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US mint halts sales of gold and silver eagles
US mint halts sales of gold and silver eagles
by Project Mayhem
US mint halts sales of gold eagles, gold once again hits all-time highs, Tungsten comes back in fashion, Council on Foreign Relations propaganda rag asserts total dollar collapse "well before 2030".
The Council on Foreign Relations propaganda rag Foreign Affairs latest issue states:
At the same time, increasing U.S. demands on foreign investors would probably become unsustainable and produce a severe drop in the value of the dollar well before 2030, possibly bringing on a hard landing.
-Foreign Affairs, Volume 88, No. 6, November / December 2009, p22.
In another case of "color me unsurprised" the US mint has halted sales of gold and silver eagles citing "depleted inventories of the metals". As can be seen by our wonderful colored charts, sales have skyrocketed indicating public non-confidence in the US dollar. Or better yet, public non-confidence in hallucinated ETF computer-pixels.
For those wishing to look beneath the surface, this is simply another confirmation of supply tightness in the gold market. Though officially the US mint has run out of blanks, it would make more sense that the Western oligarchs have simply decided is enough is enough and do not wish to further feed the fire of gold price appreciation until 2010. Perhaps it is simply not 'that time' yet, which would make sense considering the leaked information out of Bilderberg 2009 that the world is not yet ripe for the much-anticipated global currency crisis. But it's coming. We even have idiots on CNBC proclaiming global currency destruction , remember? Something has to give and the easiest failure will be in the multi-trillion FOREX markets.
But good luck getting your gold coins at spot. Or silver coins for that matter, (which as we all know are poised for explosive gains sometime in the next five years). In the meantime, we have the brewing scandal in the LBMA 'good delivery' markets, which may or may not be related the the suspension in production of gold and silver eagles. For those not aware, there is a possible scandal in the "highly liquid" international gold market, after gold bars were discovered in Hong Kong which were actually technically advanced fakes with tungsten metal inside. This is possible because tungsten has almost identical mass as gold. With the addition of transition metal alloys, such fakes can be indistinguishible from the real deal except with drilling the bars or conducting assays with ultrasound (h/t Gunther).
Of course, the various funds around the world will be quick to assure you that you have not been duped, because it IS after all the LBMA market, and such a market could never have possibly been contaminated with fake bars. Something is to be said for this since retail customers have not complained, and you'd expect jewelery manufacturers to be pissed if they were delivered tungsten , no? But the international fraudsters in the banking system are both clever and arrogant. It is certainly possible there is systemic fraud confined to the ETFs where generally the "bars" stay in the vault, rarely delivered, and the paper claims are what trade. Perhaps this gradual erosion of confidence is part of the reason gold and silver coin sales are skyrocketing.
Regardless of the tungsten scandal, entities such as BullionVault are definitely more trustworthy than JP Morgan's hallucinated gold ETF, but there are a few questions. Trust is only as good as the weakest counterparty in the chain. Through published correspondence by Bullionvault clients, we know ZERO assays of gold bars were conducting during last years' fund audit. That is, no bars were drilled. Bars were precisely weighed -- but as we all know now, tungsten metal alloys can be constructed to milligram tolarances which would be undetectable without assay. Hopefully these technically advanced gold bar fakes were confined to China.
As for the mint suspension of coins, the move may backfire and drive prices up even further, perhaps even with Butler's premium appearing in gold and silver eagles, at least temporarily. Of course, with the US government's repeated suspension of gold and silver coin production, we know they are no longer meeting their obligations to the public under the law. Shocking, I know.
As for gold, it is quietly meandering around the end-of-year target ($1200) that I issued approx 3 months ago.
Soon enough this will all blow sky-high...
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I think you already know why not.
Let me check...
I think that's the reason why I moved out months ago, into a Swiss gold ETF with physical delivery commitment and no funny clause in the contract.
Because it is just another BullShit rumor that has NO BASIS in fact.
That's all.
Wow, that much Silver disappearing into small pockets! And that would be an apt description of the coin and "round" buyer.
It is a wonder we have any Silver left for the COMEX vaults, and to cover the large commercial short positions.
Oh, wait...
2010 is before 2030, right?
depends on your number system
Not quite accurate, but may I ask why is it that my pics don't show in the comments while yours do?
Great chart on coin sales. Inspires me to drag a few offerings from my horde on post them E-bay. Gotta feed the geese, err sheep.
"Inspires me to drag a few offerings from my horde on post them E-bay."
Goooood Chrissssst - I never before bothered to check retail prices on J6Bay!
I may decide to copycat you. Potential here.
PM,
your chart of gold/silver sales volume from the US mint is a bit misleading.
In 1998 gold had a sales volume almost twice as high as the current high; way back in 1987 even higher.
Theoretically London is a physical market too, the volume data for London gold and silver were high in '98 and fell until 2003 to pick up into 2006 and come down again.
Tungsten can be detected by sound.
Home use would be to hit the piece and listen to the sound. Gold is soft and will give a relatively low frequency. Tungsten is hard an will resonate at a much higher frequency.
If it does not sound at all a crack could be the reason.
