The U.S. Mint – a division of the Treasury Department – has halted the sale of American Eagle gold coins due to “depleted inventories” of the increasingly valuable metal.
Sales of the coins will resume once “sufficient inventories of gold-bullion blanks can be acquired to meet market demand,” according to a statement posted on the Mint’s website, although production of the popular 2009 gold American Eagle coins will not be resumed.
Sales of American Eagle gold coins jumped to 1.07 million ounces this year through October, from 568,000 a year earlier as the price of gold soared, the Mint said.
Previously, the world’s top gold producer said that the global gold supply was in “terminal decline,” prompting the price of the precious metal to skyrocket. In addition to its scarcity, gold is viewed as a safe bet compared to other assets in the current “liquidity bubble” created by unprecedented bank bailouts.
For a higher resolution look at the girl “guarding” our founding editor’s stash of gold reserves, click on any of the images below …
By Liberty For Me November 28, 2009 at 12:08 pm
Small shock….we will have $2000 gold by end of next year..
That correlates to many businesses going out and maybe $6.00 gas
By Ynot November 28, 2009 at 12:20 pm
the world is running out of gold.
HA
By James the Foot Soldier November 28, 2009 at 10:35 pm
Liberty – i’m all for $6.00 gas – i’ve got a nice chunk of my portfolio in can-roys that have weathered obamanomics quite well.
By PasserBy November 29, 2009 at 8:13 pm
That’s not Tebow’s girlfriend. Not at all.
By Elmer November 30, 2009 at 8:45 am
Diluting the value of coins is the oldest trick in the book of a corrupt government. Kings used to confiscate all the nation’s gold and silver to make coins. Over a period of several years, the king would dilute(steal) the amount of gold in each coin.
Too bad people don’t become more agitated when they are getting robbed.
By Juergen December 10, 2009 at 12:30 pm
So you are saying that the 1 ounce gold coins are not 100% made of gold?
By Patrik August 1, 2011 at 8:49 am
Man, 1rst of all if i could choose between all the gold in the world & i mean 100% of it or the lovely miss Lucy Pinder. I would choose Lucy cuz she is absolutely beautiful. If you wonder why I made that choice its because gold is an object & a woman especially Lucy Pinder deserves respect plus to me money WILL run out one day or another so i only want to live a life not be surrounded by cash.