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| US Mint Runs Out Of Gold Coins |
| 2008-09-27 |
| The U.S. Mint is temporarily halting sales of its American Buffalo 24-karat gold coins because it can't keep up with soaring demand as investors seek the safety of gold amid economic turbulence. The 1-ounce coin has a face value of $50 but is priced for sale according to the fluctuating value of gold. |
| Posted by:Anonymoose |
| #5 I just figured out how this is a bad sign. And it's worse than bad, it's... it's.. horrific! These things never get spent, so they're pure profit for the Treasury. without all the profit they get from these coins, they'll never be able to fund the bailout!!! OH NOES!!! Time to ad some more states so we can sell more quarters!!! But that's inflationary! Argghh!!!! |
| Posted by: Mike N. 2008-09-27 22:50 |
| #4 It seems like all the coin folks I know are deeply in love with the Saint Gaudens Double Eagle, to exclusion of all else. I have to confess I wasn't even aware there IS a gold Buffalo.... |
| Posted by: Scooter McGruder 2008-09-27 21:31 |
| #3 Biden says we can print more. |
| Posted by: JohnQC 2008-09-27 20:50 |
| #2 Mike, not since FDR. |
| Posted by: Deacon Blues 2008-09-27 20:24 |
| #1 They must have made, like, dozens and dozens of these. I'm sure this is some sort of Harbinger of Doom, I jut can't figure out how. Has anyone seen one of these in real life? |
| Posted by: Mike N. 2008-09-27 19:59 |