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"On Wednesday after this piece was published, the Mint announced it was suspending sales of one ounce gold bullion coins due to heavy demand until approximately mid-December. The fractional half, quarter and tenth-ounce coins had not been available this year at all. The Mint sent a letter to authorized purchasers Wednesday, which says, "The United States Mint has depleted its current inventory of 2009 American Eagle One Ounce Gold Bullion Coins due to the continued strong demand for this product." In September and October, 115,000 ounces of gold bullion were sold each month, about the amount that was sold in the whole of 2002."
1 posted on 11/25/2009 6:25:00 PM PST by bruinbirdman
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To: bruinbirdman
Goldmark in Perth, Australia

Tell me how this works. The Mint gives them paper $ and Goldmark sends them Gold?

2 posted on 11/25/2009 6:28:56 PM PST by AndyJackson
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To: bruinbirdman
Don't worry, there's no shortage of gold. It's just that the Mint doesn't have the resources to make it into coins ...

Um ... right. OK.

3 posted on 11/25/2009 6:32:56 PM PST by BlackVeil
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To: bruinbirdman

>> Today there are three refineries that supply planchets to the Mint: VennerBeck Stern Leach in Rhode Island, Sunshine Minting in Idaho and Goldmark in Perth, Australia.

... who, in turn, outsource the production of the planchet cores to http://www.tungsten.com.

[j/k... maybe...]


4 posted on 11/25/2009 6:34:34 PM PST by Nervous Tick (Stop dissing drunken sailors! At least they spend their OWN money.)
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To: bruinbirdman

OK...

So you buy Maple Leaf or Kruggerands


6 posted on 11/25/2009 6:42:08 PM PST by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: bruinbirdman

“Don’t worry, there’s no shortage of gold. It’s just that the Mint doesn’t have the resources to make it into coins ...”

Sure... I believe that, uh huh, okey-dokey.

Just like:

-not one dime in taxes.

-transparency.

-there will be plenty of flu vaccinations for everyone.

-I did not bow.

I could go on all day.

Heck, the Shame Wow guy has more credibility than this dem run government and Americas First Failed Black Pres-dent.....


8 posted on 11/25/2009 6:44:28 PM PST by Gator113 (Obama is Americas First Failed Black Pres-dent.....)
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To: bruinbirdman
Don't worry, there's no shortage of gold.

Okay then, try going to your local gold dealer and getting any type of bullion - Eagles, Maple Leafs, Krugerands, bars, whatever - and see what he tells you.

Conversely, if you happen to hold any bullion, ask that same dealer how much above spot he'll give you. Regardless of when you bought it, you will likely be VERY pleasantly surprised.

Getting bullion (as opposed to paper gold) has been extremely difficult for well over a year's time. This is not an issue particular to any goings-on at the U.S. mint.

11 posted on 11/25/2009 6:52:24 PM PST by AAABEST (And the light shineth in darkness: and the darkness did not comprehend it)
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To: bruinbirdman

So I guess the blanks provided from the Perth gold refinery is actually mined in the US?


12 posted on 11/25/2009 7:00:05 PM PST by RushingWater
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To: bruinbirdman

This forum is infested with metals dealers. They think we are stupid because we are. Buy, buy7, buy! (why would you sell such a great i8nvestment?)


13 posted on 11/25/2009 7:00:13 PM PST by HospiceNurse
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To: bruinbirdman
Executive Order 6102 "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" by U.S. citizens was signed on April 5, 1933 by U.S. President Franklin D. Roosevelt

Gold ownership was repealed by an act of Congress codified in Pub.L. 93-373 legalizing private ownership of gold coins, bars and certificates signed by President Gerald Ford which went into effect December 31, 1974.

Let's see, one Socialist President outlawed gold ownership in rough economic times. Is it so difficult to imagine that another Socialist President would do the same thing again after a crash with an exchange of, say, fifty dollars a pound?
14 posted on 11/25/2009 7:05:13 PM PST by higgmeister ( In the Shadow of The Big Chicken!)
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To: bruinbirdman

Forget stockpiling gold.

Stockpile a much more valuable commodity:

7.62x39
.223
.308

be a 3%er


19 posted on 11/25/2009 7:13:29 PM PST by roaddog727 (It's the Constitution, Stupid!)
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To: bruinbirdman

My, my, my...now what?


21 posted on 11/25/2009 7:18:16 PM PST by madison10
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To: Travis McGee

Travis, how about this for a plot element. Criminals infiltrate one of the blank-producing outsourcing companies, and develop a way to produce gold-clad tungsten blanks that coin properly.

When the fake are discovered, it not only made the anti-American criminals billions, but it further destroys the political/economic credibility of the US.

The news sure is good disaster fiction fodder these days, isn’t it?


38 posted on 11/25/2009 9:15:12 PM PST by Atlas Sneezed ("Personal freedom begins when you tell Old Mrs. Grundy to go to Hell." -Lazarus Long)
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To: Travis McGee

PS: If I were an aspiring novelist, I’d be working on a “GOLD” crime/politics novel, because everyone is going to be talking about gold in about a year. It should be informative about every historic and technical aspect. The “Unintended Consequences” of gold.

I loved the notion of Clintonian billion dollar Tungsten fraud!

Seriously.

They’ll come back later to read your “early work.”


40 posted on 11/25/2009 9:18:04 PM PST by Atlas Sneezed ("Personal freedom begins when you tell Old Mrs. Grundy to go to Hell." -Lazarus Long)
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To: bruinbirdman
This is an exerp from Harvey Organ's Daily Gold

http://harveyorgan.blogspot.com/

Today will probably turn out to be a very historical day as the cartel basically threw in the towel. Our regulators will have to answer to a lot of questions as to what on earth were they regulating. This may bring down the entire financial global apparatus.

Nam Vet

42 posted on 11/25/2009 9:46:55 PM PST by Nam Vet ("Goodnight Mrs. Calabash, Wherever you are ! ")
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To: bruinbirdman
Hoard! Hoard!

I beg your pardon, I have never once charged for sex.

55 posted on 11/26/2009 5:38:27 AM PST by Lazamataz (DEFINITION: rac-ist (rA'sis't) 1. Anyone who disagrees with a liberal about any topic.)
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To: bruinbirdman

Speaking of hoarding!! I watched the show about hoarding on Dish Network the other night. It is not about hoarding gold, it is about hoarding junk that other people throw away. OMG! There are some sick people out there. It made me vow to clean out my closets so I wouldn’t be thought to be one of them!


70 posted on 11/26/2009 7:24:52 AM PST by Ditter
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