This is absolutely insane.
This morning, the US Mint had platinum coins listed at $2,345 per ounce.
By about 6:30 AM ET, spot platinum surged past that mark and continued soaring, reaching around $2,470/oz by mid-morning.
The Mint's website price stayed frozen.
Once traders spotted it, pure arbitrage kicked in: scoop up coins from the US Mint at $2,345, flip them into the open market for ~5% more.
Depending on how much volume got through, this probably bled the US government millions before they updated pricing.
The precious metals bull run has gone so vertical that even sovereign mint pricing couldn't react in time.
Government-backed arbitrage opportunity? Definitely not on my 2025 bingo card.
