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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (28198)	2/13/1999 6:51:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 116759

What do you pay for a 1/10 oz Maple leaf. Did I read earlier that it cost $45 for 1/10 oz Eagle. That's a 50% premium? Gold has to go up if there is that much demand. As an anecdote I went to get some pounds for my wife, who is off to Europe, at my local currency/ gold / silver emporium. Often it is just one person in there at a time. On Wednesday there were 4 other people, buying gold and silver.

To: Bonnie Bear who wrote (28198)	2/13/1999 7:06:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116759

B/bear, Panda's premiums R indeed ritzy. However, Banco$' farfel's post is just another example of a person with a little knowledge being dangerous with it. And then when it is put up for public consumption, we all get to observe how little farfel really knows... Since t'mint can't buy gold directly from anywhere except US Treasury, *and US Treasury is always a buyer of gold, (been there/done that),* the whole premise of farfel's posting is flawed! Mint Capacity is Mint capacity. Source of supplied gold is totally another matter. I've got a couple of cute Panda fractionals simply because I like their art. I did NOT buy them for their gold content. Nor do I particularly wish to support the Chinese gov't with my gold coin purchases. Especially when the Good Lord above dumped it so generously around the gold ole USA... I rather enjoy increasing the US Debt by buying fractionals, and hastening the demise of our "phoney pfiat pflatuently pflaunted" globally! The minting history of the USA is replete with examples of other mints who could mint gold coins. Philadelphia was the most recent gold coin mint prior to West Point's exclusive designation. Prior to that, Dahlonega mint in Georgia was another example. And you can bet the Mormon's haven't forgotten "how" to make gold coins. Hell, even the Hawaiian mint still makes coins. And God knows, the usually ridiculed Franklin Mint is totally primed and ready for a piece of 1/10 gold bidness...since they are the primary mint of choice for many of our global neighbors circulating coinage!!! But there is just one other problem, if the US Mint decides to take up the options presented above: they then elevate/exacerbate their problems by making this year's gold coin issues COLLECTIBLE!!! Why? Because of the varieties which will be introduced by the additional mints, and their similiar, but microscopically identifiable variations in their gold coin minted output!!!! That's all the US gold coin market needs right now: COLLECTIBLE VARIETIES minted 1999! However, gold coin minting, just like platinum minting has its own special idiosyncracies. Just because Phil/Denver/SanFran/WestPoint are all current minting facilities doesn't mean the gov't won't ramp up production, by shipping some "supply" and some dies to the other 3 mints. However, to the best of my knowledge, the last gold that Phil. minted were the "Dick and Jane Run" olympic commems a few years back. For one thing, the good delivery CB bars that Treasury owns are "too pure" for US coin minting, which is not .999 fine gold. Secondly, this takes the whole minting capacity issue back to the "refiner's" bottleneck, the bain/pia of all of us in the gold bidness! If you will stay with me here, visualize a 3 minute egg timer hourglass. The supply of gold is the big end on top, The demand for gold is the big end on the bottom, and the refining/refiner's process to constitutionally mandated US coin minting precise coin minting supply purity is the squoozed in part, where the sand trickles through a couple grains per sec. It is more of a capacity problem, coupled with seniorage problems and refining bottlenecks, more than any blackbart conspiracy, is my analysis. I'm sorry. Y'all know I'm a conspiracy buff from way back, but farfel doesn't cut it with this particular posted display of his bias/ignorance of the actual minting process. O/49r