Posted on 04/24/2013 1:11:26 PM PDT by shove_it
The price movement of gold often attracts a great deal of attention. When the precious metal makes a noticeable increase, it regularly leads to perma-bulls calling for the next great explosion. On the other hand, any dips or corrections lead to critics calling for an end to the 12-year bull market. Both sides are debatable, but there is clearly an interest in gold and silver at the U.S. Mint. ~snip~ Due to heavy demand, the U.S. Mint has halted sales of the one-tenth ounce American Gold Eagle, its smallest-denomination gold bullion coin. This is the first time the Mint has stopped selling a gold product since November 2009, according to dealers and Reuters. So far in April, it has sold 183,500 ounces of gold product, more than the previous two months combined...
(Excerpt) Read more at wallstcheatsheet.com ...
Hmmmm.....
The U.S. Government has a commitment to give foreign countries their vaulted gold back; One 1/10th oz. coin at a time. LOL
It would be nice to know why. A they out of raw material? All I know is I’m not clicking through to some unknown blog to find out.
That was my first thought too...
This would not surprise me at all.
FTA ...
“Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating,” explains Shane Bissett, director of bullion and commemorative coin at the Royal Mint, to Bloomberg. “The Royal Mint continues to supply to its customers and is increasing production to accommodate the higher demand.”
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Apparently the Brits are not challenged by increased demand.
When the US government is no longer willing to exchange gold for dollars, um... shouldn’t we be worried?
Looking at the details, it is only the one-tenth ounce version that is currently being halted.
Yes. They are out of the small, 1/10th round blanks. They only make 355k of them a year. They sold out and need to get more. It is simply more efficient to make the larger coins.
This is “news.” But it’s not really “NEWS!!!”.
Lemme guess.....a Sea Gull got offended, right?
whats this guy talking about
you can go to their site and order Proof coins right now
Yep -- They might be on the verge of exchanging lead for silver & gold (i.e. wealth confiscation).
If gold coins are accepted again as standard currency, how will they force people to accept paper dollars?
If they cannot force paper dollars, how can they inflate the money supply?
Catch 22
Not sure if they ran out of 1/10th oz blanks, but this sounds like they are maximizing production to help meet the massive demand. You can pump out more ounces from a limited number of presses when they’re making 1 oz coins instead of 10th ounce coins.
Goldbug ping.
Those are the collector coins. The article is about bullion sales.
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