[Obama_Is_Sabotaging_America]

Would the U.S. mint be producing gold coins if the U.S. held no physical gold?

[Gadsdenman]

Sure, they get a great premium over the spot price, and buy gold on the open market.

[grumpygresh]

“Would the U.S. mint be producing gold coins if the U.S. held no physical gold?”

The US has the gold for now, but the same gold is probably leased out to large banks so they can cover their shorts on the COMEX.
That being said, once we see delays in filling gold coin orders, we will have a big problem with the dollar.
So, when the US mint runs out of gold, perhaps they will demand that the banks pay them back, but of course they won’t. That will give the US the justification for domestic gold confiscation. The US has already confiscated gold in Libya and the Ukraine. According to Jim Willie, the US has confiscated Saudi and middle-eastern gold held in Switzerland c/o HBSC and Credit Suisse.
Hope you bought your gold in cash or have it hidden at the bottom of a lake or some other place out of the country.

[hinckley buzzard]

Would the U.S. mint be producing gold coins if the U.S. held no physical gold?

Please...don't embarrass all these experts with such questions.