đš THIS IS ABSOLUTELY INSANE
This morning, the United States Mint was selling platinum coins at $2,345/oz on its website.
Timeline đ
âą 6:30 AM ET â Platinum price breaks above $2,345/oz
âą 10:15 AM ET â Platinum spikes to $2,470/oz
âą US Mint price unchanged at $2,345/oz
Thatâs nearly 5% below the live market price.
As traders noticed the gap, they started buying coins directly from the US Mint â
then flipping them for an instant ~5% arbitrage gain.
đž Result:
This likely cost the U.S. government millions of dollars, depending on how many coins were sold before the pricing error was caught.
đ Big picture:
The precious metals rally has officially entered US government arbitrage mode.($BNB ,$XRP $ETH )
Even the US Mint didnât see this coming.