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Thread: Anyone Know Why So Many Countries Lack 1 Troy Ounce Bullion Coins?

  1. #1

    Default Anyone Know Why So Many Countries Lack 1 Troy Ounce Bullion Coins?

    https://youtu.be/G7LCEvmOO54

    Many nations with perfectly capable mints aren't taking advantage of the market for these sovereign silver bullion coins. Does anyone know why?
    "Compulsory altruism is none too altruistic." - me

    "All of us necessarily hold many casual opinions that are ludicrously wrong simply because life is far too short for us to think through even a small fraction of the topics that we come across." -- Julian Simon

  2. #2

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    Quote Originally Posted by windweaver77 View Post
    ... Does anyone know why?
    My mind is ... blank.

    Thank you, thank you! I'll be here all week and don't forget to tip your waitress.

    (I don't actually have any idea - just wanted to have some fun)
    A journey of a thousand miles must begin with a single step. -Lao Tzu

  3. #3
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    I'll venture a few guesses...Late to the party (can't compete)market share is already basically established. Don't have or can't source the metal effectively. Don't want to give up metal on hand. OR don't give a chit.
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  4. #4

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    Quote Originally Posted by Ag guy View Post
    I'll venture a few guesses...Late to the party (can't compete)market share is already basically established. Don't have or can't source the metal effectively. Don't want to give up metal on hand. OR don't give a chit.
    But there is so much party to have
    "Compulsory altruism is none too altruistic." - me

    "All of us necessarily hold many casual opinions that are ludicrously wrong simply because life is far too short for us to think through even a small fraction of the topics that we come across." -- Julian Simon

  5. #5

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    They prefer gold. A good text book case is India with very little demand for coin and bar. I'm sure this has changed in recent years, as India has recently over taken the U.S. for silver bullion demand. Many I meet from India like gold jewelry as it's a nice way to move money in between countries. They don't want people to get any ideas about using bullion over the local fiat either.

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