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News Link • Precious Metals

US Mint to suspend American Eagle gold 1-oz coins

• Reuters

3 Comments in Response to

Comment by Gene Cunningham
Entered on:

This is an important news item. I don't believe for a second that government doesn't want to make a profit on its gold or it can produce coins in no time. The question is why stop? I am a betting man, upon occasion, so I will work on the assumption that the government is considering confiscation of gold. They probably do not want it around before taking a dramatic action vis a vis the currency. Perhaps, a new one. I have been staying with silver coins. 

Comment by Richard Stone
Entered on:

 Apparently they have run out of tungsten to make the coins a new shipment will be in soon.

Comment by Powell Gammill
Entered on:

Again?!  What you don't make a profit?   The only Constitutionally lawful activity you conduct and you can't keep it up...what does that say when your only reason for existence is a fail?

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