US Mint Runs Out Of Buffalo Gold Coins, Will Not Restock

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Wed, 09/29/2010 - 10:11 | 612419 Temporalist
Temporalist's picture

I am sure Ron Paul will have something to say about this.

Wed, 09/29/2010 - 10:27 | 612459 Careless Whisper
Careless Whisper's picture

he already has a plan to audit the cobwebs in fort knox.

Wed, 09/29/2010 - 10:46 | 612506 JLee2027
JLee2027's picture

Ahhh...rumors w/o evidence. The Gold is there, until proven otherwise. 

Wed, 09/29/2010 - 11:16 | 612567 GoldSilverDoc
GoldSilverDoc's picture

Ahhh.... the amazing brainwashing that has occurred among the populace, to convince them to accept the word of "authority".  And obviously it worked on you.  

Why is it not "the Gold is NOT there, until proven otherwise"?

Wed, 09/29/2010 - 12:15 | 612747 JLee2027
JLee2027's picture
Because it's not. Period.
Wed, 09/29/2010 - 13:04 | 612897 tamboo
Wed, 09/29/2010 - 18:40 | 613917 e_goldstein
e_goldstein's picture

i wonder if tungsten broke the buffalo dies.

crack.

Wed, 09/29/2010 - 13:04 | 612898 Womb Service
Womb Service's picture

That is an intellectually bankrupt position to take. Since there hasn't been an audit since the 1950's, the onus is clearly on your employers to demonstrate that the Gold is indeed there.

Wed, 09/29/2010 - 15:01 | 613200 akak
akak's picture

Apparently, when all of us were reading the "Question Authority" graffitti and bumper stickers in the 1970s and (early) 1980s, JLee was somehow reading it all as "Trust Authority".

ALWAYS assume that authorities lie, cheat, steal, murder and conspire against the average citizen ---- unless proven otherwise.  History supports this.

Wed, 09/29/2010 - 17:01 | 613602 JLee2027
JLee2027's picture

ALWAYS assume that authorities lie, cheat, steal, murder and conspire against the average citizen ---- unless proven otherwise.  History supports this.

We'll have our answer soon enough akak. Until then, the Gold is there.


Wed, 09/29/2010 - 20:01 | 614108 nmewn
nmewn's picture

In what purity has always been the question.

Now taking gentlemens bets ;-)

Wed, 09/29/2010 - 20:14 | 614139 WaterWings
WaterWings's picture

Tungsten nougat with flavorful spots of rust.

Akak, FTW.

Wed, 09/29/2010 - 20:55 | 614233 nmewn
nmewn's picture

Yeah that 9k Russian story had some traction didn't it.

Here's a good one, somewhat related to what's mine is mine and is no business to anyone but me & mine...afterall, it has been taxed once already...at earning;

"The proposal would require depository-institution banks that conduct cross-border transactions to report international financial transactions of all sizes. Certain money-service businesses, such as Western Union /quotes/comstock/13*!wu/quotes/nls/wu (WU 17.50, +0.10, +0.58%) , would be required to report international transactions equal to or in excess of $1,000.

Currently, banks and money-service firms that conduct cross-border transactions are required to keep records for transactions at $3,000 or more."

http://www.marketwatch.com/story/white-house-proposes-new-bank-transfer-...

Apparently they think crime bosses are smuggling untold billions of digital paper thingy's out in $2,999 increments...it appears they trust us as much as we trust them...at least we have confirmation now ;-)

A thousand bucks?!?!...what is that like a million man mule team at a thousand a pop...LOL.

Wed, 09/29/2010 - 14:57 | 613190 mrgneiss
mrgneiss's picture

What a substantive case!

Doesn't seem strange that a government that is obsessed with audits in all departments and branches and all citizens, doesn't appear to be concerned with the current value of one of its biggest assets?

Let's organize a march and protest for Fort Knox, until we get a thorough audit and a broad sampling of assays.  Let's do it when the weather is nice though, like mid-October.

Wed, 09/29/2010 - 11:26 | 612594 CrockettAlmanac.com
CrockettAlmanac.com's picture

Even if Fort Knox and 33 Liberty have all the gold they claim to have an audit should reveal any counterparty claims and reveal just how much paper gold has been created on top of US reserves.

Wed, 09/29/2010 - 11:38 | 612633 Temporalist
Temporalist's picture

The gold holdings of the U.S. is obviously something the PTB think is too important to disclose.  There is clearly a tempest in a teapot.

Wed, 09/29/2010 - 12:36 | 612807 outamyeffinway
outamyeffinway's picture

First of all the Fed bought the US gold in the thirties. The "US" has had no gold for some time.

Secondly, this country needs to differentiate between the government and who's in charge.

Wed, 09/29/2010 - 11:47 | 612654 SheepDog-One
SheepDog-One's picture

Yes, you must believe what authority tells you JLee, do not deviate from this behaviour or you will be terminated. 

Wed, 09/29/2010 - 12:14 | 612744 JLee2027
JLee2027's picture

If you knew me personally, you'd realize how idiotic that statement is.

