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To: Hawkmoon who wrote (54048)6/11/2000 9:51:00 AM
From: long-gone  Read Replies (1) | Respond to of 116779
 
BUT is the US Government still rationing the number of gold eagles sold to a single dealer?????????????



To: Hawkmoon who wrote (54048)6/11/2000 10:18:00 AM
From: Superhawk  Read Replies (1) | Respond to of 116779
 
Ron:

The US Mint does not sell bullion coins directly to "There's a sucker born every minute" private investors. From their web site:

"Bullion Coins For Investors -- Overview

American Eagle Bullion Coins

Congressionally authorized American Eagle Bullion coins are intended to provide investors with a convenient and cost effective way to add a small amount of physical platinum, gold, or silver to their investment portfolios. The American Eagle Bullion program was launched in 1986 with the sale of gold and silver bullion coins. Platinum was added to the American Eagle Bullion family in 1997. A bullion coin is a coin that is valued by its weight in a specific precious metal. Unlike commemorative or numismatic coins valued by limited mintage, rarity, condition and age, bullion coins are purchased by investors seeking a simple and tangible means to own and invest in the gold, silver, and platinum markets. American Eagle Gold and Platinum Bullion coins are available in four denominations: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce while the silver bullion coin is only available in the one ounce size. American Eagle Bullion Coins are not sold to the general public directly from the United States Mint. Rather, they are available through a network of distributors."

usmint.gov

All US bullion coins move through middlemen, and free market forces assign premiums accordingly.

Regards -

Superhawk



To: Hawkmoon who wrote (54048)6/11/2000 11:03:00 AM
From: goldsnow  Respond to of 116779
 
US GDP growth has moved more in line with the financial conditions index, although it has not fully reflected the rise in paper wealth. This, the Access economists suggest, could be because US consumers did not believe the recent increase in wealth was permanent.

In Australia, the wealth effect has not been as strong, and Australian GDP growth has tracked the monetary conditions index.

afr.com.au
So far, US spending has been less responsive to the increase in interest rates than Australian spending, and US rates have to go up by more in order to slow the economy.