U.S. Mint Runs out of Tenth-Ounce Gold Coins in a Day

Posted on December 7, 2009 by stacyherbert| 41 Comments

Stacy Summary:  Physical gold news.

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41 Responses to U.S. Mint Runs out of Tenth-Ounce Gold Coins in a Day

  1. frances snoot | December 8, 2009 at 5:30 am |

    “no one put money on him”

    I was talking about a bet. A gaming bet: for boxing. Funny, don’t take offense to a silly spoof story!

    China is leaning full-tilt boogie into the sdr-game. The “no one put money on him” refers to the yuan, of course. I see the yuan phasing out with the other paper currencies. China central bank regulatory agencies: the CBRC and the PBC run the currency show in China, and they are agents for the BIS.

  2. Sinan | December 8, 2009 at 2:21 am |

    So, we all know that most of the gold that governments own (or supposed to own) are in the hands of the banksters as collateral against the debts which will not (and cannot) be payed back. This means, almost every nation should forget about their gold.

    But what about the physical gold the people own and are out of the banking system.

    According to a recent estimate the private persons in Turkey own 5.000 tons of physical gold and almost all of them are not in the control of government. I think this is a modest estimate, the real figure could be higher as it is a tradition to give gold coins as a present for hundreds of years.

    5.000 tons makes 160 million ounces, which makes approx 190 billion dolars. Lot of money, and a big temptation for our bankrupt (and corrupt) government to confiscate those gold.

    But nobody has suceeded that sort of theft up to now, you have to go and kill those people one by one, otherwise no chance of confiscating.

    Does anybody have similar stats for USA and other countries?

    http://translate.google.com/translate?js=y&prev=_t&hl=tr&ie=UTF-8&layout=1&eotf=1&u=http%3A%2F%2Fhurarsiv.hurriyet.com.tr%2Fgoster%2Fhaber.aspx%3Fid%3D13127774%26tarih%3D2009-12-07&sl=tr&tl=en

  3. Aspadistra at Ashdown Forest | December 8, 2009 at 1:29 am |

    Physical Gold news >> Paper Gold news

    ++ Silver
    ++ Platinum
    ++ Palladium
    ++ Commodity metals

  4. California Doctor | December 8, 2009 at 12:07 am |

    Japan injects a 7.2 TRILLION YEN stimulus… the Nikkei then FALLS.

    This was supposed to be a massive liquidity injection to get the Japanese economy moving… instead we see it for what it is… a massive failure of the Japanese government to do the right thing.

    Intead of the Japanese goverment printing more money, they should have restricted their monetary supply and shifted production of cars to the USA.

    But, these guys haven’t read about Weimar Germany apparently.

    So, the Japanese are extending debt and selling their nation up the river of denial.

    The US is about to follow up that same river.

  5. California Doctor | December 7, 2009 at 11:03 pm |

    @ Frances Snoot -
    “no one put money on him”

    Oh really?
    Who is “no one” in your mind?
    UK and US betters?

    I’d say that if China, India, and Japan meet up with Australia and New Zealand, that AUZJINC betters not only have money on it, they have 1.5 billion people to back it.

    Even if the US and UK bark, the US/UK betters are outnumbered 3:1.

    Devaluation is on its way.

  6. buddhabob | December 7, 2009 at 10:05 pm |

    http://truthingold.blogspot.com/2009/11/london-silver-trader-shines-spotlight.html

    Stacy I thought you and Max might want to read this letter, its very,very interesting on the JPmorgan efforts to short gold and silver and how they are doing it for the Fed. Let me know what you think

  8. Giuseppe Bagodonutti | December 7, 2009 at 4:58 pm |

    What is the volume of 2 Olympic-sized swimming pools anyway?

    and does that account for jewelery?
    And does that account for the 5000+Ozs my little junior producer (Avion Gold Resources) is pulling out of the ground in Mali every month?

    Fuck the hype… listen to reason…

    BUY THE DIPS, Y’ALL!!!!
    Whether it is Bullion or Stocks…
    Gold is FAR from finished in its move…
    (that goes for the PGMs and Silver, too)

    MAX… you need to see this clip… it should give you a good laugh…
    Some dick named Brian Nick from Barclays calling for gold to DIVE!!!! BWAHAHAHAHAHAHAHA :D
    http://watch.bnn.ca/trading-day/december-2009/trading-day-december-7-2009/#clip243529

  9. frances snoot | December 7, 2009 at 4:56 pm |

    @CaliforniaDoctor:
    Ahh, but he came too late and no one put the money on him. The judge is going to call the Chinese fighter out for an intentional foul.

    He will say, “你他媽的!!!”

  10. rich | December 7, 2009 at 4:50 pm |

    …but they still have a bit of tungsten and some shiny gold foil left, and when that runs out they will have chocolate and gold spray paint.

  11. California Doctor | December 7, 2009 at 4:13 pm |

    @France Snoot -
    There’s another contender…. Yao Ming.

    He’s here to play ball, can learn English, and has been packing money into Reminbi/Yuan and Gold.

