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US Mint Gold Sales Surge To Highest Since 2009
First it was a tripling of gold sales at the UK Royal mint, and now with just 23 days in the month of April gone, it is the US Mint's turn to reports that more gold has been sold month to date than any month since December 2009 when a record 231,500 ounces were sold. In one day, the mint sold yet another 13,000 ounces of gold, bringing the total to 196,500, or more than triple the 62,000 ounces sold in the previous month.
Will the US Mint be able to sell another 35,000 ounces in the remaining week of April, and surpass the all time monthly record from December 2009? Or will it run out of gold beforehand, and just like it did with the one-tenth ounce A.E. gold coins, will sales of all bullion denominations be halted in the comings days?
Stay tuned for this exciting conclusion.
One thing that is clear is that so far the plan to crush all popular interest in gold (and redirect it into stocks, or simple purchases of Made in China trinkets) conceived by the central-planning academics, scheming in dimly lit rooms, has backfired massively.
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Oh really? you will tell on me? I see, only conforming opinions are welcome here...got it...you a banker?
Enter the PUD. Must be the second shift to P. Guard's first shift trolling...
I was thinking EXACTLY the same thing, ha ha, + 1
threadjacking? I post one opposing post and reply to all who reply to me...that is called conversation...a protected civil right in most polite societies....you know, the ones you don't belong to
And you keep doing your cut-and-paste MSM sourcing game over ... and over .... and over .... and over .... and over ... and over .... and over .... and over .... in thread after thread after thread.
Endless repetition of the same tired shtick represents neither intelligent nor honest discourse.
I propose a new kleptodigital currency, the PudPog™. The algorithmic soundness of this currency is derived from Pud-mining ZH comments, extracting unique time & article URL signatures for Pud-trolling comments and will be produced into rehypothecated trolling to other comment sites. Once propagation of each unique message has attained coverage of at least 1% of the entire Internet it will be considered a valid PudPog™ and henceforth is an additional unit of currency. Then I will start a Zimbabwe-note to PudPog™ exchange server at www.pullingyourpud.com
Any venture capitalists here wanna join in?
:D
Hey DUD,
How about you do it YOUR WAY (whatever that is) and the gold&silver bugs will do it OUR way, then in the end we all meet up and see how it worked out?
Until then why don't you have a nice warm glass of shut the fuck up.
Those who had the gold generally didn't live in squalor.
it is a fact and the squalor of the past was from something ENTIRELY different than gold or paper: it was the lack of engineered machinery and running water in many places, plumbing. Expanding this grid happens with or without paper money and improves quality of life.
There is ALWAYS something to buy, sell, and trade for. If nothing more than my, and my family's life from the hands of a corrupt gulag guard.
Ahahaha - oh shit, I spewed my drink all over the monitor...
no the removal of dollars returns gold to the standard of top-level currency around the planet as usual for humanity’s existence, since before we had writing. Gold for farm land, silver for a rack of ribs, all back to normal.
Do you ever stop?
I'll stop when you all stop this insane promotion of something that is inherently bad for the world.
I'll stop when enough of you wake up and acknowledge the truth of what I'm writing here...that you are pathological, irrational, uncaring, selfish, destructive and delusional
Then I'll stop
Ok PUD
Your Right, we are wrong!
Now Piss-off
Ok..let's see if the articles/infomercials stop...that will be the test ok?
And yes, i am right and you are wrong
You are willfully doing harm to the planet and others and you do not have to
You are confusing us with envious, earth-worshipping liberals.
The test.......5000 years of history...that will be the test ok?
Let me know how your conversion of the Heathen Barbarians works out for you.
You should try to convert those on the MSNBC, or FOX boards, they really like fucking up the planet with lots of shit, you could expand your word, world and following!
All Hail PUD!!! The smartest man on the planet, he will save you from your barbaric ways, he will heal the planet!
All Hail PUD!! Protector of the Planet!
I have seen PUD's glorious light and have been Converted........
Now Piss-off
there is something to what you say but are you saying that
the current fiat system does not exploit the environment
even worse? if you are making that argument I think you are
incorrect. much of the world's gold was collected and extracted
before there was even a science of chemistry. and what is this about
millions of children and mercury on their fingers? granted,
industrial man, and before, has been living in his waste and ignorance
for the entire history of the species.
.
I can't worry about it but as they say it may be too late. either
way a person has to be prepared for the irrational behaviors of other
men and women.
