Comments on: Gold Dips, US Mint Runs Out of 1/10 oz Gold Bullion Coins

By: Coin Monger

Coin Monger — Sat, 04 May 2013 17:20:46 +0000

I’m glad to see heavy buying of the physical product when the price just got clobbered. It’s like gold just went on sale. Dealer prices are sometimes lower than the Mint.

By: Shawn

Shawn — Fri, 26 Apr 2013 14:52:35 +0000

The mint is showing them available as of 4/26. See the price on the 1 oz? 1760.00. Spot at 1475. I realize it’s a proof, but still…

By: Kevin

Kevin — Fri, 26 Apr 2013 05:33:35 +0000

George, I think Todd is headed to mine in South America next season. My money is on Dave Turin.

By: jim

jim — Fri, 26 Apr 2013 02:06:07 +0000

RBG –
There’s a distinction between suspends and runs out that can be made. Suspends is a fakey explanation one uses when they’ve run out and don’t have guts to admit it or the materials to make more. That’s what the mint said. Runs out as the heading of the article sounds more truthful to me about what’s actually happened. Neither means they won’t start sales again once they’ve got the blanks to make ’em.

By: george glazener

george glazener — Thu, 25 Apr 2013 20:44:29 +0000

Let’s go hire on with Todd Hoffman up in Alaska..!! We can all get our OWN DAMN GOLD…..and leave the US MINT out of it…!!

By: RonnieBGood

RonnieBGood — Thu, 25 Apr 2013 17:56:01 +0000

The title is a bit deceiving. How about US Mint “Suspends” 1/10 oz Gold Bullion Coins vs “Runs Out”.

By: Joe

Joe — Wed, 24 Apr 2013 22:50:36 +0000

Build a vault.

By: jim

jim — Wed, 24 Apr 2013 20:57:35 +0000

I always wondered if I bought something from one of these warehouse companies that the metal was really there…
Never did though.

By: Shawn

Shawn — Wed, 24 Apr 2013 17:38:50 +0000

The ex CEO of CME group was denied delivery of two gold contracts (200 ounces) and forced to take a warehouse receipt.
How confident do you feel when the banks hold so many forms of capital and are starting to deny you possession? How many financial instruments can you hold in your hand? Stocks? hard to do, for most, they don’t. Bonds? Same. Mutual funds or 401k funds?
It is advisable to keep something in your own possession that is not controlled by banks ( sorry, cash doesn’t count)…

By: Kevin

Kevin — Wed, 24 Apr 2013 04:52:12 +0000

Unintended consequence of the orchestrated gold smash and related propaganda: unprecedented physical demand. The stampede to retail coin stores worldwide was to buy, not sell, the precious metal.

Reports are circulating that some retail individual “owners” of bought and paid for allocated gold cannot take delivery. Jim Sinclair’s friend is one example. He tried to take delivery of the more than 200,000 oz he had stored with a major Swiss bank. He owned it. But he could not get it. The bank’s reason? Anti-terrorism and money laundering laws.

Get ready for more of the same type of story, IMHO.