Wed, 09/29/2010 - 13:35 | 612958 tmosley
tmosley's picture

If you knew anything about our government, you would realize how idiotic your previous statement was.

Wed, 09/29/2010 - 17:05 | 613619 JLee2027
JLee2027's picture

I like you and read your comments with eagerness.

But this comment was without a clue. Seriously. But prattle on if you must. I'll ignore your reply.

 

 

Wed, 09/29/2010 - 20:11 | 614128 tmosley
tmosley's picture

Why do you think there is gold in Ft. Knox?

I can't see any reason for anyone take the word of the US government at face value with no supporting evidence.

There may be gold there, there may not be.  But with no evidence to the contrary, I am inclined to disbelieve statements by the government.  If they really had it, one would think they would release pictures of it.  You ought to be able to buy postcards with photoes of the gold in the vault.  You can at the NYFED.  Hell, they let people walk right up to and touch the bars, with the reasoning that they are too large and heavy to sneak out.  I DO believe that the Fed has gold, for this very reason.

Why is it that I can get close enough to sneeze on the glass covering the Magna Carta, the US Constitution, the Crown Jewels, and the Mona Lisa, yes I can't even get a PICTURE of the vault inside of Ft. Knox?  The only logical conclusion is that the vault is empty.

Wed, 09/29/2010 - 18:14 | 613833 Sabremesh
Sabremesh's picture

"The gold is there until proven otherwise"

I just wanted to highlight your comment to demonstrate what a brainwashed cretin you are. If the gold isn't there, then do you think the Fed would be shouting it from the rooftops?

Wed, 09/29/2010 - 10:49 | 612514 FEDbuster
FEDbuster's picture

They should have Geraldo do it, since it will be the same ending as his "Al Capone's Vault" show.

Wed, 09/29/2010 - 11:12 | 612559 gmrpeabody
gmrpeabody's picture

+10

Wed, 09/29/2010 - 11:28 | 612603 CrockettAlmanac.com
CrockettAlmanac.com's picture

"Al Capone's Vault"

I watched that live. What a let down. I think there was an old beer bottle in there.

Wed, 09/29/2010 - 12:13 | 612741 FEDbuster
FEDbuster's picture

You might find some empty beer bottles on top of the pallets of gold plated tungsten bars in Ft. Knox.

Wed, 09/29/2010 - 11:26 | 612596 Quinvarius
Quinvarius's picture

I am starting to think that the Fed and Treasury must be accumulating PMs for a possible end game scenerio to back the dollar.  To back the dollar now, while it is overvalued vs PMs, would be stupid.  The best way would be to keep buying PM's all the way up to the point where you could credibly back the dollar with them to some degree with no disruption.

Doing this also maximizes insider bank profits.  They get to accumluate with the gov all the way up.  Lets say they take gold $5000 and then announce a 10% backing of the dollar with gold.  Well if you owned gold, that implies it is worth about 10 times more than its dollar backing.  So gold goes to $50,000 overnight.  It is diabolical.  But human greed and banker piggishness mean this is a distinct possibility.  They even have the cover story ready that they are doing it to save the currency already in place.  Central bankers are some greedy buggars.

Wed, 09/29/2010 - 11:31 | 612610 CrockettAlmanac.com
CrockettAlmanac.com's picture

A majority of extant gold is in private hands, 52% in jewelry alone (think India). Central banks hold about 18%.

http://en.wikipedia.org/wiki/Gold_reserve

Wed, 09/29/2010 - 20:19 | 614154 GoinFawr
GoinFawr's picture

Awesome! Heartening! I needed that, thanks Crockett.

Wed, 09/29/2010 - 12:28 | 612779 Bananamerican
Bananamerican's picture

we're never going back to an official gold standard. never.

we'll get "new! improved!" fiat backed by nanotech & syringes first

 

Wed, 09/29/2010 - 13:42 | 612979 midtowng
midtowng's picture

Remember what happened inn Weimar Germany. After their currency collapsed to nothing in 1923, did they go back to gold-backing? No. They came up with a different version of fiat that was supposedly backed by land.

Same story here. After the world monetary system collapses they will create a different fiat system.

Wed, 09/29/2010 - 14:44 | 613148 cornedmutton
cornedmutton's picture

Uhhh, backed currency is by definition NOT fiat.

Wed, 09/29/2010 - 14:41 | 613138 cornedmutton
cornedmutton's picture

Who's "we?" You got a mouse in your pocket?

In all seriousness though, how is it that you believe the same central banking system which will have destoryed all American wealth due to an outright loss of confidence in the system and the value of all wordly fiat currency is going to just suddenly re-inspire confidence in some - to use your words - new and improved fiat currency?

You can't FORCE someone to have faith in paper. And therein lies the rub.

Wed, 09/29/2010 - 12:42 | 612821 outamyeffinway
outamyeffinway's picture

An alternative scenario:

They back the currency with gold for international settlement valued at $100,000 per ounce. The ordinary citizen works for digital credits against gold and silver in infentesmally small amounts sealing your fate to serve a regime long since plotting a fuedal, debt based, slave-wage labored based society.

