Mint Suspends Gold Eagle Sales By NumisMaster Staff
August 15, 2008
The
Gold Anti-Trust Action Committee is reporting at their website
that The U.S. Mint has suspended sales of American Eagle one
ounce gold coins and is refusing orders from dealers.
GATA reports that two coin and bullion dealers
have confirmed the suspension by the Mint. This news was initially
reported by American Precious Metals Exchange.
Chris Powell, Secretary/Treasurer of GATA,
says in a website posting, "The suspension is overwhelming
evidence that the futures contract price of gold on the commodities
exchanges is substantially below the physical market price
and that, indeed, the commodities exchanges are being used
as GATA long has maintained - as part of a massive scheme
of manipulation of the precious metals, currency, and bond
markets."
As of today, fractional gold (1/10 oz, ¼
oz and ½ oz Gold American Eagles) remain unaffected
by the shortage. The mint web site is currently not reporting
any suspensions of sales and one ounce uncirculated coins
are still for sale at the web site.