US Mint Suspends Gold/Silver Orders due to lack of supply....

[admx94]

Platinum eagle coins.... Not quality and only quantity you say???

[cervantessssssssssss]

Interestingly enough, Fort Knox boasted it's holdings of 7000 tons of gold bars. The Chinese claim U.S. sol 2000 tons in '07 and 3000 tons in '08, some of these bars sold to china and russia were the supposed plated tungsten bars. So, it's possible the U.S. has no wealth whatsoever to date.

[Baldgol4]

For the most part, the U. S. Mint is no longer concerned with turning out quality coins. Like the makers of baseball cards, the mint is going for volumn, even though the coins are crap. Shame on them for not making a 2009 Silver Eagle Proof coin.

[SevereTstormFan]

The US mint states the shortage exists due to "unprecedented high demand". Just because demand has skyrocketed in the last year how does that mean the amount of supply has changed at all?

[buzzz121]

John looks like you have bed head, comb your hair mate you are a youtube star now!

[alroysh]

I read from the US mint that they were only stopping their collectable items due to the demand for normal SAE&GAE

[joediesel187]

google:the obama deception

[genghis6l99]

i went and got 40 oz today fr perth. surprisingly the price dropped. very happy. i'll try and get more

[stellaconcepts]

did u ask for more and they only rationed 40oz?

[genghis6l99]

nuh i bought what i could afford. but they had no 10 oz.

[ShillBasher]

I have a theory that no matter what we do, they, the major owners, will always be one step ahead. Alot of gold owned by the U.S (for instance) may not even be on an invantory. The U.S stole tons of gold from Germany and Japan after the 2nd WW. The same happened in Iraq this time around. So who even knows what the truth is about the held amounts. I know what I have and that's all. If we all buy more P.M's it can't be a bad thing long term though

Caffein/ Vit C/ Paracetemol and sleep, John

[ShillBasher]

And lets all remember that many many pallets of Gold stored in the basements of the world trade centers officialy vanished back in 2001. I don't know about the rest of you but I for one do not believe that story for one second.

It would certainly be nice to have closure on so many of these issues. I guess the best we can do is pressume the worst and make our plans based on that. It's always better to be ready for something that doesn't happen than being unprepared for something that does.

[minimoo2000]

Hi ShillBasher, I don't know where you live but if you can "BUY" a copy of "Loose Stones", it's about the 9/11 conspiracy, some of itmay answer your questions or You Tube 9/11 conspiracy, i pretty sure that it is banned in Australia, some of the info in it will blow you away, Good luck

[minstral2]

Based on $1,000.00 per ounce, there is 4 Trillion dollars worth of Gold World Wide. Once that amount has been bought there is no more to be bought. The price for precious metals will now increase exponentially and drive investors to buy and sell worthless PAPER stock called gold on the markets driving demand and prices sky-high...the effect will kill the world currencies, and in particular, the FIAT currency known as the US Dollar. The timing of the G20 meetings with the IMF is quite alarming!

[minstral2]

All currencies are tied to the US dollar and therefore will decrease in value because they are based on themselves Legal Tender and not a precious metal.

Is the IMF trying to push inflation higher, because we will be vulnerable to a currency collapse and hyperinflation to an extremely devalued currency.

[Frequencitee]

5 mate for the video and information.

And this turned out to be an interesting convo by some of your viewers.

[keithholden]

The manipulation is like a beach ball under water, once its gone prices will rise very fast. Seasonal low approaching but is there going to be metal avail. How I see it you better get in before june. Short term the weak hands are selling, Lower price) then the strong hands will buy. Consoldation) Short term silver could go as low at 9$ gold to $800, but will u get any at that price?? Buy a little here and there to the bottom.More buyers at bottom less sellers.

[limitedplay]

this is coming fast but i still think the CATALYST will be huge. It wont be about mints searching private supply for scaps it will be something very very big to make THE CHANGE

[nickstar717]

im reading an article, they wanna sell it in small quantities as to not disrupt markets, im guessing thats another very tiresome trick

[nickstar717]

so what happnes to the price of gold when the imf decide to sell there reserves into the market?

[stellaconcepts]

you mean like the 3 or 4 other times they've threatend to do the same thing?

If the IMF sells its gold - the IMF is broke.

If you were planning on selling something - and you know the price would get smashed if you did... would you announce it to the world before you did it? Are you not doing yourself a disservice?