Don't own gold and silver, go grab that hammer over there, go over there and hit that rock. Don't do it, don't eat. Too old, too bad. And yes there is a union. They take 80% of the pay you make and you get no voting rights.

Just speculation though.

Wed, 09/29/2010 - 15:04 | 613207 Fishing Chimps
Fishing Chimps's picture

I'm pretty sure that sodomites everywhere are truly insulted at being equated to bankster "buggers", as you call them, Quinvarius.

Wed, 09/29/2010 - 13:32 | 612928 Widowmaker
Widowmaker's picture

The gold previously in Ft. Knox was moved to the NY Fed for the very practical reason of moving it from one cage to another, feet instead of days away.   There was even a saying in NY that there was more gold in the Fed vault than Ft. Knox, and everyone thought it was a joke.  The real joke was the empowerment this bestowed on the Fed to commit financial treason against every American past and future.

 

Wed, 09/29/2010 - 13:33 | 612949 Shameful
Shameful's picture

So if there is gold there, care to share who is the ticket holder for it?  I have to imagine that it's not the USA public.

Wed, 09/29/2010 - 15:47 | 613010 Widowmaker
Widowmaker's picture

It belongs to the Fed (system). 

Got gold?  

Interested in a cite from DosZap (below).

Wed, 09/29/2010 - 16:09 | 613424 DosZap
DosZap's picture

WM.

The reasoning was if it were all at one place if it got nuked, all would be worthless , so other sites were made available so some would likley be spared.

Made no sense if you gave out the sites, as why not just draw a map...LOL

Only got one nuke?.

IF yes, a terrorista.

Wed, 09/29/2010 - 16:10 | 613435 Cathartes Aura
Cathartes Aura's picture

a quick search turned up this - don't know about the "credibility" factor, but here:

The majority of the American gold is reported to be held in the world famous United States Bullion Depository in Fort Knox, Kentucky, although there is some controversy that suggests otherwise. The remainder of the US reserves are held at the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office.

http://www.wealthdaily.com/articles/who-owns-worlds-gold/2491

 

the article itself feels "promo" - but might answer your question. . .

Wed, 09/29/2010 - 15:38 | 613310 DosZap
DosZap's picture

The Gold is held in FOUR locations, last reported.

 Ft. Knox,

NYC Fed Bank

West Point,

 and other, I cannot remember..........this was from an article read around 2 weeks ago.( One of the metals sites).

 

Wed, 09/29/2010 - 13:51 | 613011 Turd Ferguson
Turd Ferguson's picture

 "more diluted" versions of gold bullion.

I bought some gold coins at the candy store. Cheap, too, about $2.00/bag. Break em open and there's some yummy chocolate inside.

One can also buy a "gold coin" from a dealer. Break it open and there's some useless tungsten inside.

 


Wed, 09/29/2010 - 15:45 | 613327 tmosley
tmosley's picture

You know, I think those little chocolates might have been the seed of my love for gold.

Also, it's damn hard to make a 1 oz coin out of tungsten.  Tungsten is crumbly crap for the most part, unless you are working with extremely advanced tools.  You will throw away a few hundred dollars at least getting the heat up to the right level to actually melt that tungsten to have it take the shape you want.  It's just not worth it for coins or small bars.  Large bars, on the other hand...

Wed, 09/29/2010 - 10:11 | 612420 SilverIsKing
SilverIsKing's picture

Looking at Tulving's website and the list of items that are sold out is growing.  Buffalos are only $26 over spot...oh, they're sold out too!

Wed, 09/29/2010 - 10:39 | 612488 MarketTruth
MarketTruth's picture

Agree, and www.Tulving.com is the best site and indicator for those who have been in this physical gold market for many years. Small buyers could try Apmex of course.

Wed, 09/29/2010 - 11:38 | 612632 Monetary Lapse ...
Monetary Lapse of Reason's picture

You can buy Buffalo's right now on Gainesvillecoins.com for $77 over spot......... go get 'um boys and girls.

Wed, 09/29/2010 - 15:40 | 613314 DosZap
DosZap's picture

Yep, do not know why the writer had to embellish that number using a PROOF coin, made him look like a buffoon.

Wed, 09/29/2010 - 22:45 | 614416 Real Estate Geek
Real Estate Geek's picture

+1  (Which, coincidentally was the number of stars I gave this article.) 

Plus, the following was nonsensical, given that there's the same amount of gold in a Buffalo as in an Eagle:

Keeping in mind that the Buffalo is "among the world's purest gold coins in terms of the fineness of the metal they contain" one wonders just how heavy the physical depletion of ultra pure gold must be for the mint to only stock "more diluted" versions of gold bullion.

Wed, 09/29/2010 - 16:11 | 613436 DosZap
DosZap's picture

Screw that, just get MAPES, 24k is 24k. For less.

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