The professional method is to measure the speed of sound in the metal. The difference is big enough to be easily detected. Such a measurement is non-destroying and should be done in five minutes or less per bar. As long as the bar is not full of cracks from poor casting that should work.
Good info, thanks.
<duplicate>
Thanks. You're right about the volume. I'll post a new chart once I update the spreadsheet. Good call on the assay details.
Sorry PrMa, but you know that sell offs last 2 days before the shorts get jammed, not just one :)
Silver never goes on sale for long!
A dollar off this morning...damn!
As I say about my dog...she's so smart she plays dumb.
And as far as the criminal fed...watch the hand not the mouth. And since when was the fed run by politicians? It's the other way around.
http://www.apfn.org/apfn/reserve.htm
Bilderberg 2009??
Jesus, do people still believe this garbage?
How can the Fed be run by incompetent headuptheirass politicians while at the same time it's being run by a cabal...?
yes i believe that garbage.....it is the height
of folly to suppose that there are no conspiracies....
all you do is display the foolish uneducated
ged mind which the newsfakers in the cia-controlled
press tell you to think.....
all conspiracies included a mix of brilliance and
incompetence....they are also compartmentalized
such that some play the joker....
and what may appear to be incompetence is often
dazzling brilliance of deceit....did you not
study the trojan horse?
economic policy is centrally managed by the very
smallest of slivers of mankind who pursue a satanic
agenda which they call good.
if you doubt conspiracies study machiavelli....study
the succession of power in ancient rome; study the
intrigue in the kremlin....
i believe in tin, garbage, and conspiracy because
it is the entrails of truth....
and if you want some modern day conspiracies to
ponder consider the 9/11 usa intelligence hoax,
the government murder of martin luther king
documented at trial, the murder john f kennedy,
the u-2 incident with gary powers.....each and
every one a cia engineered fraud on the american
people to continue the perpetual state of war....
www.ae911truth.org
Why is it that conspiracy nuts on this site are always "Anonymous"? Would that be considered a conspiracy, itself?
If you understand how the "real world works" and your assumption that there is no conspiracy then you must be broke. Once you do understand then you will find comfort in owning a few stocks that you know will never be worthless (REGARDLESS OF THE CURRENCY SITUATION)....and you will never panic only buy when they get cheap. If you want a hint of that list (for starters) check out BRK/A's holdings...look at the performace of many of these companies during the "crisis"
Nobody will convince you that this does exist until you do your own homework...then you will see the light and know that you can become very wealthy as a result of understanding who really pulls the strings...till then you will meander in a world of make believe regurgitating everything you see in some talking points from some MSM site and utter words like democracy, freedom, terrorism...blah, blah, blah
We mock what we don't understand..
Oh and for your information here is a "conspiracy website" which called the financial collapse right before it happened (literally weeks before)...ya your right it doesn't exist so as long as there are people like you I can sell my stock to before the next crisis all the better...
http://globalresearch.ca/index.php?context=va&aid=5964
I reluctantly share this info with you because the more people that know the less money I make...but PM does great work and to mock him was pretty lame especially when you have no idea what you are talking about...good luck trading in the dark...
Even a broken clock is right twice a day.
I agree Bilderberg is some wacko conspiracy figment of a paranoid imagination;
http://www2.goldmansachs.com/korea/our-firm/about-us/leadership/board-of...
They are not incompetent. They Are brilliant. You just don't understand their world and the paradigm under which they operate. Given that, you would call them incompetent as there is no other reason in your world and paradigm that make sense out of what they do.
First, allow me to introduce you to this quote:
"I know that most men, including those at ease with problems of the greatest complexity, can seldom accept the simplest and most obvious truth if it be such as would oblige them to admit the falsity of conclusions which they have proudly taught to others, and which they have woven, thread by thread, into the fabrics of their life." - Leo Tolstoy
Second, you forget that these clowns have PhDs in Keyensian economics and a 'BS' in taking the easy way out. Whatever plans they hatch behind closed doors is a combination of misguided stupidity and self preservation.
Remember, it takes a smart man to learn from his mistakes, and it takes a wise man to learn from other people's mistakes -- these banking buffoons are neither, clearly.
In their world, the laws of nature are a hindrance (you know, basic math, gravity, thermodynamics, inertia...stuff like that)?
Unless they have discovered a completely new numbering system, and corresponding math, I'm betting on nature. It always wins.
Sorry.
Geitner is brilliant?
No. They just keep him "in the loop," in case he needs to regurgitate in front of a congressional hearing.
Believe whatever you want , but the fact of the matter is that Geithner, Summers, Kissinger and Volker all attended. Fareed Zakaria, that fool from Newsweek was also there, I found that rather interesting.
There's a difference between a meeting and a group. In one case, like minded individuals meet in the same way a softball team has pizza after a game, and the other is a cabal.
You're now trying to convince me that Fareed Zakaria is part of the group...
Ummm... ok!
For someone that thinks they know it all, you either know surprisingly little or are attempting to influence the opinions of readers of the comments.
