The US Mint today announced it will cease producing gold coins as its stock of blanks run out this year.
I've mentioned before the gold coin shortage, and how that ought to force prices up, but it has not. Now the US Govt announces it will cease production. When there is a shortage, prices go up.
I have no idea what is going on, and there are conspiracy theorists galore out there, but those never interest me. One thing is for sure, this will be a lesson for all when whatever is going on becomes clear.
Tuesday, October 7, 2008
Very Strange News On Gold
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3 comments:
John - do you have any idea why gold is not going up while everything else is tanking? it is 10/10/08, what do people know that i don't?
chris
chris555@care2.com
thia may be the answer why gold is going down?
http://www.elliottwave.com/features/default.aspx?cat=gw
chris
more info
http://www.sovereignsociety.com/2008Archives2ndHalf/101408WhyGoldStocksFailed/tabid/4743/Default.aspx
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