.
he said ... "it will get worse before it gets worse." guy McPherson
http://www.youtube.com/watch?v=odlReNpGQ7c
Wednesday April 24 12:00pm
Gary Null - The Natural Living Show
.
http://archive.wbai.org/#ankor5
.
best to you
So did you complain about Uranium, Oil, Coal, Lithium, REEs?
Then none of us will ever stop because gold will always be the best money and anyone rejecting gold will always be shoved to poverty and we will always be right which means you’ll be living with us rubbing the truth in your face until you drop from exhaustion. WE re the ones who are awake, You are the one who is a sleeping sheeple filled with lies.
PUDdle of waste squatted and dropped this on the ZH roadside:
In case you are not aware of it, PUD, this is a perfect example of your gross logical fallacies. You assume one narrow and highly improbable outcome as the ONLY possible outcome to the current situation, refusing or unable to recognize that there is an infinite number of possible outcomes to the current failing fiat paradigm, the overwhelming majority of which do not result in the collapse of civilization and roaming cannibalistic zombie hoards. Although in the latter case, you would most likely be safe anyway, as I understand that zombies mainly go after brains.
Nothing you can imagine is going to elevate some yellow metal to the crown status across the planet. Nothing. All the horrible outcomes you can envision render everything other than food, water, shelter worthless
Quick tip: When claiming that gold is worthless, don't use the phrase "crown status" in your argument.
LIONFUCK!
So wrong – gold has always been the crown of the planet and never stopped. You were tricked into thinking otherwise but your entire life, forever, gold has been #1. Gold has been the only wealth sought by the top level elites of Earth for the last 5000 years without break even for 2 seconds. Ever.Food, shelter & water can all be destroyed easily – requiring you to move – and without gold you will die because only those with gold can move to where there is food, water and shelter. Those who do not move will in fact be hit with poisons and bombs by those elites who DO have the gold. The answer is clear: if you have no gold you’re fucked completely, BECAUSE you have no gold.
@ Praetorian Guard & PUD:
Do you ever consider the notion that nobody who is long PM's is suddenly going to change their minds, because YOU keep blathering on about it?
I probably would have closed out my positions years ago, except for the fact that I keep running across naysayers like yourself.
The more I hear you guys, the more I want to buy MOAR PM's. Just because I can. Just because it pisses you off.
You are an immoral person. I am not a naysayer. i point out the dark side of this delusion that grips you all. Doesn't piss me off, makes me sad that there are so many ignorant callous people like you in the world
It is in fact you who the deluded one, PUDdle of shit, as well as being profoundly ignorant.
You understand, nor know, the slightest thing about the significance of gold, or money, or how an economy functions. You perfectly personify the ancient Taoist maxim: "He who knows does not speak; he who speaks does not know".
You're pretty chatty today...
LOL, you must not have been around for the classic beat downs by akak of Master Bates and the trolls that followed...
Ah, Master Bates!
And HarryWanger, and Methman, and RedneckRepugnicunt, and JonnyBravo, and WilliamTheBastard, and of course, Leo Kolijackass.
Good times.
@ PUD:
Judge not, lest Ye be judged yourselves.
As 'immoral', 'ignorant and callous' as I may be, the facts are:
The prisons, churches, corporate boardrooms, and DotGov's of the world are full of people who have done far worse things than I.
My experience is that the more preachy they are, the more guilty they are of doing the very things they claim are wrong for others to do.
So what does that say about you? Are you a closet Goldbug? Do you secretly long to hold a big fat Mexican 50-pesos in your hands? Do you fantasize about a Scrooge McDuck-style vault swim, through a vast pile of Gold coins?
It's okay, PUD. I won't judge you, which is a greater courtesy than you've afforded me.
I hope, for your sake, that the computer you're posting from is using some sort of ethical solar or wind power; if not, you would seem to be a hypocrite. One need not look very much further than that, even, to find hypocrisy. How do you obtain your food? Use any products that have required oil somewhere along their supply chain? Give me a fucking break with this morality talk.
Ever heard of exchanging value for value?
It is sad and pathetic that you felt the need to up arrow your comments...........
What HASN'T the Obowel Movement lied about?
Yes, PUD, those and other factors conveinently escape the PM tard gray matter... I guess the PM tards will be the only ones saved when everything goes to shit... ahahahahaha
PG - instead of grandstanding and attacking, why don't you put forth an affirmative case of what you think should be done? We'd all love to hear it.
The Vegas odds are 5:2 that you will recommend something that includes Cabbage Patch dolls, L.A. Gear, and Solyndra...
