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Tecumseh | 11-25-2009 06:26 PM
US Mint to suspend GAE production Per D-bag central (CNBC) http://www.cnbc.com/id/34153788

HistoryStudent | 11-25-2009 07:41 PM
Re: US Mint to suspend GAE production Gee I'm shocked! :ok: They shipped MINE tonight - the BUFFALOS a week late... IMVHO there might really be SHORTAGES in the retail market(s) with matching premiums to match - COME 2010 - one MONTH away. They might stop sales but they'll produce PLENTY to swamp the markets next December 2010 - like this year for twice what gold was at the beginning of this year. They NEVER want the little guy to have an even chance. Tell the wife it's LIKE: Dancing with the Banksters and they control the phones like HOLLYWEIRD!

47Protons | 11-26-2009 11:58 AM
Re: US Mint to suspend GAE production Quote:
Originally Posted by Tecumseh (Post 2044916) Per D-bag central (CNBC) http://www.cnbc.com/id/34153788
The article says they are suspending SALES, not production. "The U.S. Mint said Wednesday it will suspend sales of the popular American Eagle 1-ounce bullion coins as rising demand depleted its inventory." "The United States Mint has depleted its current inventory of 2009 American Eagle 1-ounce gold bullion coins due to the continued strong demand for this product," the Mint told its authorized dealers in a memorandum on Wednesday. "The Mint said it expects to resume sales in early December." The rest of the article is background, old news, or opinion. The headline you chose for your post is misleading.:thumpdown

Rebel Yarr | 11-27-2009 02:49 PM
Re: US Mint to suspend GAE production ^^ Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Uncirculated Coins will not be produced. http://catalog.usmint.gov/webapp/wcs...category=10191

HistoryStudent | 11-28-2009 01:46 PM
Re: US Mint to suspend GAE production I'd rather "see a little than hear a lot," they could start in 2009

livtocruz | 11-28-2009 04:56 PM
Re: US Mint to suspend GAE production Quote:
Originally Posted by HistoryStudent (Post 2048170) I'd rather "see a little than hear a lot," they could start in 2009 * those EIGHT gold eagles they did not make in Proof & Uncirculated * those EIGHT platinum eagles they did not make * those SEVEN Buffalos they did not make * that silver eagle proof This one really pisses me off. :36_1_28: They did make a BUFFALO this year at $1400 plus, right? Yippee Yippee Yippee I'm soooooooooooo glad :sarc: they did not make any in March when platinum gold and silver were half price - that way they make a LOT MORE money, right? YET!
Yea, why didn't they mint any coins in the spring? :s10:

Twisted Avatar | 11-28-2009 05:09 PM
Re: US Mint to suspend GAE production We are living in the most intresting of times. Thats for dam sure. T

Master_Ho | 11-29-2009 12:55 AM
Re: US Mint to suspend GAE production Quote:
Originally Posted by livtocruz (Post 2048322) Yea, why didn't they mint any coins in the spring? :s10:
Cause they couldn't get the rounds......... The laws say they they can only use gold that is recently brought out of US mines..........and the mines slowed down (for numerous reasons - production was harder, the lid on price not making it worth mining, etc.)......... At least - thats the story............ We can not rule out conspiracies at the Mint, ot selling metals cause the price might go up, etc......... However, bad planning and production processes seem to be closer to the mark! :wink:

