from a professional investor's BBS ...
(snip)"Fed coin-melt bars are turning up all over Europe and the Middle East.
For those of you who don't know what they are, Fed coin-melt bars were produced from the gold that was seized by FDR in 1933 and the bars were safe-kept in West Point, NY.
These bars are .899 gold, which makes them inferior quality gold on the world market. It is thought that this is an indication that the Fed is running out of physical gold and the coin-melt bars represent scraping the bottom of the barrel in the price suppression efforts.
My colleague in Lichtenstein confirmed the proliferation of these bars on the European market and I just received information that dealers in Dubai are seeing them all over the place.
This could get very interesing..."(snip)
This relates to a curious fact that, while the 'paper price' of gold on international commodity markets remains in the US$700-750 per ounce range, a huge number of 'retail precious metals dealers' simply do not have any gold bullion coins available for sale to small time investors.
from the leading online precious metals seller Kitco ...
(snip)"The following products have been temporarily removed from our Precious Metal Store until further notice due to production and delivery delays that retailers are currently facing; Gold Eagle 1 oz, Gold Maple 1 oz, Special Gold Maple 5 X 9 pure 1 oz, Gold Buffalo 1 oz, Gold Krugerrand 1 oz, Gold Bar 10 oz, Gold Bar 1 oz, Kitco Gold Bar 1 oz, Kitco ChipGold 10 g, Kitco ChipGold 20 g Gold Philharmonic 1 oz, Silver Philharmonic 1 oz, Silver Eagle 1 oz, Silver Maple 1 oz, Silver Bar 100 oz, Platinum Eagle 1 oz, Palladium Maple 1 oz, Silver Maple Olympic Coin 1 oz.
These products will be relisted and available for order as soon as fresh inventory is readily available. In the interim, we will focus on completing pending orders as our top priority."(snip)
the 'tin foil hat' crowd is of the opinion that, based on today's probable election results, international confidence in the US dollar is likely to experience a steep and sudden decline. Thus US gold stores have been used to 'artificially' prop the US dollar's exchange rate to create a window of opportunity for 'big money investors' to move their money out of the US economy and into offshore alternatives (a.k.a. tax havens) with a minimum of additional losses. The 'tin foil hat' crowd is then of the opinion that once 'tax and spend and borrow and spend more' policies are firmly in place in Washington DC, the US dollar will tank and the US dollar denominated price of gold - as well as the US dollar denominated price of oil / gas / food and other imports - will skyrocket !
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