« 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!

Topics: Currencies and Cash |

One Response to “Gold Coin Sales Suspended by US Mint”

  1. Protect Wealth, Wealth Creation, International Living | Q EXPERTS’ BLOG » Blog Archive » How to Protect Your Assets and Profit from the Crisis Says:
    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 [...]

Comments

You must be logged in to post a comment.


  • If you are interested in receiving news and more information related to this and others interesting topics, sign up to our FREE newsletter Q Bytes.

    From time to time we offer exclusive benefits for regular Q Bytes readers. These may include discounts on events, pre-launch access to new information, free limited access to research reports, and more… You can read about these offers in Q Bytes.

    Enter your email address to sign up today

    		   

    After entering your email address in the box above, you should receive a confirmation email within a few minutes. You will need to click on the link in that mail in order to confirm that you have opted in to the Q Bytes subscription.