HistoryStudent | 11-29-2009 10:54 AM
Re: US Mint to suspend GAE production Gee, "does YA THUNK 'dis FELLOW has it SPOT ON?" HS :5_1_120: ************************************************** ** Gold Versus the State -- Posted Friday, 27 November 2009 | Digg This Article | Share this article| Source: GoldSeek.com By: Adam Brochert It really is a war of this proportion. It really is the Gold holder versus "The State" when there is a paper fiat currency system in place. The U.S. Mint has suspended American Gold Eagle coin production AGAIN, citing rising demand (link here). My comment from the last piece I did when the U.S. Mint pulled this crap (see the link here for a decent rant from a year ago) remains appropriate in my opinion: Gold is an alternate currency. It competes with the paper promises of panicked politicians, which throughout history have yielded less than a junk bond and harbored three times the risk. Which investment do you think will hold up better going forward? Since that prior rant over a year ago, Gold is up about 35% or so and our currency is down around 9% - and I don't even have a PhD in paper economics like Paul Krugman! I am an adult with an education, not a vapid 6 year old child. If demand is too high for American Gold coins, BUY SOME MORE FREAKIN' GOLD TO KEEP UP WITH DEMAND! This, of course, is the mandate of the U.S. Mint, but anyhoo... Of course, anyone with the appropriate intellectual and analytical skills knows the high demand is not the problem for the U.S. Mint. The problem is that Gold ownership is anathema to a paper fiat regime, particularly in its later stages (i.e. towards the end of the road, as all fiat currencies go away and are replaced). If everyone starts clamoring for Gold and it's easy to get, then gosh darnit, fewer people will need to rely on the government for everything in their lives! This is bad for Big Government, Inc. - a menacing corporation that has shown a wonderful propensity for aggressive growth in any economic environment and regardless of whether democratic or republican "candidates" are in control. Why does the U.S. government not want to make it easy for you to own Gold? Because Gold is the enemy of the fiat state. Don't believe me? How about Sir Alan Greenspan (see here for more info on this classic piece before Greenspan "sold out"): ...The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists' tirades against [G]old. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the [G]old standard. OK, so now we know what the past chairman of the federal reserve thinks about Gold and why it is the enemy of the state. Expect more artificial shortages to be announced by the U.S. Mint as this Gold secular bull market rages onward and upward. And make no mistake, the shortages are unequivocally artificial and intentional. Against the War on Terror? Then you're a terrorist. Against the War on Drugs? Then you're a drug pusher and/or user. Hold physical Gold over U.S. Dollars? You have (knowingly or not) become an Enemy of the State as it currently exists. Funding the bankstaz physical metal short position by buying the paper GLD or SLV ETF? Good boy/girl! Gold is the money of choice in the "free" world. This process was intentionally subverted to benefit a select few. Gold is not always a good investment (there are times to be in cash [Gold] and times to invest in productive enterprises). Gold sucked as an investment from 1980 to 2000. But it is Gold's time now and you are advised to buy some physical Gold on the next correction to be held outside the realm of prying government eyes if you haven't already. It is not too late. Things will get worse before they get better and all global fiat currencies will be debased further before this secular stock and economy bear cycle is over. The only safe cash is that which cannot be debased, which eliminates every national currency in the world right now. Once the Dow to Gold ratio gets to 2 (it may well go below 1 this cycle), it will be time to start looking around for other opportunities. Until then, join the dark side of the investment world and put on a tinfoil hat (they're quite stylish really...). Visit Adam Brochert’s blog: http://goldversuspaper.blogspot.com Here's $6300 for you on major NEWS media - maybe that's why the MINT stopped? http://blogs.reuters.com/rolfe-winkl...g-gold-higher/ -- Posted Friday, 27 November 2009 |

Master_Ho | 11-29-2009 06:40 PM
Re: US Mint to suspend GAE production Quote:
Originally Posted by HistoryStudent (Post 2049227) Gee, "does YA THUNK 'dis FELLOW has it SPOT ON?" HS :5_1_120:
I have to respectfully disagree - tho I like him and he does have a point buried in there - one I have made too - (Of course, anyone with the appropriate intellectual and analytical skills knows the high demand is not the problem for the U.S. Mint. The problem is that Gold ownership is anathema to a paper fiat regime, particularly in its later stages) but here (AGAIN) is the point he and most here miss..........>> GOLD VERSUS THE STATE Friday, 27 November 2009 <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> By: Adam Brochert It really is a war of this proportion. It really is the Gold holder versus "The State" when there is a paper fiat currency system in place. The U.S. Mint has suspended American Gold Eagle coin production AGAIN, citing rising <o:p></o:p> My comment from the last piece I did when the U.S. Mint pulled this crap remains appropriate in my opinion: Gold is an alternate currency. It competes with the paper promises of panicked politicians, which throughout history have yielded less than a junk bond and harbored three times the risk. Which investment do you think will hold up better going forward? Since that prior rant over a year ago, Gold is up about 35% or so and our currency is down around 9% - and I don't even have a PhD in paper economics like Paul Krugman! I am an adult with an education, not a vapid 6 year old child. If demand is too high for American Gold coins, BUY SOME MORE FREAKIN' GOLD TO KEEP UP WITH DEMAND! This, of course, is the mandate of the U.S. Mint, but anyhoo... <o:p></o:p> <o:p></o:p> WHAT HE DOESN'T UNDERSTAND IS THAT THEY CAN ONLY - BY LAW - BUY GOLD THAT IS COMING OUT OF NEW AMERICAN MINES - THEY CANNOT JUST RUN OFF AND BUY GOLD! AND THE PRICE WAS SO SURPRESSED THAT MINERS WERE NOT BRINGING THE METALS UP! A little nowledge is a dangerous thing - here is a fine example!!!

