Hi Anchor,
The following text has been copied from the US Mint homepage:
"Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .”
The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced.
Update: Due to the continued, sustained demand for American Eagle Gold Bullion Coins, 2009-dated American Eagle Gold Uncirculated Coins will not be produced."
http://catalog.usmint.gov/webapp/wcs...dentifier=1150
Another possible reason could be to prop up the DOW. How? It's simple. If you take away one possible investment avenue, automatically you force the smaller investors into the other avenues.
Basically there are four avenues for a smaller investor to choose from, commodities, precious metals, stock markets and currency exchange.
If you were an investor with your US dollars, where would you go now? The safe haven of gold has been almost shut out, commodities are higher in price, foreign currencies are becoming expensive against the dollar, so that means there is basically one place to go, the stock market.
I have been asking myself why the DOW has been rising so much lately considering the amount of terrible economic news that has been flying around.
I think the small investor must come to a decision quickly, sell up and move out or probably lose a lot of financial power in the future.
Best regards,
Steve
Quote:
Originally Posted by Anchor
Perhaps they ran out of physical Gold ? Orders unfulfilled...
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