    Yao will put his hand on Bernanke’s head. The welter weight midget can swing all he wants. He won’t land a punch because he’s got no leverage to the Chinese stiff arm.

  12. California Doctor | December 7, 2009 at 4:13 pm |

    @France Snoot -
    There’s another contender…. Yao Ming.

    He’s here to play ball, can learn English, and has been packing money into Reminbi/Yuan and Gold.

    Yao will put his hand on Bernanke’s head. The welter weight midget can swing all he wants. He won’t land a punch because he’s got no leverage to the Chinese stiff arm.

  13. frances snoot | December 7, 2009 at 3:01 pm |

    trying to get off of the mat

    Looks like a great fight today, folks. In this corner we have Honest Money Gold Geraldo, dressed to fight today in a patriot hat and blue jacket with a double-buttoned front. Geraldo is a two-time heavyweight champ: representing the USA in guns, guts, and glory. Yes, folks, it’s almost too good to be true. But we have to face the facts. Right up against him, I-know-you-paid-your-money-to-see-this is Big Brawn Bernanke himself: a welter-weight midget with a mean right hook. He might be small, but he sure makes up for it in MEAN: 171.1 pounds of pure fury unleashed upon a single country. He’s relying on the early-on-put to the fight (I’m not saying it’s rigged but I’m not saying it’s not) and he’s not praying to god cause he promised already he’s done saved the world. I know you’re glad you bought those ring-side tickets for this match! Hang on all the skiveys, and may the best money win!

  14. Dante | December 7, 2009 at 1:26 pm |

    GOLD IS NOT GOING UP -PAPER MONEY IS GOING DOWN

    What we are seeing currently is the total annihilation of paper money whether it is Dollars, Pounds or Euros etc. The chart below shows the US dollar against gold. In the last 10 years the dollar has declined by 79% against gold. Most currencies have declined by similar percentages. So it is an illusion to believe that gold is going up when it is the value of paper money that is going down. All gold is doing is to reflect the virtually limitless printing of paper currencies. Since gold can’t be printed, it is the only honest currency that exists. This is why many governments don’t like gold increasing in value against their paper money since it exposes their total incompetence in running their country’s economy

    http://tinyurl.com/ybaekwa

  15. Fight On! | December 7, 2009 at 11:41 am |

    ROTFL at the gold shorts.
    I’ll take delivery.
    Thank you.

    LOL

    Anyone seen a ONE OUNCE American Eagle or American Buffalo lately?

    Maybe China can send some Panda gold coins to us so we can actually conduct trade?

    GLD short?

    Canadian mint short?

    South Africa short of mining capability and capacity?

    LOL

    Then, these idiot gold shorters are Goldman Sachs want met to jump off the gold bandwagon when they’re business doing naked shorts on GLD in order to head fake a suppression in gold price?

    Thank you for bringing the train back into the station Goldman Sachs desk.

    I appreciate it.

    Now, pass me the gold.

    Bwaawahh aha haha!

  17. WL | December 7, 2009 at 10:42 am |

    Gold

    trying to get off of the mat

  18. Phil /Germany | December 7, 2009 at 10:36 am |

    @anything but green.again … Thanks .. that was really short !
    ;-)

  19. anything but green.again | December 7, 2009 at 10:26 am |

    @ Phil

    Sorry, that was three lines. Another attempt:

    Genuine whistleblowers are in jail or dead.

  20. anything but green.again | December 7, 2009 at 10:18 am |

    @ Phil

    Ha-ha! Good challenge. Am about to hit the sack, but let’s see now..

    “Study Mr.Cash&yogi and you will see that there’s only one game on this planet, with fake “sides” that the Olympians fund and control.”

    There’s an excellent article somewhere on the web, that gives better insights into Adnan. Why, he even dated Jacqueline Kennedy. of the old breeding clan. Did you know that she was a direct descendant of Mdme Bouvier who ran the brothel (eugenics facility) next to the London Hellfire Club?

  21. Hullaballoo | December 7, 2009 at 10:02 am |

    @Goldfreak

    No, I just mean why would you buy american minted gold coins. Aren’t they the most overpriced? I could be wrong.

  22. Phil /Germany | December 7, 2009 at 10:01 am |

    @anything but green.again … Cash Yogi

    Wow, could you paraphrase all that for me in one line ?
    ;-)

  23. Phil /Germany | December 7, 2009 at 9:58 am |

    @Mike/Liverpool –> Fiver set for a comeback
    ( Five Pound Note )

    …The £5 note is set for a New Year comeback across UK cash machines after the Bank of England said it would launch a campaign to increase its circulation.

    The Bank plans to urge major banks to increase the availability of £5 notes in their ATMs, while it will also ask retailers to give out more fivers in change to meet consumer demand for the note.

    The number of £5 notes in supply has increased slightly in the last two years from around £1 billion to £1.3 billion, but there is much more to do, according to Andrew Bailey, the Bank’s executive director for banking services and chief cashier.

