Is Bullion Rationing Already Occurring?

By | November 30, 2013

bullion-rationingLong term supporters of sound money and holders of gold feel that there is a manipulation in the current markets, depressing the value of gold to make the dollar look strong. After finding out there is a shortage at the U.S. Mint gold of silver bullion coins, there could be a price increase right around the corner. Since the monetary crash in 2008, many Americans continue to be skeptical of the paper dollar system backed by the “complete faith and credit” of a country that has actually driven itself so deep into poverty and guaranteed more social advantages than the economy can possible offer, that many countries, including the great superpower China is no longer stock piling US currency. To simplify it, our currency is becoming more and more worthless every day.

From 2000 to 2007, sales of the U.S. Mint American Eagle gold bullion coins averaged about 341,000 ounces every year. After the crash of 2008 exposed the risk of paper properties, sales of gold bullion has averaged at about 1,011,300 ounces annually from 2008 to 2013.

Year to date sales of the American Eagle gold bullion coins as of the end of November totaled 800,500 ounces, going beyond overall 2012 sales of 753,000 ounces. For November the U.S. Mint sold 48,000 ounces of gold bullion coins, a little less than the sales figures of 48,500 for the previous month. All because 2000 investors have stored around 8.8 million gold bullion coins presently worth about $11 billion.

Gold has actually retained its value throughout human history and strong need for gold over the ages has led to the deficiency of most gold deposits on earth.

This exact same lack circumstance existed in 2012 when the Mint ran out of silver bullion coins in mid December with orders for the brand-new 2013 silver bullion coins not being accepted till January 7, 2013. This situation led to a 3 week duration throughout which the American Eagle silver bullion coins were simply not readily available.

The amount of time throughout which the silver bullion coins will be not available during December 2013 to January 2014 will are longer than last year.

According to silver bullion coins will not be offered for investor purchase for over a month and supplies will be rationed when offered.

With such a severe shortage of silver bullion coins available, anticipate purchaser premiums to increase considerably over the next 2 months.

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