10/07/09 Stockholm, Sweden – With soaring demand for gold bullion it’s no surprise to see the US government step in and find a way to make it more difficult for you to buy gold and silver. In an announcement yesterday, the United States Mint snuck in some details regarding “products not offered in 2009.”
Included in the mix of coins no longer available in 2009 are the “one-ounce American Eagle Silver Proof Coin; the one-ounce American Eagle Silver Uncirculated Coin; the American Eagle Gold Proof Coins (all weights, as well as the four-coin set); the one-ounce American Eagle Gold Uncirculated Coin; the United States Mint Annual Uncirculated Dollar Coin Set, which also includes a one-ounce American Eagle Silver Uncirculated Coin; and the American Eagle Platinum Bullion Coins (all weights).”
The shortage is being blamed on “unprecedented demand” and the Mint claims to be “working diligently” to be able to offer the coins again in 2010. We’ll believe it when we see it.
Read more details, including text from Franklin D. Roosevelt’s 1933 Presidential Executive Order that prohibited “hoarding gold,” on Zero Hedge’s coverage of this gold shortage.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
The Daily Reckoning is your premier source for making sense of the news Washington and Wall Street generate. Each business day, The Daily Reckoning calls on its stable of world-class writers and thinkers to show you how to get ahead.
Start your 100% FREE subscription to The Daily Reckoning today and you’ll get a free research report, “How to Survive the Fall of Social Security.” Simply enter your email address below to get your free report and join over 495,000 worldwide Daily Reckoning subscribers!
We Respect Your Privacy and We will
Never Share or Sell Your Email Address