    In a speech at the Banknote Conference in Washington, he said the Bank now had the evidence to “press the case for raising the dispense of £5s” after two recent successful pilots….
    http://money.uk.msn.com/news/articles.aspx?cp-documentid=151225376

    Sounds to me like they’re preparing for devaluation 5:1 !
    ;-)

    Those heavy 1 GBP coins must be worth more than they weigh by now !
    Remember when the 1 GBP Note disappeared .. everyone wondered why !

    I can just imagine them suddenly saying one day :
    We are recalling all coinage and the smallest denomination will be the 5 GBP note

    1971 #II … LOL !

  24. Bonn | December 7, 2009 at 9:57 am |

    And as well you know there are many Peaks ,Highest one Divides India and China with a Co#do@m Nepal in-bitween. Nepal peeps Peace just a Joke.
    So we Gonna be the Next “Peak- Economy’s”
    RODFL ;-)

  25. anything but green.again | December 7, 2009 at 9:56 am |

    @ Phil, Youri

    Cash Yogi
    http://portland.indymedia.org/en/2006/10/348293.shtml

    This guy is the bag man for some of your favorite truthlings; he’s not a Moslem; that’s just a front (like with the bin Ladens, Mahmoud “Ahmadinejad”, etc.).

  26. WL | December 7, 2009 at 9:55 am |

    From 2 weeks ago

    U.S. Mint Runs Out of Gold Coins

    The U.S. Mint has announced that will stop selling 1-ounce gold bullion coins. Demand has been so strong that they’ve effectively run out of 2009 American Eagle coin

    http://www.businessinsider.com/us-mint-runs-out-of-gold-coins-2009-11

  27. Mike/Liverpool | December 7, 2009 at 9:54 am |

    Its coming!
    http://www.youtube.com/watch?v=iEIOgZxvdDs

    This guy is 1000 times better than CNBC!
    Mike

  28. Bonn | December 7, 2009 at 9:52 am |

    @ stacey
    Plz not “peak panic” Ya guys have to visit ” Peaking”
    and I said it before who ever came up with that phrase “Peak- _____” should be shot for not comming up with something smarter
    For Eg “Shortage untill we find New Reserves”
    Clear consise effective
    Afterall Anil Ambani asked the public in an IPO for 2.9 billion Dollars for his new Oil Co. (didnt even have a proper office) the world offered him 5 billion Dollars
    would ya call that “Peak-overconfidence on one person ”
    RODFL ;-)

    Just kidding “free speech is alive n I belive in it”

  29. Majestic | December 7, 2009 at 9:44 am |

    @ Stacy

    Either on the road to recovery … or that the newly apocalypse-spawned “Mutant Zombie Bikers” will be in charge!

    (Hey, maybe they’ll do a better job than those Blood-Sucking Vampire Squids?)

  31. Phil /Germany | December 7, 2009 at 9:42 am |

    @WL … it would keep elephants and central bankers off our lawn. So far no elephants..

    So from which Central Banker did you get a visit ?
    ;-)

  32. stacyherbert | December 7, 2009 at 9:42 am |

    @Hullaballoo – “who would buy from the US Mint?” . . . apparently you can buy with credit card . . .

  33. Phil /Germany | December 7, 2009 at 9:41 am |

    @ZH

    The US Mint has been running out of Gold Coins for years !
    This time last year, they put out a similar message….
    … and then some Gold dealer was raided by the FBI !
    LOL .. probably got enough Gold for another year !
    ;-)

  34. GoldFreak | December 7, 2009 at 9:41 am |

    Hullaballoo – All American Gold coins must be purchased from the U.S Mint before they come into circulation. If you’re buying American Gold Eagles or Buffalosfrom a Gold dealer they came from the mint.

  35. WL | December 7, 2009 at 9:41 am |

    I told my wife that if we bury gold around the property it would keep elephants and central bankers off our lawn.

    So far no elephants..

  36. Danny | December 7, 2009 at 9:39 am |

    GRA to ballot gardaí (police) on possible industrial action
    http://www.irishtimes.com/newspaper/breaking/2009/1207/breaking29.htm

    “Move is unprecedented because a withdrawel of work by a garda (policeman) is a criminal offence”

  37. stacyherbert | December 7, 2009 at 9:39 am |

    @Majestic – good question, but once we do hit peak panic, then I guess you can say we are on the road to recovery . . . or whatever it is that you want to call what happens post collapse

  38. Majestic | December 7, 2009 at 9:37 am |

    @ article

    hmm… all sounds a bit panic-y, eh?

    I wonder when we’ll have “peak panic”?
    I certainly feel we’re more riding a “W” esque recovery than a “V” shaped one, and the second shoe’s yet to fall.

  39. Hullaballoo | December 7, 2009 at 9:36 am |

    No surprise. What do you expect. There was panic buying going on the past few months. Beside, why would you buy from the US mint anyway?

  40. GoldFreak | December 7, 2009 at 9:36 am |

    US mint out of almost all Gold coins

    By law that should mean the U.S is out of Gold does it not?

  41. Majestic | December 7, 2009 at 9:35 am |

    uno!