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| US Mint Suspends Production of More Gold and Silver Coins |
| 2009-03-19 |
| The United States Mint has officially announced the suspension of another slate of gold and silver products. The affected products are 2009 dated American Gold and Silver Eagle coins produced for collectors. These coins are considered collectible versions of the bullion coins. Although these are collectible coins, they represent a sizable amount of precious metals sales and represent a method of gold and silver investment for many individuals. Last year, the US Mint sold 1,157,911 ounces of silver in the form of Silver Eagle coins minted for collectors. They also sold 155,740 ounces of gold in the form of Gold Eagle and Gold Buffalo coins minted for collectors... |
| Posted by:Anonymoose |
| #15 Food, water, ammo components. |
| Posted by: Alaska Paul 2009-03-19 22:55 |
| #14 I'm stockpiling food. |
| Posted by: Deacon Blues 2009-03-19 20:54 |
| #13 I'm investing in base metals - copper, zinc, lead, in various alloys. And a little mercury too. Oh, and a mess of nitrate compound. |
| Posted by: Glenmore 2009-03-19 19:59 |
| #12 collectable coins aren't taxed. When you sell them, you are supposed to report your earnings, which will be taxed at 28% I might be wrong, but it sounds more likely than "not taxed" |
| Posted by: flash91 2009-03-19 16:15 |
| #11 American Eagles are the dollars I prefer right now. |
| Posted by: European Conservative 2009-03-19 15:51 |
| #10 As for confiscation please keep in mind that "Rules (Laws) are for the obedience of fools and the guidance of wise men". |
| Posted by: Canuckistan sniper 2009-03-19 13:50 |
| #9 Please provide a link for the "flat out production of bullion coins", I can't find it. The US Gov't has confiscated gold coins before, the confiscation was ratified by the US Supreme Court, and they can do it all over again. Hoard your 1909-1982 Lincoln pennies, they are worth 115% of their face value, in copper. Come to think of it, it's been a very long time since I've seen one in circulation. |
| Posted by: Anguper Hupomosing9418 2009-03-19 11:39 |
| #8 Replace Gold with the $3 Dollar Obama Bills. It will 'Stimulate' both the economy and the senses. Order now. Special Consideration: These bills can not be used to pay US taxes or buy US treasury bonds; May only be used for Carbon offsets and super-duper batteries |
| Posted by: airandee 2009-03-19 08:42 |
| #7 I'd be a little cautious about putting all my eggs in the bullion basket. Under the "new deal" President Rooselvelt outlawed the private ownership of gold. With private ownership of gold illegal in the U.S., Roosevelt re-defines the U.S. "dollar" from 25.8 grains of 900-fine gold to 15.375 grains of 900-fine gold, and starts paying off the 20 billion dollar federal debt in these new smaller "dollars". |
| Posted by: Besoeker 2009-03-19 08:12 |
| #6 Law is if the collector value (aka premium)is 15% above bullion value, then the 'coin' is not subject to taxes or confiscation. The mint will only issue bullion now. |
| Posted by: SR-71 2009-03-19 07:39 |
| #5 What is the premium? |
| Posted by: Cynicism Inc 2009-03-19 06:49 |
| #4 Any profit made on the sale of bullion is subject to capital gains tax. Collectible coins are sold at a cost premium and are currently not subject to taxation or to confiscation as in 1933. |
| Posted by: SR-71 2009-03-19 06:45 |
| #3 making sure the treasury is useless? |
| Posted by: newc 2009-03-19 01:03 |
| #2 The headlines misleading. They are flat out producing bullion coins, so no capacity to produce special editions. |
| Posted by: phil_b 2009-03-19 00:40 |
| #1 The new obama coins, minted in pot metal, the new backing for US currency, should be available Real Soon Now... |
| Posted by: M. Murcek 2009-03-19 00:13 |