Godlike Productions - Conspiracy Forum
Users Online Now: 1,233 (Who's On?)Visitors Today: 471,158
Pageviews Today: 591,119Threads Today: 97Posts Today: 2,413
04:43 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins

 
gebahie

User ID: 10118097
United States
04/23/2013 03:44 PM

Report Abusive Post
Report Copyright Violation
US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins
We have been reporting extensively on the terminal disconnect between the paper gold market, which tumbled ten days ago for a variety of reasons, and the physical gold market which one can safely say, has seen a record surge in demand by those who wish to take advantage of the tumbling prices, depleting inventories of gold and silver in virtually all jurisdictions, and leading to the a record purchase of gold in the US mint a week ago as also reported here.

Today, we learn that, as expected, none other than the US Mint has officially run out of small denomination gold coins, in this case One-Tenth ounce American Eagle gold bullion coins. We are confident this incontrovertible proof of soaring retail demand for physical will somehow result in JPM or another bullion bank dumping a few extra thousands ounces of paper/electronic gold or silver to further disconnect the paper price from what is actually going on with physical demand. As for the US Mint, first it's fractions of an ounce: look forward to the mint running out of all bullion denominations in the coming days and week, first in gold, then in silver as well.

[link to www.zerohedge.com]
Anonymous Coward
User ID: 38719516
United States
04/23/2013 04:02 PM
Report Abusive Post
Report Copyright Violation
Re: US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins
2013 American Eagle One-Tenth Ounce Gold Proof Coin (GA4) In Stock $200.00 10 $2,000.00

Nope, they are IN Stock.
Anonymous Coward
User ID: 38719516
United States
04/23/2013 04:02 PM
Report Abusive Post
Report Copyright Violation
Re: US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins
Link:
[link to catalog.usmint.gov]
Punk-A$$ets

User ID: 30559668
United States
04/23/2013 04:36 PM

Report Abusive Post
Report Copyright Violation
Re: US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins
Look at the premiums for XF and AU $20 gold. Its incredible. Never seen anything like it. Now, imagine the incredible physical demand if and when gold and silver are smacked down a lot further with paper. THAT, I think, is why this smack down is a blessing. All the speculators will be gone and we'll see a genuine bottom in metals. Then, as we trend higher, those same speculators will pile back in. All this, IMO, is still going to take a few years to unfold.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.

News