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IPFS News Link • Precious Metals

U.S. mint suspends gold coin sales; futures price is a fiction

8-15-2008 • GATA

The U.S. Mint has suspended sales of American eagle gold coins and is refusing orders from dealers. The suspension is overwhelming evidence that the futures contract price of gold on the commodities exchanges is substantially below the physical marke

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Reported By Powell Gammill

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1 Comments in Response to U.S. mint suspends gold coin sales; futures price is a fiction

Comment by Fascist Nation

Entered on: 8/15/2008 4:34:59 PM

Gold closed in NY at $786 an ounce and silver at $12.70. Can't ask for a better time to buy if you can find some. I have never had trouble with gold, but when silver dips it is tough.

Prices from http://www.allamericangold.com/

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