The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (142361)	8/22/2008 7:34:38 AM
From: Dan3	Read Replies (1) of 306849

Is the physical gold issue still there: The Eagle Has Been Grounded By Ianthe Jeanne Dugan Word Count: 575 As gold prices tumbled from their highest level ever, investors and collectors loaded up on one-ounce "American eagle" gold-bullion coins. The buying spree came to an abrupt halt this week after the U.S. Mint stopped selling the coins for the first time since production began 20 years ago. "Due to the unprecedented demand...our inventories have been depleted," the Mint -- part of the U.S. Treasury Department -- told its dealers Friday. "We are therefore temporarily suspending all sales of these coins." The move shocked sellers and collectors of the coins, which are the most widely traded in the U.S. Suppliers ...http://online.wsj.com/article/SB121928079980258833.html This makes no sense - what happened to cause a shortage of physical gold while prices stay flat?

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