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mint has sold 57,000 ounces of gold in 2013

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  • nibannynibanny Posts: 2,761 ✭
    115,000 are the coins. 57,000 ounces.

    Still not bad for being a barbarous relic!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • bronco2078bronco2078 Posts: 10,211 ✭✭✭✭✭


    << <i>115,000 are the coins. 57,000 ounces.

    Still not bad for being a barbarous relic! >>



    Title corrected , I'm less impressed than I was a minute agoimage
  • tneigtneig Posts: 1,505 ✭✭✭
    When you look at the progressive amount of silver coins they've been minting/selling over the years, it shows a tremendous increase in the last several years.

    They are pretty smart. Sell citizens the silver, making profit from the venture. Get rid of the old silver. Boost the silver industry with more demand, then it had before. Then take capitol gains. Then plan to work in some transaction taxes or fees..

    I'm wondering how much this has affected the total silver market itself. Now thats market manipulation....We may be setting the demand and price more than the industrial use and other factors in total. The game is interesting.

    ------also-----
    "United States Mint American Eagle Platinum Bullion Coins, which are not mandated by public law, have not been produced or offered for sale since 2008. " Wonder why they stopped minting. Read some interesting stuff on Platinum demand lately, and its status as a PM/Monetary item..
    COA
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Looks like 65,000 oz to me.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • bronco2078bronco2078 Posts: 10,211 ✭✭✭✭✭


    When I posted it a few hours ago it said 57,000 ounces 115,000 coins image



    There must be at least a few Joe six packs backing up the truck for the new year
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