No shit, all we hear from these trolls is anti PM rhetoric, but not one alternative or solution.
Which further leads me to believe they are paid disinfo shills.
I am open to hear any of their suggestions for wealth preservation, so long as it doesn't include savings, bonds, real estate, ETF, IRA, or 401k.
Still waiting...................
If we stopped buying gold those children would be out of work. Their families would starve without that income.
Why do you hate poor people in Asia, Africa, and South America?!?
Hush! How dare you let facts and consequences get in the way of a crusade!
May i ask how much money you get paid for your comments here, BEN.
no conversion to fiat, it’s gold and silver for food and tools, vehicles, transportation, zero cash in the middle. The fiat-only world is a new thing which is a failure, the old economy which was stronger was a gold standard and we will return to strength. You’re just too young to remember when paper money was laughed at, then forced by law on people, and was a brand new thing. 100 years ago paper was NOT the standard in most of the world.
There’s a lot more children hard at work as slaves for dollars under US military hegemony than working for gold. A lot more, probably 100x more.
Your ignorance is the most powerful and dishonest ignorance that your eyes have ever laid eyes upon. Ever.
Central planners push price down
smug smart public buys low and acts like the cat that got the cream
Gold goes back up as it always will with negative real rates
cycle repeats until paper gold implodes
government declares holding/buying/selling gold illegal
smug/smart public realizes cream was poisened
central planners and government with sycophants like Krugman begin "common good" campaign to make gold holders feel better about selling back to government at reduced rate and to generate ill-will towards those who don't. This time the government DOES prosecute and jail those holding gold because the stakes are higher than in the 30's thru 70's
hate to be pessimistic but you're screwed whether you buy paper gold or physical
the best scneario is to load up on physical and sell before it's declared illegal and convert into something else - income producing farms or equities - best guess sell by 2016
the best scneario is to load up on physical and sell before it's declared illegal and convert into something else
What, pray tell, would you convert it to? (Take your time)
The agitation and desperation of the fiat pushers is evident in their posts.
Increasingly nasty, increasingly detached from historical reality, increasingly filled with implied police state type threats.
Historical reality? Sure, please share, because I seriously doubt you have any REAL clue what happened towards the end of societies that used gold and silver (not the only things - barter was more heavily used than coinage) that collapsed or had inflation... its not all peaches and cream... plus, you CANNOT compare those micro societies (within a global perspective) to global economies and nations all intertwined with each other)...
There has NEVER been a time or place in the last several thousand years, outside of perhaps a lifeboat or a desert island, when gold and silver were worthless.
There have ALWAYS been tragic and criminally manipulated ends to every fiat currency, usually if not always under circumstances similar to those we are faced with and subjected to today by our sociopathic money masters.
Take from that lesson in history what you will.
@ WTLF555:
Private ownership of Gold is nothing like it was in the 1930's. As a percentage of population, ownership in the 1930's was a lot higher, very simply because Gold and Silver coins circulated as money.
Today, it is not practical for DotGov to go after private holders of Gold. As a percentage of the population (not counting Jewelry), what are we talking 1-2% of the population?
If a confiscation were to happen, vaults would be the first target, followed by safety-deposit boxes (think bank holiday).
It makes no sense to go after "John Q. Public's" little stash of American Gold Eagles and Silver maples, when the mines can also be nationalized.
Mine nationalized? They morons couldn't even run a whorehouse (really: the famous Chicken Ranch). Nationalization will lead to collapsing production.
@ Bastiat:
I didn't say they'd be good at it......but that would be their thinking.
DotGov is predictable, just like Wall St. is:
The people in charge, want the greatest possible return, for the least amount of work. Could you imagine DotGov trying to collect PM's from people?
65 miles off the coast of NJ, there is a sunken WWII German U-boat. It's in 230 feet of water, the visibility sucks, and the currents are bad. That's where my PM's are, right in the aft torpedo tube.
They can go get them, whenever they like.
And (for the xteenth day in a row) GLD inventory is down. 19% this year...wonder where all that gold is going...and how much longer they will be able to keep up with requests for allocation. The rate is increasing so if they continue at the current (increasing ) rate it will ALL BE GONE by the end of June (or so).
One of many...
http://www.bnamericas.com/news/mining/newmonts-total-gold-production-down-11-in-q1
Yes
Interesting re: silver futures
" ..Things to know about the contracts:
Include full (5,000-oz.) and miNY (2,500-oz.) silver contracts.