HistoryStudent | 11-29-2009 07:38 PM
Re: US Mint to suspend GAE production Quote:
Originally Posted by Master_Ho (Post 2049978) I have to respectfully disagree - tho I like him and he does have a point buried in there - one I have made too - (Of course, anyone with the appropriate intellectual and analytical skills knows the high demand is not the problem for the U.S. Mint. The problem is that Gold ownership is anathema to a paper fiat regime, particularly in its later stages) but here (AGAIN) is the point he and most here miss..........>> GOLD VERSUS THE STATE Friday, 27 November 2009 <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> By: Adam Brochert It really is a war of this proportion. It really is the Gold holder versus "The State" when there is a paper fiat currency system in place. The U.S. Mint has suspended American Gold Eagle coin production AGAIN, citing rising <o:p></o:p> My comment from the last piece I did when the U.S. Mint pulled this crap remains appropriate in my opinion: Gold is an alternate currency. It competes with the paper promises of panicked politicians, which throughout history have yielded less than a junk bond and harbored three times the risk. Which investment do you think will hold up better going forward? Since that prior rant over a year ago, Gold is up about 35% or so and our currency is down around 9% - and I don't even have a PhD in paper economics like Paul Krugman! I am an adult with an education, not a vapid 6 year old child. If demand is too high for American Gold coins, BUY SOME MORE FREAKIN' GOLD TO KEEP UP WITH DEMAND! This, of course, is the mandate of the U.S. Mint, but anyhoo... <o:p></o:p> <o:p></o:p> WHAT HE DOESN'T UNDERSTAND IS THAT THEY CAN ONLY - BY LAW - BUY GOLD THAT IS COMING OUT OF NEW AMERICAN MINES - THEY CANNOT JUST RUN OFF AND BUY GOLD! AND THE PRICE WAS SO SURPRESSED THAT MINERS WERE NOT BRINGING THE METALS UP! A little nowledge is a dangerous thing - here is a fine example!!!
Gee, old BUDDY, I thought the GOOD ole USA was doing pretty good PRODUCING gold. My guess is that they OWE so much they can't afford to do what's lawful.. :111: http://www.goldsheetlinks.com/production.htm I'd rather see a little than hear a LOT. Not from you, my friend, from TPTB. 75 million ounces is a lot of GOLD EAGLES per year! I'm amazed. (10% of the world's production is in the USA!) "That'll be the DAY!"' John Wayne - The Searchers movie! :bulride::signs14:

Irons | 11-29-2009 07:45 PM
Re: US Mint to suspend GAE production WHAT HE DOESN'T UNDERSTAND IS THAT THEY CAN ONLY - BY LAW - BUY GOLD THAT IS COMING OUT OF NEW AMERICAN MINES - THEY CANNOT JUST RUN OFF AND BUY GOLD! AND THE PRICE WAS SO SURPRESSED THAT MINERS WERE NOT BRINGING THE METALS UP! They don't seem to have a problem breaking any other law they feel like.:smokin:

Master_Ho | 11-29-2009 09:33 PM
Re: US Mint to suspend GAE production Quote:
Originally Posted by HistoryStudent (Post 2050084) Gee, old BUDDY, I thought the GOOD ole USA was doing pretty good PRODUCING gold.
Not according to reports and numbers I have been seeing and posting - production is WAY down and, this spring, I was hearing about production slowdowns on Puplava's show too!! Quote:
My guess is that they OWE so much they can't afford to do what's lawful.. :111:
Well, there's the rub - some think the whole thing is a briliant conspriacy..........however I have watched and dealt the government long enough to know - they are not brilliant or clever.............so what for some is a conspiracy (and MIGHT really be, can't rule it out) is most probably just typical government disorganization and idiocy! Quote:
I'd rather see a little than hear a LOT. Not from you, my friend, from TPTB.
Once one loses their credibility - its almost impossible to gain it back - these morons lost it WAY back in the Bush administration with me.........I beLIEve nothing they tell me anymore! Just as well, their "modified" numbers are constantly revised three months later when no one is looking........... Quote:
75 million ounces is a lot of GOLD EAGLES per year! I'm amazed. (10% of the world's production is in the USA!)
People ARE running from paper - and paper gold - to the real stuff. I have never seen dealers so wiped out of stock as this year...........another reason I encouraged people to buy all the gold they could when the price was low - low price and supply just made sense to me! Quote:
"That'll be the DAY!"' John Wayne - The Searchers movie! :bulride::signs14:
“Truth, like oil, will in time rise to surface.” Charlie Chan - "Charlie Chan's Murder Cruise" :biggrin: JUST GOT THIS FROM THE LONDON TELGRAPH: Data from the World Gold Council shows that the number of retail investors buying gold in its physical form -- as opposed to investing in gold futures contracts or gold miners -- rose by 11 percent in the three months to September, compared to the previous three months.

