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WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!

 
THE WTF GUY !!
User ID: 472293
Mexico
08/15/2008 06:17 PM
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WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
U.S. mint suspends gold coin sales; futures price is a fiction
Submitted by cpowell on Fri, 2008-08-15 04:27. Section: Daily Dispatches
12:25a ET Friday, August 15, 2008

Dear Friend of GATA and Gold:

The U.S. Mint has suspended sales of American eagle gold coins and is refusing orders from dealers, two coin and bullion dealers confirmed Thursday.

The mint's suspension of gold coin sales follows its tight rationing of sales of silver eagle coins, begun in May, when sales to the public were terminated and sales to the mint's 13 authorized dealers were tightly limited.

Word of the mint's suspension of gold coin sales came from the American Precious Metals Exchange in Edmond, Oklahoma, ( [link to apmexdealer.blogspot.com] and from Centennial Precious Metals in Denver, Colorado.

The suspension is overwhelming evidence that the futures contract price of gold on the commodities exchanges is substantially below the physical market price and that, indeed, the commodities exchanges are being used as GATA long has maintained -- as part of a massive scheme of manipulation of the precious metals, currency, and bond markets.

Michael Kosares, proprietor of Centennial Precious Metals and host of its Internet bulletin board, the USAGold Forum ( [link to www.usagold.com] explained Thursday:

"The U.S. Mint buys direct from the refiners, and this suspension of gold eagle sales may be an indication that the supply line is already backing up, or that the mint expects that it will back up for the rest of the year. I wonder who would give up physical metal at these prices and under these circumstances except distressed sellers. The central banks are in a hunker-down mode as far as I can determine, and it's the mines that supply the refiners. So if the mint, which buys from the refiners, is having a difficult time locating metal, what does that tell you? I keep saying that we may get a surprising rubber-band effect later in the year when the pre-holiday/festival season kicks off in September/October. It may happen sooner. One of our indicators of approaching a bottom in gold is how many calls Centennial Precious Metals gets from our U.S.-based Indian clientele. Here's a quote from my office's report to me at the end of the day today: 'Today was a good day. ... There must have been an Indian convention where someone was handing out USAGold business cards.' That may give you a clue as to thinking in India proper and probably the rest of the Asian rim."

That is, through their agents the bullion banks the Western central banks, desperate to prop up a corrupt and totteringt financial system, have put gold so much on sale that even the U.S. Mint can't find any now. The price reported from the commodities markets is a fiction -- a scary one, perhaps, but a fiction no less.

You can strike a blow at the market riggers who are defrauding the world -- just buy a little real metal. The dealers listed at the bottom right of this dispatch will be glad to help you do it.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
LS

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08/15/2008 06:18 PM
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Re: WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
:pandaknigh:
Anonymous Coward (OP)
User ID: 472293
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08/15/2008 06:20 PM
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Re: WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
Thanks LS, it was about time !!
You finally find your life mission : spamming !!
chuckle
Anonymous Coward
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08/15/2008 06:25 PM
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Re: WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
Why is gold so important?

Whats in this metal that is so valuable?
Is it just a basis for currency, or is there more to it.
Why is it hard to get when it should be on the market. Usually when something is reduced in price it means it is availible, at least thats the way the economy used to work.

Anyone ever hear of monotomic gold?
Anonymous Coward (OP)
User ID: 472293
Mexico
08/15/2008 06:27 PM
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Re: WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
Why is gold so important?

Whats in this metal that is so valuable?
Is it just a basis for currency, or is there more to it.
Why is it hard to get when it should be on the market. Usually when something is reduced in price it means it is availible, at least thats the way the economy used to work.

Anyone ever hear of monotomic gold?
 Quoting: Anonymous Coward 485457



GOLD IS THE ONLY TRUE/REAL MONEY !!!
GOT THAT ??

hiding
Anonymous Coward
User ID: 481917
United States
08/15/2008 06:30 PM
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Re: WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
The gold bugs attempt to stop the crashing of gold by making up stories and spinning the news will fail. The price of gold is going down, and it will for some time, because THE END IS NOT NIGH.
Anonymous Coward
User ID: 369260
United States
08/15/2008 06:31 PM
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Re: WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
Why is gold so important?

Whats in this metal that is so valuable?
Is it just a basis for currency, or is there more to it.
Why is it hard to get when it should be on the market. Usually when something is reduced in price it means it is availible, at least thats the way the economy used to work.

Anyone ever hear of monotomic gold?



GOLD IS THE ONLY TRUE/REAL MONEY !!!
GOT THAT ??

hiding
 Quoting: Anonymous Coward 472293

Real money,in a currupt system that can manipulate the price anytime it wants.Thats why I got out.Now the 5000 I invested in my harley makes it worth 20 thousand and I only paid 7000.Maybe harleys that are tweaked is a better bet in a society that is so materialistic.Or maybe it the MPG hiding
Anonymous Coward
User ID: 350181
United States
08/15/2008 06:40 PM
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Re: WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
Suspending the sale of gold coins a pretext for gold confiscation. Same shit FDR did in 1933.

If you got any gold, get it out of the country or bury it. If you buy any, make sure you buy it off the books so it doesn't get reported to the Feds.

If you want to invest your money in something, invest in guns, ammo and food and hide them good. The New World Order's about to drop the hammer on the American people.
anonymous
User ID: 485154
United States
08/15/2008 06:43 PM
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Re: WTF !! WTF !! GOLD CRASHING BUT U.S MINT SUSPENDS GOLD COIN SALES !!!
jewery sales are tanking everywhere because gold jewery is out of reach to 75 paecent of population globally ..jewery manufactors account for 50 percent of all raw gold purchases to jewery manufactures......if supply demand with dreaded inflated cost of raw gold continues, then sales plumet from overpriced items .while consumers are struggling with food fuel issues.leaving little for frivilous purchases....in major recessions gold finnally nose dives ..approx.high. 800.00 high in early 80s to 450.00 in mid 80s then approx 360.00 at 911 attack in 2001.......half of all gold is purchased for jewery markets .overpriced gold shuts down affordability in jewery markets .....
Anonymous Coward
User ID: 322321
Mexico
08/15/2008 08:08 PM
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hiding

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