Available on the CME Globex electronic trading platform, on the trading floor in New York and for over-the-counter (OTC) clearing through CME ClearPort.
Trade a combined average daily volume of more than 57,000 contracts.
List for 60 months forward, enabling the establishment of a forward price curve.
Approved depositories for the storage of silver deliverable against COMEX Silver Futures contracts include Brinks Inc., HSBC, Bank USA, Manfra Tordella & Brookes Inc., Scotia-Mocatta, Delaware Depository Service Company and J.P. Morgan Chase.
Price may be managed separately from physical supply.
Read more about Silver Futures and Options"
Up to 285Million Paper oz trade/day!!
The ASEs seems to have stalled.
Another day, another COMEX inventory blowout:
4/23: 8,345,509 troy oz
4:/22: 8,583,373 troy oz
Another 2.8% of inventory taken out of COMEX in a single day.
Since 4/5, COMEX gold inventory is now down 10%.
OpEx tomorrow, we'll see the damages on Friday.
How much of the US Mint sales are the uncirculated or proof coins? There appears to be an extremely high premium rate on those coins...(l.o.l.)
What would 'they' love more than to smash the crap out of all the newcomers and BTFD ers? The beast has only just woken up. This aint over bitchez!..............
https://www.youtube.com/watch?v=hX-ptB8lz1s
No doubt the attempted takedown of gold is not over.
The banksters should note they are at least as likely to take out the reserve status of the dollar as they are to prevent the productive of the world from seeking a genuine store of value in gold.
Banning US citizens from owning gold is the best way imaginable to prove to the world the dollar no longer a suitable reserve currency.
They would love to take down gold, unfortunately every time they do they drive demand for physical up. They are getting desperate to drive every penny they can find into equities or at least into bank accounts where your money becomes their money. But they are limited on what they can do about gold right now - drive the price down and they could crash the gold market.
And you know someone in an office somewhere in government is wondering if that would be such a bad idea.
Do these sales count towards the intangibles?
Paper gold bitchz!
Interesting UofTexas SOLD gold bars for futures back in Feb. "Texas University Fund Sold $375 Million in Gold-Bar Holdings"
http://www.bloomberg.com/news/2013-04-24/texas-university-fund-sold-375-million-in-gold-bar-holdings.html
"“Our idea was to buy and hold gold, and when the world’s central banks begin tightening, we’ll sell,” Zimmerman said. “The price of gold has traded off, but the world’s central banks haven’t started tightening.”
The latest investment didn’t change the fund’s overall exposure to the metal because of the leverage involved in its gold futures, Zimmerman said."
This was Feb 2013 so around $1650 range.
Dear Bankers,
Can you please knock down the price of gold again, as I regret not buying 10z last time you did this. If you can go ahead and cause the price to drop, say 5% that'd be greeeeat.
FWIW, I stopped by my LCS today and he's unable to get any silver. Still has gold though.
I was a bit freaked out yesterday when I stopped by his store and found out it wasn't there anymore. A bit of a Twilight zone feeling, but it turns out he just moved to a new location.
I asked him if he thought the Comex would default and got a big guffaw out of him, followed by an emphatic "Eventually!" (And he's a very mild-mannered fellow) He very matter-of-factly said that there are more paper claims than physical, and all the evidence to date that I've seen on ZH and other places certainly supports his assertion.
I like the guy; he's honest, doesn't pump PMs and has good premiums (And he weighs the cash instead of counting it - very cool). Usually he just says he has no idea which way the market is going to turn, but this is the first time he's been out of silver since I have been buying from him.
I understand the arguments from the anti-pm folks, but as the LCS owner has said in the past, PMs have been money for over 5000 years. Clearly there is something about the physical rareness and beauty of the PMs that appeals to the human psyche. PMs are not about faith. PMs are not a promise for something in the future. PMs are the result of (typically) large expenditures in energy and effort to mine, refine, and create bullion/coins. In some sense, gold and silver are somewhat like bitcoins in that bitcoins also require energy to mine, but unlike bitcoins, they are physical elements in the periodic table with unique and special properties.
You mean bitcoins, in some sense, are like silver and gold coins. :)
Yes, and I should have put it that way. :-)
Edit: But I should add that I think Au and Ag is the real deal, and no amount of bitcoins can replicate their properties. So while there are some similarities, there are also some fundamental differences.
http://www.youtube.com/watch?v=GDA708XlFIo&NR=1&feature=endscreen