Master_Ho | 11-29-2009 09:37 PM
Re: US Mint to suspend GAE production Quote:
Originally Posted by Irons (Post 2050102) WHAT HE DOESN'T UNDERSTAND IS THAT THEY CAN ONLY - BY LAW - BUY GOLD THAT IS COMING OUT OF NEW AMERICAN MINES - THEY CANNOT JUST RUN OFF AND BUY GOLD! AND THE PRICE WAS SO SURPRESSED THAT MINERS WERE NOT BRINGING THE METALS UP! They don't seem to have a problem breaking any other law they feel like.:smokin:
BLESS YOU - I AM SO GLAD YOU BROUGHT THIS UP.........SEE, YOU ACCIDENTLY STEPPED - AND SLID IN - THE REAL CRAP HERE!!! Why was that law set up?? No one really knows............ But here is an educated guess............. To adhere to the law about supply (and to break the mining law) would mean you could go to Fort Knox and use that gold............. Oh f*ck - then people would discover there WAS no gold in Fort Knox!!!!! Let's make a law that would keep them out of there............ OK - ONLY NEWLY MNED GOLD FROM AMERICAN MINES! WHEW! THAT WAS CLOSE!!!!! :wink:

HistoryStudent | 11-29-2009 10:25 PM
Re: US Mint to suspend GAE production I think you hit it old friend. You see when the US Treasury Secretary took office around Clinton he changed the GOLD held in TRUST for AMERICANS to CUSTODIAL GOLD (held for the custody of somebody, who?) Then the next JERK US Treas. Secretary took office he played cover their A$$ETS from going into the Federal CAN bigTIME! They changed it into - get this don't laugh :111: - "DEEP STORAGE GOLD." So now we have FORT KNOX basically as REALLY DEEP STORAGE GOLD. Now to little old DUMB me, that simply means: GOLD held for Americans in TRUST that is so deep in the BOWELS of America they are waiting to DIG it out, okay? :111::111: Because the CROOKS sold the rest!

Master_Ho | 11-29-2009 11:00 PM
Re: US Mint to suspend GAE production Quote:
Originally Posted by HistoryStudent (Post 2050448) GOLD held for Americans in TRUST that is so deep in the BOWELS of America they are waiting to DIG it out, okay? :111::111: Because the CROOKS sold the rest!
BINGO!!! IF THIS WERE A CASINO YOU WOULD HAVE JJUST BROKEN THE BANK!!!!!

Libertarian_Guard | 11-30-2009 02:30 AM
Re: US Mint to suspend GAE production Quote:
Originally Posted by HistoryStudent (Post 2050448) I think you hit it old friend. You see when the US Treasury Secretary took office around Clinton he changed the GOLD held in TRUST for AMERICANS to CUSTODIAL GOLD (held for the custody of somebody, who?) Then the next JERK US Treas. Secretary took office he played cover their A$$ETS from going into the Federal CAN bigTIME! They changed it into - get this don't laugh :111: - "DEEP STORAGE GOLD." So now we have FORT KNOX basically as REALLY DEEP STORAGE GOLD. Now to little old DUMB me, that simply means: GOLD held for Americans in TRUST that is so deep in the BOWELS of America they are waiting to DIG it out, okay? :111::111: Because the CROOKS sold the rest!
HS I think you're refering to gold at the U.S. Mint in West Point, N.Y. - - rather than Ft. Knox, KY. http://www.wexfordcoin.com/promotion/CrisisExecSum.htm http://www.gold-eagle.com/editorials...aga071101.html

