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U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS

 
WTF WTF GUY!
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U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold!
Once again the U.S. mint has had to suspend sales of all its one-ounce gold coins, and some fractional ones too, as its supplies of physical gold cannot meet the demand.

Author: Lawrence Williams
Posted: Monday , 07 Dec 2009

LONDON -


"The United States Mint has depleted its inventory of 2009 American Buffalo One Ounce Gold Bullion Coins. ... No additional inventory will be made available. As additional information becomes available regarding 2010-dated American Buffalo One Once Gold Bullion Coins, you will be notified." So said a memorandum issued Friday to authorized purchasers of U.S. Mint gold coins and reported by Jim Sinclair..

Mineweb reported only two weeks ago, on November 25th, the suspension of sales of American Gold Eagle coins by the Mint - U.S. Mint suspends American Eagle 1-ounce gold coin sales - again, which, at the time, reckoned such sales would be resumed early this month - but in the event, not only is the suspension of the Gold Eagle coin sales continuing, but also now the American Buffalo one ounce gold coin sales have also been suspended, with no new sales now planned until some time in 2010 - although the current sharp fall in the gold price may provide the Mint with a bit of respite from its supply/demand woes.

But supply problems also persist with smaller gold coins, particularly given the enormous demand for fractional sized gold coins following the suspension of the one ounce Gold Eagles. Thus the Mint was forced to issue a second memo on Friday saying "the American Eagle Gold Tenth-Ounce Coin inventory was depleted" and that "inventory for the half-ounce and quarter-ounce coins remains very limited." Following the sale of these remaining gold coins on Friday, the Mint anticipated that it would again offer all fractional sizes by mid-December, but in an allocation process.

On a more positive note for the Mint, the resumption of American Silver Eagle bullion sales will resume today. These silver coins were suspended along with the one ounce gold coins a week ago - also due to depletion.

The Mint had been trying to control sales by not releasing the 2009 coins for sale until late in the year - they are usually available throughout the year, but demand has proven to be enormous. This doesn't mean though that coins are not available to the U.S. public as some authorized dealers will continue to hold stocks, although these are being depleted rapidly and premiums charged on sales are increasing.

According to a report on website Coinupdate.com "The US Mint began sales of fractional weight American Gold Eagle bullion coins on December 3, 2009.... These fractional Gold Eagles are typically available throughout the year, but this year the Mint delayed the release to focus production on the one ounce bullion coins. After only one day of availability, the US Mint recorded sales of 56,000 of the one-half ounce coins, 58,000 of the one-quarter ounce coins, and 260,000 of the one-tenth ounce coins. They have indicated that the inventory for one-tenth ounce coins has already been depleted and the inventory for one-half and one-quarter ounce coins is limited. The remaining limited inventory will be offered via the US Mint's standard allocation process and additional inventory is expected to be available in mid-December."

While the shortage of U.S. Mint offerings due to demand exceeding supply is, in reality, not that significant in terms of global gold sales it does demonstrate the extent to which demand for easily available physical gold has increased over the past two years. Some of this has been the ever increasing interest by the U.S. public in gold in general and also a certain amount of distrust generated by some commentators as to whether the various ‘paper gold' offerings were secure.



[link to mineweb.co.za]


SOMEONE IS BUYING GOLD AT THE DUBAI LOWS
dance
Anonymous Coward (OP)
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12/07/2009 04:54 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
bump
Only Me
...there is no you

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12/07/2009 04:54 PM

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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
Hi WTF guy!!!
Here is where I look back.
Here is where you fell.
This is where I got up,
Shaking off my tail
This is where your rope trick
Started to look stale.
A greyhound pass for the boy in the well.

Anonymous Coward (OP)
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12/07/2009 04:55 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
Hi WTF guy!!!
 Quoting: Only Me



Hi we all are WTF guy here in GLp! hf
Anonymous Coward
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12/07/2009 04:59 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
But hey -- take heart -- the US mint might just begin selling gold plated tungsten one-ounce coins!

