buying platinum at the spot price
yawnmoth
platinum-nears-gold-silver-below-10-and-oil-under-70/>, Platinum
closed at $900 on (I assume) the New York Mercantile Exchange. My
question is... how can I buy Platinum at that price? Could I buy an
American Eagle Platinum coin at that price?
Also, why would commodities like platinum and gold be dropping as they
are? It seems to me like their growth should be inversely
proportional to the stock market? Maybe it's because (and I'm just
guessing) people tend to sell stocks to raise the funds to buy gold
and that since stocks are selling for less, they're having less to
spend on commodities?
Arizona Coin Collector
On you posting below.
When it comes to buying coins from the United
States Mint, it is a "take-it" or "leave-it"
on the Price. There is no haggling or bartering
on the price. The same can be said with most
Coin dealers, or Coin Sellers.
We are in a recession. Such metals like
Platinum, Palladium, Silver, and Gold are
Used in industrial applications. Autos use
Platinum, and Palladium in catalytic
Converters. The electronics industry
Used Gold and Silver on circuit cards. If
The global demand is down due to lower
Metal demands, the cost goes down.
While the DOW, S&P-500, and NASDAC closed
up this Thursday, we are in for a very long
recession.
You can buy at the spot price on the
Secured web link below from Kitco.
This would not be in Coins.
https://online.kitco.com/bullion/completelist.html
--------------------------------------------------------
"yawnmoth" <terr...@yahoo.com> wrote in message
news:b185f682-7d49-44bf...@l62g2000hse.googlegroups.com...
Gone
Ditto on that one - Kitco is a very good place to buy bullion of any
form they carry at near spot prices (very small premium). They are
reputable.
Trevor Holyoak
fluctuations that they do honor. Here is the one from Monday, with
subscription and buying information at the bottom:
> Good Morning
>
> Precious metals prices rose on Monday, edging up from Friday's deep dive as the dollar eased against the euro following an agreement by European leaders on steps to rescue the banking sector.
>
>
> October 13, 2008
> Gold Spot 853.20 +3.30 Change
> Buy Sell
> Eagle 1 oz 886.20 933.20
> K-Rand 1 oz 867.20 923.20
> M-Leaf 1 oz 852.20 921.20
>
>
> Silver Spot 10.66 +.49 Change
> Buy Sell
> Rounds 11.41 13.26
>
> 90% Bags 8,320 9,500
> Silv. Eagle 2008 12.47 13.92
>
>
> Platinum Spot 989.00 +2.00 Change
> Buy Sell
> Eagle 1 oz 906.20 1,062.70
>
> These are indications only as prices will fluctuate throughout the day.
> For trading, please call 1-800-343-7878.
>
>
>
>
>
> You are receiving this newsletter because you specifically requested
> addition to the list. If you did not subscribe, or wish to UNSUBSCRIBE,
> please CLICK on the very LAST LINK in
> this email. This link will take you directly to our MarketWatch newsletter page TO UNSUBSCRIBE your email address.
>
> As always, Rust Coin does not sell or solicit to anyone on this list.
> Subscriptions are FREE to those that have subscribed on our website.
> WEBSITE: http://www.rustcoin.com
> CALL: 1-800-343-7878
> QUESTIONS: gr...@rustcoin.com
> ADDRESS: 252 East 300 South, Salt Lake City, UT 84111
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Paul Ciszek
In article <ucCdncgrDb3tbGrV...@earthlink.com>,
>Platinum, Palladium, Silver, and Gold are
>Used in industrial applications. Autos use
>Platinum, and Palladium in catalytic
>Converters. The electronics industry
>Used Gold and Silver on circuit cards. If
>The global demand is down due to lower
>Metal demands, the cost goes down.
Do industrial consumers of these metals pay the commodity "spot" price
or do they have a supply chain independent of the speculators?
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