HistoryStudent | 11-30-2009 09:54 AM
Re: US Mint to suspend GAE production Quote:
Originally Posted by Libertarian_Guard (Post 2050758) HS I think you're refering to gold at the U.S. Mint in West Point, N.Y. - - rather than Ft. Knox, KY. http://www.wexfordcoin.com/promotion/CrisisExecSum.htm http://www.gold-eagle.com/editorials...aga071101.html
Yep, :23_28_100s: but my common sense suggests both. :4_1_72: Especially when reading over the years how the trucks left there and the shiploads of gold recorded at the LONDON BULLION market with a paper trail back to the good ole USA. Thanks. HS

British Sovereign | 11-30-2009 10:00 AM
Re: US Mint to suspend GAE production Gold will certainly become scarcer as time moves along. In the 1980 gold bull market numismatics coins were left behind, far behind. Only buy collectable coins if you like them, but not for any dramatic price increases. Now is the time to buy soft and food commodities.

HistoryStudent | 11-30-2009 10:09 AM
Re: US Mint to suspend GAE production http://www.the-privateer.com/chart/gold-pf.html Food is very important- water more so. With PEAK gold (for several years even with the price going up gold PRODUCTION worldwide has DIVED!) one should have what they figure they should. a note from traders on gold-eagle.com: Mr. copper (jlodots) Nov 30, 14:07 Been thinking about the events of the last 5-6 days. We know the PM shorts are getting toasted. Gold was up 13 days in a row. As silver and gold rise, the shorts' losses mount. In the past, the PTB would orchestrate events to cause a dollar rally and PM bust. Lately, it seems even as they pile on more and more PM shorts in the paper markets, the physical buying keeps the prices rising. Last time they ran into this, they closed the U.S. mint to Eagle sales to stifle demand (if there are no Eagles to sell, you can't measure demand). They did it again last week. In fact, the announcement came about the same time as the Dubai fiasco hit the newswires--late Wednesday at market close. It almost seemed that this was a "trial" to see what would happen--to gauge how much support there is for a "dollar safe haven." Last fall they pulled out the stops to lend support for the dollar, and it worked. They can't do that strongly again--they are in too tight a box this time. They are looking for other ways to scare people into the dollar, IMHO. But so far, it isn't working. I get the feeling that there is soon going to be comex fireworks, starting in the silver pit. Within two weeks. Time will tell. Here comes Santa Claus Here comes Santa Claus - pulling $1500 gold pulling 25.50 silver....

Master_Ho | 12-01-2009 02:28 AM
Re: US Mint to suspend GAE production Quote:
Originally Posted by HistoryStudent (Post 2051063) http://www.the-privateer.com/chart/gold-pf.html Food is very important- water more so. With PEAK gold (for several years even with the price going up gold PRODUCTION worldwide has DIVED!) one should have what they figure they should. a note from traders on gold-eagle.com: Mr. copper (jlodots) Nov 30, 14:07 Been thinking about the events of the last 5-6 days. We know the PM shorts are getting toasted. Gold was up 13 days in a row. As silver and gold rise, the shorts' losses mount. In the past, the PTB would orchestrate events to cause a dollar rally and PM bust. Lately, it seems even as they pile on more and more PM shorts in the paper markets, the physical buying keeps the prices rising. Last time they ran into this, they closed the U.S. mint to Eagle sales to stifle demand (if there are no Eagles to sell, you can't measure demand). They did it again last week. In fact, the announcement came about the same time as the Dubai fiasco hit the newswires--late Wednesday at market close. It almost seemed that this was a "trial" to see what would happen--to gauge how much support there is for a "dollar safe haven." Last fall they pulled out the stops to lend support for the dollar, and it worked. They can't do that strongly again--they are in too tight a box this time. They are looking for other ways to scare people into the dollar, IMHO. But so far, it isn't working. I get the feeling that there is soon going to be comex fireworks, starting in the silver pit. Within two weeks. Time will tell. Here comes Santa Claus Here comes Santa Claus - pulling $1500 gold pulling 25.50 silver....
Dude's pretty sharp...............you too - and I agree - $1200 should be a given......$1500 very doable!! But either way - I am so grateful what what we've done in the last few weeks - even a little sideways action would not depress me...........what is coming, is coming sure as the sun will rise tomorrow.........I have time.......just more time to gather before the storm.......... Its all rather Zen really...........

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