US Mint to suspend GAE production
 

Per D-bag central (CNBC)

http://www.cnbc.com/id/34153788

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!

Re: US Mint to suspend GAE production
 

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

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

Re: US Mint to suspend GAE production
 

I'd rather "see a little than hear a lot," they could start in 2009

Re: US Mint to suspend GAE production
 

Yea, why didn't they mint any coins in the spring? :s10:

Re: US Mint to suspend GAE production
 

Re: US Mint to suspend GAE production
 

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:

Re: US Mint to suspend GAE production
 

Re: US Mint to suspend GAE production
 

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!!!

Re: US Mint to suspend GAE production
 

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:

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:

Re: US Mint to suspend GAE production
 

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!!


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!

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...........

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!

Re: US Mint to suspend GAE production
 

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:

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!

Re: US Mint to suspend GAE production
 

BINGO!!!

IF THIS WERE A CASINO YOU WOULD HAVE JJUST BROKEN THE BANK!!!!!

Re: US Mint to suspend GAE production
 

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

Re: US Mint to suspend GAE production
 

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

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.

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....

Re: US Mint to suspend GAE production
 

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...........