The picture you chose is used by satanists/luciferians to depict the all seeing eye of horus which is also lucifer, the morning star. To the uninitiated, this might sound unusual but if you do your homework you will understand the history and symbols of the ancient mystery religions and the groups that use them today. You either know this and specifically chose it with this intention or you are unaware of the history.
Pipe down pip-squeek, you are littering the comments section.
Lady, you need to leave the intellectual discussion to the men.
Your words betray you as a mysogenist and pseudo-intellectual (look them up).
What was intended as an insult from a cave man is actually a compliment to me.
To be considered in the same company as M&M (Marla & MsCreant) makes me smile. Women are superior communicators, in addition to many other talents. You now have the distinction of having the most junk flags I have ever seen. You must be quite the ladies man with your silver tongue, I can only imagine your success meeting women.
I am but a mere man, and I am embarassed for you - what would your mother say?
Hey, thanks for that. It will come in handy if Marla ever opts to include an IGNORE function. It is your credibility light that is flickering out here. Secret societies only exist to be mocked on The Simpson's doncha know.
http://shop.ebay.com/i.html?_nkw=masonic+encyclopedia&_armrs=1&_from=&_ipg=
Here are volumes of the Masonic Encyclopedia for sale on EBay. Ever peeked in one? I have. The entry under Lucifer is a rather non-judgemental reference to him as an illuminator of knowledge.
"Here are volumes of the Masonic Encyclopedia for sale on EBay. Ever peeked in one? I have. The entry under Lucifer is a rather non-judgemental reference to him as an illuminator of knowledge."
'nuff said.
Indeed, what may appear to be incompetence to uninitiated outsiders may mask a longer term agenda---hence, "Project Mayhem"? Most intriguing in this frame of reality are the complex incestuous relationships between Government Sachs with its alumni and protégées at Treasury, Fed, SEC, CFTC, etc. The synchronicity with selective failures (Lehman, Bear, ect.) and GS's uncontested monopoly certainly support a conspiratorial view of market machinations.
If you think our situation is not just greed and incompetence meeting head on and is a secret society attempting to take control as a single world government... I pity your neighbours.
Wow you are a blind idiot. Can you disprove that groups of powerful people are colluding to increase their global control?
Classic conspiracy logic.
If I can't disprove it, it must be true.
I guess Leprecaun's exist too, I can't disprove them either.
You agree that the greed and incompetence of government contribute to the collusion and organization of select groups of individuals (political and financial leaders) at the highest echelons of power within America and individual nations, resulting in poorer conditions for the rest of us.
Yet, for some reason, you think that when it comes to international relations and supraorganizational bodies, that somehow the greed and incompetence come to a grinding halt and no longer result in collusion between likeminded individuals. Or worse, you think such collusion is not possible or somehow benign.
There's no arbitrary glass ceiling for the spread of "unwarranted influence" in the upper echelons of power. I would classify any supranational organization of world leaders as, by default, having only their own interests being their concern, no matter how well meaning they might be.
So yea, it's worth getting worked up over idiotic groups like Bilderberg. Like all groups in positions of governance, transparency is absolutely essential so that we may mock the stupidity of leaders when they get too big for their britches.
Fallibility + Influence + Secrecy = Trouble. This is true no matter the form of governance. For these reasons alone, Bilderberg is a troubling entity, nevermind their moronic aspirations or particular visions. The problem is, due to their influential positions, all the rest of us have to suffer through whatever failure they concoct in their private little meetings. That alone is enough to make Bilderberg and other such groups a priority for awareness. They may not be planning the end of the world, but hell, they're only human and might just luck into it through their own well-intentioned foibles. Seems a good enough reason to keep an eye on them or at least demand transparency, I'd say. Can't really reduce their fallibility (as modern democracy has shown), but you can work on reducing influence and secrecy, which would be entirely worth it, imo.
Hell, ZH readers at least seem to understand the effects of such collusion when it comes to GS and members of the treasury/fed. Fallibility, influence, secrecy, and trouble. Did GS accrue influence and power during their collusion with politicians and limpwristed SEC members? Were there supposed safeguards in place? Did those work? Did that go badly for the rest of us?
Now, why shouldn't that be a concern on an international level when you're talking about the world's most powerful international leaders of finance and politics? Bildeberg and other political topics may not be the average ZHers cup of tea, lacking the familiar intrigues of financial skullduggery, but to some of us it is the same animal, only much larger. If GS's tentacles are familiar to you and a little bit sickening, then the combined tentacles of the A-lister Bildebergers should be no less disconcerting, if not more so.
"Yet, for some reason, you think that when it comes to international relations and supraorganizational bodies, that somehow the greed and incompetence come to a grinding halt"
Incompetence cannot exist in a supraorganizational bodies like the Bildeberg group. You lose.
Heh, sure lil buddy. God just turns off the "to err is human" gene once these individuals get together. Great point...
"Believe whatever you want ..."
I think that is a good point.
"What did you learn in school today? To think or believe?"
Unknown citizen.
I believe that one should examine the facts and then form a theory or hypothesis based on the facts.
If new facts come in... add them to the mix and reevaluate the theory.
I like your posts Mr. Mayhem...
first!