Relevant:
- Gold ETF Outflows Paint Only Half the Picture
- Worries Boost Sales of American Eagle Gold Coins
- U.S. Mint to Resume Distribution of American Eagle Gold Coins
- U.S. Mint Gold-Coin Sales Jump 63% in January (but down YOY as Mint Sabotagoes sales); Silver Triples
- San Francisco Mint to strike silver bullion
2008-08-15 — gata.org
The U.S. Mint has suspended sales of American eagle gold coins and is refusing orders from dealers, two coin and bullion dealers confirmed Thursday.
The mint's suspension of gold coin sales follows its tight rationing of sales of silver eagle coins, begun in May, when sales to the public were terminated and sales to the mint's 13 authorized dealers were tightly limited.
...
The suspension is overwhelming evidence that the futures contract price of gold on the commodities exchanges is substantially below the physical market price and that, indeed, the commodities exchanges are being used as GATA long has maintained -- as part of a massive scheme of manipulation of the precious metals, currency, and bond markets.
Indeed; why should the Mint refuse to buy, especially at such low prices, unless they want them lower?
Oh yes, and this is probably illegal on the part of the Mint, which must supply the coins to meet demand.
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