Have you checked your bullion or coins for counterfeit junk?
Anonymous Coward
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12/07/2009 05:00 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their shiny yellow metal will continue its exorbitant yearly price increases.

Stock Brokers, Retirement Fund Managers, and anyone who does not speculate now on an overpriced commodity will not be able to afford the $1,000,000.00 for a new filling, let alone a new watch or necklace.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
bill shitters

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12/07/2009 05:00 PM

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this story sounds very familiar just a different day
The retired thread killer


Still the killa of threads

we come in peace shoot to kill
[link to au.youtube.com]

I can not talk TO aliens but do listen to the anally probed
Nailer45

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12/07/2009 05:04 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
this story sounds very familiar just a different day
 Quoting: bill shitters

I think this is what you were thinking of.

More Evidence Gold is Being Hoarded as Comex Fulfills Gold Contracts With Paper

COMEX now refuses to deliver gold for it's contracts. Instead, it will deliver PAPER! When a commodity exchange refuses to, or cannot, deliver the commodity it sells options for, isn't that a defacto default? They can parse words and spin it any way they want to - it is what it is.

My bet that by 2020 we will return to some form of gold standard is looking better. Something is up when gold is being hoarded to such an extent that the futures exchanges cannot fulfill with metal but have to try to stiff the contract holder with paper. Now, they have done this in the past, and gotten away with it, but according to this story, never so aggressively.

Prof. Antal Fekete has been on this story for several months, and has set forth in some detail how the gold basis is being manipulated, perhaps because of hoarding. (The basis is the delta between the cash price and the next futures price.) Yves has had several posts on Gold Panic, and it is consistent with the good Professor’s analysis.

Another aspect of this story is the collapse of Barrick’s hedging strategy. Barrick Gold (ABX) is the largest gold mining company and had been following a really dumb hedging strategy which had been to take naked short positions (shorting gold they did not possess). In a world of gold hoarding, they may not be able to cover, even at a loss. The strategy was so risky that a conspiracy theory had evolved that Barrick was front-running the US government to keep the gold price down. Lending support to this is the question: why would a gold production firm try to cap the gold price? An answer which does not require the conspiracy is that Barrick had less gold in the ground than it wanted to reveal, and so was engaged in a confidence game of the first order. The weak Dollar (driving gold up) and the hoarding has called their bluff.





[link to wallstreetpit.com]
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
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12/07/2009 05:06 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their shiny yellow metal will continue its exorbitant yearly price increases.

Stock Brokers, Retirement Fund Managers, and anyone who does not speculate now on an overpriced commodity will not be able to afford the $1,000,000.00 for a new filling, let alone a new watch or necklace.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
 Quoting: Anonymous Coward 780042

Priced out of what?At the snap of a finger the can make gold worthless
Anonymous Coward
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12/07/2009 05:07 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
Hi WTF guy!!!
 Quoting: Only Me


like your avator.
Anonymous Coward
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12/07/2009 05:07 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
Why the fuck is this news coming from LONDON?
Don't we have any newspapers in the US? Or are all the US paperjerks in Copenhagen?
Nailer45

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12/07/2009 05:11 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
now that the cat is out of the bag Gold prices shoould be soaring sky high ( supply VS Demand ) and if comex cant fill orders and the US mint has suspended production of gold coins then those that are awake will see the results while the sheeple watch american Idol/dancing with the stars and remain comatose .
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward (OP)
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12/07/2009 05:12 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
thanks for the pin
hf
Anonymous Coward (OP)
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12/07/2009 05:12 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
now that the cat is out of the bag Gold prices shoould be soaring sky high ( supply VS Demand ) and if comex cant fill orders and the US mint has suspended production of gold coins then those that are awake will see the results while the sheeple watch american Idol/dancing with the stars and remain comatose .
 Quoting: Nailer45


bump eloquent smart sheep talking here
Anonymous Coward
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12/07/2009 05:13 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
Why the fuck is this news coming from LONDON?
Don't we have any newspapers in the US? Or are all the US paperjerks in Copenhagen?
 Quoting: Anonymous Coward 835543