Old IMF trick... and getting very tiresome

[keithholden]

My mate calculated from Memory, vague memory, Theres 3200 tons of gold the imf have thats about 1 billion dollars worth, My guess prices would drop 10% but it may trigger a sell off short term on the paper side supressing prices further. If this happened it would be an even better buying oportunity and a gift, We are entering the sesonal low so prices short term should drop. Last year shortages developed when we hit the lows. less sellers more buyer when its low.

[InTheSticks1881]

For anyone who might need it, I know where a couple of cases are. Let me know.

[InTheSticks1881]

Yep and we're loaded up as well.

[drutter]

John, can people buy silver on the COMEX and then take physical delivery? If so, what kind of fees and shipping charges etc would they incur? I'm wondering because many investors like davincij15 say to do so. I don't trade on COMEX but I'm wondering if this is a valid tactic to get physical silver.

[drutter]

I think there are two more explanations possible, John.

1) They're out of silver and gold and can't find more. (you posited that one)

2) They realize silver and gold are worth more in hand than cash, so are holding onto their silver and gold.

3) Both.

I'm betting on 3, personally. They KNOW gold and silver will go up once they stop manipulating it, and only then will they sell Eagles again. At $100 for silver and $1500 for gold, naturally.

So begins the mad dash for real money! Got yours? :)

[minimoo2000]

psbyowner, I like that saying

[Never9678]

The only reason they are still making the bullion coins is because by law they have to!! I bet that law will change soon... Change we can believe in, right???

[stellaconcepts]

touche

[profesas]

its been obvious that there is not enough pm's to meet demand for at least in the last 8-12 months.

just not sure if its due to shortage of metals or a delibarate restriction of the metals...

[myliverwurst]

Although they have discontinued a lot of PM coins this year, the ones mentioned in the recent announcement are only uncirculated and proof coins, not standard bullion coins, which according to their announcement is where they will use the remaining blanks they have at present.

It looks like their limiting production again but they aren't shutting down completely....yet. My guess is that a full suspension of production is coming, but it's not here yet.

[buyred]

Those who were wise enough to have invested in gold and silver in the last couple years are about to be rewarded. Despite all the obstruction from central banks and Americas corrupt Government the metals fuse has been ignited.

[Annihilate3275]

interesting...looks like I got in just in time!

[KhmerD0g]

IMF will sell their gold. it will be great for the rest of us.

silver is for the poor

gold is for middle class people

platinum is for the rich.

[myliverwurst]

Platinum does not and never has had a monetary role. Gold and silver have had a monetary role in the past, and likely will in the future, but platinum is an industrial metal (jewelry too) and valued based on industrial demand. I wouldn't consider, personally, a purchase of platinum as a hedge against inflation.

no disrespect meant, it's just that platinum won't likely have any role as a monetary unit.

[KhmerD0g]

my personal experience with platinum wedding ring:

i bought a platinum-diamond wedding ring for $9000 many years ago. today the jewelry shop willing to buy it for $14000. maybe it has something to do with the diamond?????

[Raycheetah]

The Debeers cartel has controlled diamond availability for many years. It is an open secret that they have stockpiled many, many diamonds, simply to keep prices high. I doubt that your platinum ring weighs 14+ oz, so, yeah, it's the diamond. Once declared by King Louis XV of France to be the only metal fit for a king, platinum was once a circulating monetary metal in Russia, simply because they had a supply of it, but that was a unique instance. =^[.]^=

[drutter]

KmerD0g, I don't disagree that IMF will sell their metals, but I don't have any info on that either way. Do you?

As for silver being for the poor, no. I'm a middle class working citizen in one of the richest countries in the world, and I can't afford silver. Gold is completely out of my reach, and platinum totally disinterests me.

[KhmerD0g]

jim rogers made a comment that IMF to sell gold go i googled "IMF to sell gold" and i got the links to the stories:

"IMF would sell gold because European central banks won't anymore"

"IMF to sell gold as it faces budget deficit"

i listen to jim rogers because he is honest.

[InTheSticks1881]

I chose junk silver as it is recognizable and legal U.S. currency in demoninations small enough to be efficent, and because silver has more upside potential. I'd own some gold as it is easily transportable.

[KhmerD0g]

silver should go up much more than gold because silver is heavily suppressed.

[johnwik]

one word:

Up!

:)