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| Production of United States Mint American Eagle temporarily suspended |
| 2010-06-02 |
| Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .' The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced. Update: Due to the continued, sustained demand for American Eagle Gold Bullion Coins, 2009-dated American Eagle Gold Uncirculated Coins will not be produced. |
| Posted by:tipper |
| #11 In a deflationary economy, gold would be one of the worst investments you could make ... and it looks like our economy might be headed for deflation. If we take a double dip, expect your gold investment value to drop. |
| Posted by: crosspatch 2010-06-02 23:10 |
| #10 POLS + PERTS + MSM-NET telling people we're in for a LT GLOBAL RECESSION/DEPRESSION LONGER + DEEPER THAN 1929 tends to have this effect. D *** NG IT, clearly PROPER OWG-NWO GLOBAL SOCIALISM-GOVTISM + UNIVERSAL REGRESSIONISM requires that we waste iff not destroy ALL THE OIL IN THE GULF OF MAHICO. GAIA = EARTH can't be "permanently poor but optimistic" like Cold War Soviet Citizens iff we're UNIVERS ENERGY-RICH, NOT UNIVERS ENERGY-POOR, now can we??? Lest we fergit, "AIRPLANE" Movie > POINT COUNTERPOINT > D *** NG IT, THEY BOUGHT THEIR PLANE TICKETS [oil rig] FAIR + SQUARE - I SAY, LET "EM CRASH [gush for months, years, + decsades]! |
| Posted by: JosephMendiola 2010-06-02 22:19 |
| #9 My wife works for a gold mining company and I can tell you there is a physical gold shortage. In part due to the high demand for physical gold from individuals. |
| Posted by: phil_b 2010-06-02 21:21 |
| #8 I'm not sure this makes sense to me. On the whole, the world is mining more gold than there is demand for. As for production of the blanks, there s no doubt a perfectly good explanation for it that won't make a lick of difference to people forever concerned about calamity. Methinks we're soon to be looking at one of them parabolic price/demand curves here shortly. |
| Posted by: Mike N. 2010-06-02 19:31 |
| #7 Basic economics. Why would the US gov want to sell any gold now when, by their own actions, they cause gold to be priced higher in the future? |
| Posted by: ed 2010-06-02 16:40 |
| #6 To have coins one has to have the blanks. What's happening with the production of the blanks? Is this a question of not enough gold being mined / processed? Or are the companies that turn bullion into blanks constrained by supply of bullion? Or by the production of the blanks? The writer could have, you know, explained this. |
| Posted by: Steve White 2010-06-02 15:56 |
| #5 There has been a big jump in demand for gold coins. Tuesday, 25/05/2010 The Perth mint in Western Australia will work extra shifts in the coming weeks to cope with an increase in demand for physical gold. The nation's biggest gold refinery has seen a jump in demand for physical gold in the last couple of weeks because European investors are worried about currency and sovereign debt in their own countries. |
| Posted by: phil_b 2010-06-02 15:18 |
| #4 Silver Eagles also. http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13738&langId=-1&parent_category_rn=10191&top_category=10191 |
| Posted by: BrerRabbit 2010-06-02 15:09 |
| #3 Didn't FDR do something like this? |
| Posted by: bman 2010-06-02 15:04 |
| #2 This could be, I say again COULD BE the first signs of the discontinuation of public purchasing and ownership. |
| Posted by: Besoeker 2010-06-02 14:48 |
| #1 That's one heck of a business model. High demand = cut off production. Check. |
| Posted by: BrerRabbit 2010-06-02 14:44 |