London is ... well... London.
Anonymous Coward
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12/07/2009 05:14 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
now that the cat is out of the bag Gold prices shoould be soaring sky high ( supply VS Demand ) and if comex cant fill orders and the US mint has suspended production of gold coins then those that are awake will see the results while the sheeple watch american Idol/dancing with the stars and remain comatose .


bump eloquent smart sheep talking here
 Quoting: Anonymous Coward 811406


I am telling ya,everything is fixed and controlled.If you aint on the inside,your on the outside.If this wsnt not correct.We would all be rich
bill shitters

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12/07/2009 05:15 PM

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[link to www.lesjones.com]
The retired thread killer


Still the killa of threads

we come in peace shoot to kill
[link to au.youtube.com]

I can not talk TO aliens but do listen to the anally probed
Anonymous Coward
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12/07/2009 05:16 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
Why the fuck is this news coming from LONDON?
Don't we have any newspapers in the US? Or are all the US paperjerks in Copenhagen?
 Quoting: Anonymous Coward 835543


Hmmm. Where are the lizards located (HQ)? Who stands to benefit from manipulation?

I smell a rat and never believe anything from london.
Anonymous Coward (OP)
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12/07/2009 05:18 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
Why the fuck is this news coming from LONDON?
Don't we have any newspapers in the US? Or are all the US paperjerks in Copenhagen?



London is ... well... London.
 Quoting: Anonymous Coward 835773



bump

this sheep knows about disinformation centers.
Anonymous Coward
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12/07/2009 05:27 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
CALM DOWN FAKE WTF GUY !!
APMEX HAS 789 1 OZ GOLD COINS !!

[link to www.apmex.com]
Anonymous Coward (OP)
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12/07/2009 05:40 PM
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CALM DOWN FAKE WTF GUY !!
APMEX HAS 789 1 OZ GOLD COINS !!

[link to www.apmex.com]
 Quoting: Anonymous Coward 835754



OH MY GOD there are only less than 1 million dollars in gold coins. that`s nothing. there is no gold in America :(
acer51

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12/07/2009 05:46 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
This explains why gold is going down? wtf

They also suspended silver, both done last week!

WTF! Old news.

From the US Mint.

Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Proof Coins will not be produced.

Update: Due to the continued, sustained demand for American Eagle Gold Bullion Coins, 2009-dated American Eagle Gold Proof Coins will not be produced.

Last Edited by acer51 on 12/07/2009 05:51 PM
Anonymous Coward (OP)
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12/07/2009 05:56 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
This explains why gold is going down? wtf

They also suspended silver, both done last week!

WTF! Old news.

From the US Mint.

Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Proof Coins will not be produced.

Update: Due to the continued, sustained demand for American Eagle Gold Bullion Coins, 2009-dated American Eagle Gold Proof Coins will not be produced.
 Quoting: acer51


electronic manipulated gold price is goind down.

don`t forget the real world for gold and silver kid charlie
Anonymous Coward
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12/07/2009 05:57 PM
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Anonymous Coward
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12/07/2009 06:01 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
This explains why gold is going down? wtf

They also suspended silver, both done last week!

WTF! Old news.

From the US Mint.

Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Proof Coins will not be produced.

Update: Due to the continued, sustained demand for American Eagle Gold Bullion Coins, 2009-dated American Eagle Gold Proof Coins will not be produced.
 Quoting: acer51

It's not old news asshole.It just happened idiot.Go away.
pixie
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12/07/2009 06:02 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
China's been buying up Gold in substantial quantities.

Last time a debt was called in, The US Mint paid out in Gold Bars, to France.

And, the last time We The People were given the actual value amount or quantity of Gold Bars held within The US Mint was in the '70's I believe.

But, the amount had substantially dwindled since the 40's.

They've robbed The Mint !!!

