Tell me how this works. The Mint gives them paper $ and Goldmark sends them Gold?
Um ... right. OK.
>> 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...]
OK...
So you buy Maple Leaf or Kruggerands
“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.....
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.
So I guess the blanks provided from the Perth gold refinery is actually mined in the US?
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?)
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. RooseveltLet'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would do the same thing again after a crash with an exchange of, say, fifty dollars a pound?Gold ownership was repealed by an act of Congress codified in Pub.L. 93-373 legalizing private ownership of gold coins, bars and certificates signed by President Gerald Ford which went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.
Forget stockpiling gold.
Stockpile a much more valuable commodity:
7.62x39
.223
.308
be a 3%er
My, my, my...now what?
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?
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.”
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
I beg your pardon, I have never once charged for sex.
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!