Interesting article by James Turk about US Mint inability to meet demand for gold coins. He notes that the US Mint's reported working stock has remained at exactly 2,783,218.656 ounces since April 2006. Now I agree with him that this is unlikely, but in addition to his suggested reasons:
* Maybe the Treasury does not want to part with its remaining gold at these current low prices.
* Maybe the Treasury does not want Americans to exchange their fiat dollars for the safe haven of gold as the central banking fiat money scheme implodes.
* Maybe the Mint doesn't have any gold because the 2,783,218.656 ounces were loaned out.
* Maybe the Treasury doesn't have any gold either.
I would like to propose some more mundane reasons:
* Some linking formula in a spreadsheet broke and the government official responsible for putting the numbers together didn't notice it because they don't give a stuff.
* US Mint realised it is competitively sensitive information and don't want to supply it anymore (should still disclose that in the noted to the figures).
Out of interest I used the fms.treas.gov online enquiry and let them know about the discrepancy. No reply as of yet, will be interested to see if I get one or if the numbers get fixed. Will let you know what happens.
* Maybe the Treasury does not want to part with its remaining gold at these current low prices.
* Maybe the Treasury does not want Americans to exchange their fiat dollars for the safe haven of gold as the central banking fiat money scheme implodes.
* Maybe the Mint doesn't have any gold because the 2,783,218.656 ounces were loaned out.
* Maybe the Treasury doesn't have any gold either.
I would like to propose some more mundane reasons:
* Some linking formula in a spreadsheet broke and the government official responsible for putting the numbers together didn't notice it because they don't give a stuff.
* US Mint realised it is competitively sensitive information and don't want to supply it anymore (should still disclose that in the noted to the figures).
Out of interest I used the fms.treas.gov online enquiry and let them know about the discrepancy. No reply as of yet, will be interested to see if I get one or if the numbers get fixed. Will let you know what happens.
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