silver and not an even troy oz either. It takes a lot of math to figure the value.

 

[snorko]

What's the Fineness/Composition mean then? I thought the .900 was 90%, as opposed to .999 or .9999.

Similar to the U.S. gold Eagle and gold Buffalo. They both contain 1 tr oz of gold but the Buffalo is .9999 and the eagle is .999. The Eagle is alloyed with copper(?) to enhance hardness and durability.

That's why i like Krugerands. Not only are they super well known throughout the world, but they were minted with actually being circulated in mind, so they have a hefty dose of copper and such. Gives them a cool color as well.

 

[ancjr]

Someone is expecting something in the days ahead...

 

[ancjr]

"The United States Mint will not strike 2022 Morgan or Peace dollars, with Mint officials identifying silver planchet shortages as the reason for the cancellation of the planned coins."

Breaking news: No 2022 Morgan or Peace dollars

The United States Mint will not strike 2022 Morgan or Peace dollars, with Mint officials identifying silver planchet shortages as the reason for the cancellation of the planned coins.

www.coinworld.com

 

[ancjr]

Looking like a good day for PM's in foreign markets, especially Silver and Palladium.

Platinum and Gold not doing bad either.

 

[spencer rifle]

PMs climbing up again. Don't know whether to feel good because I bought low or to feel bad because I will have to wait who knows how long before another buying opportunity.

 

[ancjr]

PMs climbing up again. Don't know whether to feel good because I bought low or to feel bad because I will have to wait who knows how long before another buying opportunity.

It's best viewed in the long term.

 

[spencer rifle]

It's best viewed in the long term.

Yes - volatility makes for poor mental health,

 

[ancjr]

Equities, in general, are inflated/overpriced now. Once there is a correction, big money will flow into PM's. It's just starting really.

 

[ancjr]

"War in Ukraine" in market context.

 

[teddy12b]

I've been noticing the price of silver rising steadily and was thinking of buying some just to watch the price drop shortly after I take possession of it. Might be my turn to take one for the team again.

 

[ancjr]

The gist of the chart above is that when the chart is increasing, gold is outperforming the Dow and when the line is decreasing, the Dow is outperforming gold. I'll leave it to you to decide what part of the Dow/Gold cycle we're currently in.