PS I heard on Jim Bohanon Show, people were selling their gold fillings ! So, it begins and has come to this.



uhoh
Anonymous Coward (OP)
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12/07/2009 06:02 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
This explains why gold is going down? wtf

They also suspended silver, both done last week!

WTF! Old news.

From the US Mint.

Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Proof Coins will not be produced.

Update: Due to the continued, sustained demand for American Eagle Gold Bullion Coins, 2009-dated American Eagle Gold Proof Coins will not be produced.

It's not old news asshole.It just happened idiot.Go away.
 Quoting: Anonymous Coward 271280



bump

a sheep who hates shills and kitco-paid disinfo agents.
acer51

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12/07/2009 06:03 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
This explains why gold is going down? wtf

They also suspended silver, both done last week!

WTF! Old news.

From the US Mint.

Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Proof Coins will not be produced.

Update: Due to the continued, sustained demand for American Eagle Gold Bullion Coins, 2009-dated American Eagle Gold Proof Coins will not be produced.

It's not old news asshole.It just happened idiot.Go away.
 Quoting: Anonymous Coward 271280



Hey fuckhead I got email from Apmex last week about it.

so

bushfing

Last Edited by acer51 on 12/07/2009 06:08 PM
Anonymous Coward (OP)
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
we are talking about the US MINT which is the big deal ok kid? charlie
Anonymous Coward
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12/07/2009 06:06 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
But hey -- take heart -- the US mint might just begin selling gold plated tungsten one-ounce coins!

Have you checked your bullion or coins for counterfeit junk?
 Quoting: Anonymous Coward 835711

ohyeah
acer51

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12/07/2009 06:06 PM
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Re: U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold! !!! PIN THIS
SEE THE DATE, READ THE FIRST PARAGRAPH

This news was out last week. All I am sayin!

[link to apmexdealer.blogspot.com]

Market Recap 11/27/09

11/27/2009 03:17:00 PM, Posted by APMEX, No Comment
In this shortened trading week due to the Thanksgiving Holiday, the United States Mint announced that sales of the 2009 Gold and Silver American Eagle One Ounce coins have been temporarily suspended because of the unprecedented demand for bullion. The U.S. Mint plans to resume production and sales of the Gold and Silver American Eagle coin programs once sufficient inventories can be acquired.

The U.S. Dollar came under more pressure this week as the central bank for the tiny island of Mauritius became the third such bank to buy Gold in the past month. Mauritius bought 2 metric tons, worth $71.7 million dollars, from the International Monetary Fund (IMF). This purchase followed in the footsteps of the central banks of India and Sri Lanka. Additionally India’s central bank said it is open to buying more Gold from the IMF. Speculation that even more central banks could buy Gold has helped fuel Gold’s recent surge to almost $1,200.00 per ounce.

The Wall Street Journal reported on Tuesday that nearly one in four U.S. borrowers owes more on their mortgage than their home is worth. The newspaper said almost 10.7 million households, or 23% of all mortgage holders, were "under water" in the third quarter. Another 5.3 million homeowners have mortgages that are 20% higher than the value of their homes, as prices have dropped significantly since the start of the recession. This is a bothersome sign that the housing market could be threatened by a new wave of defaults in the near future.

On Friday, Dubai World, the Emirate’s investment vehicle, was looking to suspend repayments on all or part of its $59 Billion debt to various world banks. This news lowered prices in both the precious metals and stock markets the day after the Thanksgiving Holiday, as investors looked to put their cash into safer havens. Historically, the stock market does not slump the day after Thanksgiving. In fact, between 1999 and 2008, the market has seen just two down days on the day after Thanksgiving. This news coupled with continued lower consumer sentiment and a 25-year high in the unemployment rate seemed to discourage talks of economic recovery.

APMEX hopes you had a Happy Thanksgiving and reminds you to keep an eye out for our 2nd Annual “12 Days of Christmas” sales event that begins on Monday, November 30th. You do not want to miss this great opportunity to save money on your favorite bullion and numismatic items this holiday season.

News








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