bullionmarketplace.com — Due to the increase of gold bullion prices the U.S. Mint made the decision on Thursday September 13th, 2007 to suspend the sale of 2007 American Gold Eagles. Upward movement of gold prices has put pressure on the U.S. Mint by increasing the liability of short changing the U.S. Government by selling the public an ounce of gold below market value.
Sep 13, 2007 View in Crawl 4
macman2kSep 15, 2007
wealth has been concentrated over the past 50 years. Allowing the creation of money by ANYONE steals money from EVERYONE else. Why is it illegal for you to "print" your own money, but if you "bribe" the bank with interest you can "create money". Inflation transfers wealth from the people to the creators of money. It is bound to fail and leave all but the elite impoverished.
grrrrrrrrrrrrrrSep 15, 2007
IMO, $725 is the break-out price. And watch out after $800...
Closed AccountSep 16, 2007Submitter
Dugg down for being an idiot.
Closed AccountSep 16, 2007Submitter
It's clearly stated the coins are NOT sold out, they are being repriced.
Closed AccountSep 21, 2007
Otto, your understanding of the mechanics of specie is poor. The supply of gold is not required to stay constant for it to be an effective and fair medium of exchange, one that is understood by both parties to have a certain value.With modern measurement techniques, you can divvy up gold to the atom and trade gold atoms, the book keeping is just procedure.
spanknwoOct 11, 2007
$100 is too little amount to buy gold with. You will be fighting the markups on it to get any percentage out of it. If I were you I would be a buyer of $10 face value rolls of junk silver. Eventually you will be able to swap silver for gold on a good basis. Go to Ebay and find a reputable seller of "junk" silver. I think you need about a $1000 a month disposable to buy gold at a good basis.
spanknwoOct 12, 2007
If the value of real money, gold and silver, goes up as in a deflation of the price level, workers and capitalists will be motivated to open up mines or do placer mining. Think of it; if I can make more money panning for gold out in the wilderness than I can working as a cashier all day then I will be running for the hills. Many people migrated to Mexico during the 30's to look for gold in the mountains.
goldblogger770Nov 9, 2007
today'syou ever heard that Russian alchemists have found a way to manufacture gold from lead at a cost of 400-600$ an ounce? They have never done it before because the manufacturing cost was too high. However, at today’s gold prices they are making a killing! What do you think?
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govtdoesnotworkMay 10, 2009
Silver may be far more useful, but gold's far from useless...Parts of the computer you're typing on likely contain both Au & Ag as well as other rare metals, in fact.