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U.S. mint suspends gold coin sales; futures price is a fiction
Alex Stanczyk (August 17th, 2008) Writes:
Submitted by cpowell on Fri, 2008-08-15 04:27. Section: Daily Dispatches12:25a ET Friday, August 15, 2008
Dear Friend of GATA and Gold:
The U.S. Mint has suspended sales of American eagle gold coins and is refusing orders from dealers, two coin and bullion dealers confirmed Thursday.
The mint’s suspension of gold coin sales follows its tight rationing of sales of silver eagle coins, begun in May, when sales to the public were terminated and sales to the mint’s 13 authorized dealers were tightly limited.
Word of the mint’s suspension of gold coin sales came from the American Precious Metals Exchange in Edmond, Oklahoma, (http://apmexdealer.blogspot.com/2008/08/news-alert-us-mint-suspends-sale…) and from Centennial Precious Metals in Denver, Colorado.
The suspension is overwhelming evidence that the futures contract price of gold
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