« Andorran bank opening in Panama | Home | The Big Bailout That Has Already Happened, and the Dangers of Gold ETFs »
Gold Coin Sales Suspended by US Mint
By admin | September 27, 2008
With more and more US investors getting the gold bug - that is, seeking to preserve their purchasing power by moving out of the failing dollar and into real money - it seems the US mint can’t keep up with demand. They have suspended sales of gold bullion coins as of Friday.
Of course, there is no shortage of gold in other countries, so conspiracy theorists might suggest another motive. It is well known that the Treasury doesn’t want ordinary citizens investing in gold. As for me, well, I couldn’t possibly comment…
If you want to buy physical gold, with the current price of gold, the US is probably not the place to do it anyway. Offshore, outside the USA, offers better privacy, confidentiality and security. It’s easier and more secure to buy gold in Europe, then store it in a safe deposit box. It’s not as easy as it used to be a few short years ago (due to pressure from you-know-who) … but we do have contacts at several European banks who can assist with this for clients and readers. The time to act is probably sooner rather than later!
Sphere: Related ContentNo related posts.
Topics: Currencies and Cash |
One Response to “Gold Coin Sales Suspended by US Mint”
Comments
You must be logged in to post a comment.
December 5th, 2008 at 9:58 pm
[...] that the US Federal Government has begun putting obstacles in the way of private gold ownership. I’ve just published an article over on my personal blog about how the US Mint suddenly stopped the…, ostensibly because they couldn’t keep up with the [...]