Mint Suspends Gold Eagle Sales By NumisMaster Staff
August 15, 2008
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.