Is the MINT out of gold silver and platinum?
 

The U.S. Mint Again Suspends Gold Coin Sales:
(Udet) Jul 14, 07:16

Is It Really Out of Gold

I may have missed one or the other suspension of gold coin sales by the US Mint. But here we go again: Checking the online store of the US Mint I came across notices of delays and suspensions with golden Eagles and Buffalos, with waiting times ranging from 'weeks' and to 'await further notice'. The US Mint press room has entirely omitted this confirmation about the tightness of the bullion market which enjoys upward momentum thanks to the thousands of big problems the world faces. Checking on 24kt Buffalo gold coins, the Mint saddened me with this statement:
Production of United States Mint 2009 American Buffalo Gold Proof Coins has been delayed because of the limited availability of 24-karat gold blanks. The 2009 American Buffalo One-ounce Gold Proof Coin is scheduled to go on sale in the second half of the 2009 calendar year after an acceptable inventory of 24-karat gold blanks can be acquired. The release date, once established, will be posted to the 2009 Scheduled Products Listing.
http://seekingalpha.com/article/1484...ly-out-of-gold


Funny thing is it would not surprise me a bit - especially if they PLAN a huge price rise of 500% to 1000% percent in the near future, right? :36_3_12:

Re: Is the MINT out of gold silver and platinum?
 

The U.S. Mint Again Suspends Gold Coin Sales: Is It Really Out of Gold? 19 comments
by: The Prudent Investor July 13, 2009 | about: GLD / IAU
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Font Size: PrintEmail TweetThis I may have missed one or the other suspension of gold coin sales by the US Mint. But here we go again: Checking the online store of the US Mint I came across notices of delays and suspensions with golden Eagles and Buffalos, with waiting times ranging from 'weeks' and to 'await further notice'.

The US Mint press room has entirely omitted this confirmation about the tightness of the bullion market which enjoys upward momentum thanks to the thousands of big problems the world faces.

Checking on 24kt Buffalo gold coins, the Mint saddened me with this statement:

Production of United States Mint 2009 American Buffalo Gold Proof Coins has been delayed because of the limited availability of 24-karat gold blanks. The 2009 American Buffalo One-ounce Gold Proof Coin is scheduled to go on sale in the second half of the 2009 calendar year after an acceptable inventory of 24-karat gold blanks can be acquired. The release date, once established, will be posted to the 2009 Scheduled Products Listing.

As a result of the numismatic product portfolio analysis conducted last fall, beginning in 2009, American Buffalo Gold Proof fractional coins and the four-coin set are no longer available. Additionally, the United States Mint will no longer offer American Buffalo Gold Uncirculated Coins.

The most economical way to buy gold coins, US gold eagles, is blocked as well:

Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins �in quantities sufficient to meet public demand . . . �

The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced.

Not being able to suppress a smile, I am left with a few questions:




If gold is soooo cheap, why can't the US Mint risk buying those ounces on the free market?
Wasn't it the IMF who said it's gonna go and sell some of its yellow bars? Hey, this could become innovative: See the first ever gold deal done by dark pools in order to keep the public in the dark for some time longer.
If nobody wants gold and sees it as relic of history (like the history of price stability), what keeps the Mint from entering what it sees as a buyer's market?
Is this maybe blatant price manipulation because we don't know about the size of the Mint's backlog and order book?

Check ebay prices here to see what gold savers are willing to pay. I cannot see any lessening demand for physical gold. Is the Mint maybe waiting for Goldman Sachs' (GS) summer attack on gold bullion prices, using as much short futures contracts as can be stored in its computers?

They may run into a problem with this strategy, though. Investors worldwide have long begun to snap up every gold bar they can get their hands on. As always, ahead of hyper-inflation people will scratch everything together to get every ounce of security they can.
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:yes::36_3_16: Bye Bye gold silver and platinum

at the MADOOF US MINTO - :111:

Re: Is the MINT out of gold silver and platinum?
 

I'm sure it's not about metals not being available...it's about keeping metals out of the population's hands.
I believe many bought PM's exclusively through the US Mint.
Those same people probably don't know where else to get them?

Re: Is the MINT out of gold silver and platinum?
 

Well, any idiot, that types in 1 oz American Silver Eagle into google would get a flurry of sales sites in response.

However, being that the vast majority of people are fairly stupid (increasing exponentially) this would not even be feasible!!!!

This is also PATHETIC. How are they out of gold? One could effectively buy several hundred ozs. off APMEX alone, then move on to other dealers, TULVING...etc.
COMEX....

Rather just a fancy ploy to increase demand by the sheeple.

:sheep::sheep::sheep::sheep::sheep::sheep::sheep: :marchmell

Re: Is the MINT out of gold silver and platinum?
 

I had seen these two articles already - but great post, HS!!!
I will be watching it develop!

Ho

Re: Is the MINT out of gold silver and platinum?
 

MH, haven't heard much from you recently. :15_1_70v:

Re: Is the MINT out of gold silver and platinum?
 

Hmmmmm, paper gold must not make a very impressive coin when they run it through a press.

Re: Is the MINT out of gold silver and platinum?
 

QUOTE=Irons;1818269]Hmmmmm, paper gold must not make a very impressive coin when they run it through a press.[/QUOTE]

:36_1_32v:[:111::4_1_72:Too funny! Thanks I needed that!

Re: Is the MINT out of gold silver and platinum?
 

Probably a little of both, IMO. If metal supplies were abundant, they wouldn't be so worried about Joe 6pack holding a few ounces of PMs.

Re: Is the MINT out of gold silver and platinum?
 

Bottom line is why sell at $1000 when next year you can get maybe ten times that much, right?

They KNOW how MUCH paper bull$hit they are printing 24/7 - 100% every 6 months now - maybe 10 times that next month? :36_3_12:

Re: Is the MINT out of gold silver and platinum?
 

We'll find out. I ordered my UHR eagle last week and it said shipping should start again on the 24th of July. If anyone has an order in that was prior to my date may I suggest that they post when they receive their coin. This way we know that the mint has a gold blank supply available. By the way, my cost was about $1,300 including shipping.

Thanks

Re: Is the MINT out of gold silver and platinum?
 

I know - been very very busy - but missed yo guys and try to check in now and then!!! :biggrin:

Re: Is the MINT out of gold silver and platinum?
 

Sorry for not digging up the link, but I recall reading the mint has already sold near last years amount of Gold Eagles so far this year?

I expect the mint is facing all sorts of bottlenecks keeping up with demand.

Re: Is the MINT out of gold silver and platinum?
 

1.625M Silver Eagles sold through the 1st half of July, highest pace ever, just on the heels of news a couple weeks ago that bullion buying had slowed a bit in June. I don't see '09 ASE proofs being made this year. I'm guessing all of the blanks are being used to crank bullion out the door.
The mint is still totally mum on platinum Eagles. Could it be the end of the series?

Re: Is the MINT out of gold silver and platinum?
 

Someday the MINT will stop selling the three or four precious metal coins they sell today from the 30 they used to sell, right?

:36_3_12::signs14::10_1_19::111: