U.S. is out of gold. Dealer reports.

[llepard]

Well this is it.

Gold of almost any sort is unavailable according to my coin dealer.

 

[Bodhi]

Has he got any silver left?

 

[gls]

Apmex has some 1/2 oz AGEs for WAY over spot

http://www.apmex.com/Category/294/Gold_Eagles___1_2_oz_2008__Prior.aspx

 

[Primbs]

If they are really out of gold, shouldn't the price of gold hit 1000 very soon?

 

[Brian]

I steer all of my business to Camino Coins, Burt's place, although he's semi-retired:

http://www.caminocompany.com/index.htm

I haven't talked to them lately as I divested from the toilet paper to metals a while back, but try them.

 

[tropicangela]

Maybe that's where the 700 billion went. They grabbed the rest for their greedy selves.

 

[CurtisLow]

Maybe that's where the 700 billion went. They grabbed the rest for their greedy selves.

Hmm.. Sounds like something they would do.

 

[slacker921]

holy cow..
http://www.bulliondirect.com/nucleo/lp/American_Buffalo_Gold_Coin_(1.00_oz).html

BID:
1 $900.00
500 $893.00
1 $875.00
1 $870.00
2 $817.00
1 $800.00
1 $800.00
1 $800.00
1 $776.00
2 $770.00
3 other Bids

and... ASK:
2 $1048.00
1 $1500.00
1 $2000.00

 

[mczerone]

Maybe that's where the 700 billion went. They grabbed the rest for their greedy selves.

Don't put it past 'them'. The State apparatus is only beneficial to those in power, and those in power tend to not care about rules or laws or even rights or justice.

If you had keys to the bank vault, and she were about to go up in flames, wouldn't some despicable people carry as much as they could for themselves, and claim it was lost to the fire?

 

[mconder]

Well this is it.

Gold of almost any sort is unavailable according to my coin dealer.

According to my coin dealer the U.S. has stopped minting gold and silver coins as of a few weeks ago.

 

[Rhys]

Well this is it.

Gold of almost any sort is unavailable according to my coin dealer.

Did you catch the news last week that the US Mint shut down sales of US Mint gold coins?

 

[Lord Xar]

no gold? What about ordering it outside for delivery?? What are the options for that?

 

[gilliganscorner]

Same here in Canada:

The plunging stock market in Canada has led to a spike in gold purchases, and gold brokers may soon have trouble keeping up with demand.

A teller at Scotiabank's precious metals exchange desk in the Scotia Plaza said Thursday that nervous investors had already purchased all of Scotia's one-ounce gold bullion bars, which are slightly cheaper than the Scotia one-ounce gold coins. The bars, which are emblazoned with the Scotiabank logo, are expected to be in stock by the end of October or early November.

"It's been crazy here," the teller said.

All other denominations, including the one-ounce gold maple leaves produced by the Royal Canadian Mint, are readily available at the moment.

Michael Levy, a gold broker based in Surrey, B.C., said the volume of people purchasing gold is at its highest since the inflation scare of 1979. "People were buying then because of inflation, now because of a growing distrust in paper currency," he said. "It's a different mentality but the same rush."

Mr. Levy said that the Royal Canadian Mint had stretched its delivery schedule from the usual two to four days to as much as a week. He suspects the increased demand from worldwide gold investors after the U.S. Mint ran out of one-ounce American Eagle coins in August and one-ounce American Buffalo coins at the end of September is putting an increased strain on the RCM.

"Their ability to produce is finite. You can't just buy another press. If this demand keeps up, keeps expanding, well there will be a supply problem," he said.

Alex Reeves, a spokesperson with the mint, said they are on pace to exceed their 2007 totals of 278,000 ounces of gold bullion coins, bars and wafers produced. The mint's Ottawa facility is running at maximum capacity, he said.

"[Distributors] would like more gold than we can produce but we're supplying the best we can. Look at that as good news," he said. "We're able to keep producing gold while the U.S. Mint has to throw up their hands and say, 'we're out.'"

http://network.nationalpost.com/np/blogs/fpposted/archive/2008/10/04/195996.aspxi

 

[lucius]

Beginnings of friendly fascism...suppress the price, limited supply; then the media will assuage my idiot/rube/monkey countrymen with some variant of 'Yes! We Have No Bananas'.

 

[ClayTrainor]

Same here in Canada:


http://network.nationalpost.com/np/blogs/fpposted/archive/2008/10/04/195996.aspxi

Excellent, thanks for the article.

looks like we still got time in Canada

 

[gilliganscorner]

Excellent, thanks for the article.

looks like we still got time in Canada

Don't buy anything from Scotia. Unless you want to part with every piece of personal information you have.

 

[Ninja Homer]

I know gold in hand is best, but how about goldmoney.com or bullionvault.com? Are they safe? Are they selling gold they don't have?

 

[gilliganscorner]

I know gold in hand is best, but how about goldmoney.com or bullionvault.com? Are they safe?

With all due respect, you answered your own question.

 

[werdd]

I was going to go to my local coin store last friday, i was shocked to see that they had closed shop.

Guess he figured he'd take his investment and run with it.

 

[ClayTrainor]

Don't buy anything from Scotia. Unless you want to part with every piece of personal information you have.

Yea i hear ya but, I have such a kickass hiding place for my metals, that no matter what information they take, they'll never find my gold after they sell it to me.