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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (10743)	8/27/2008 5:24:15 PM
From: Secret_Agent_Man	Read Replies (2) \| Respond to of 71463

The US Mint Gold Shortage " I have been thinking further about the shortage of gold blanks for the Eagle program. We know that the US Government used up its last vestiges of silver from the Strategic Silver stockpile a few years ago and are now forced to buy silver on the market so the shortage of silver for silver Eagles that came to light earlier this year revealed there is a shortage of silver in the market. On the gold side the Mint is supposed to have "working stock" of gold of approx 2.7 million ozs. In theory even if gold is in short supply in the market they should be supplying their gold to some blank manufacturer for them to convert it into blanks. While the US Mint has gold there should be no shortage of blanks. So this begs the question about what is the true status of the US Mint gold and by implication the US Treasury gold. We know from James Turk’s work that Treasury gold is being used in swap operations, we also know that something fishy has been going on with the US Mint gold because they reclassified their gold from "custodial" to "deep storage" and "working stock". One has to wonder why there are no blanks if the US Mint has the gold…which leads me to the possibility that they don’t. Or if they do they don’t want to part with it anymore in unlimited quantities. Cheers Adrian" from lemetroploecafe.com-james joyce table