U.S. Mint Widens Gold Coin Freeze, What’s Next?
By Dividend.com Staff
October 8th, 2008
U.S. Treasury Freezes Production, Sales of all American Gold Coins
A Mike Adams: Health Ranger Comment
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U.S. Mint Widens Gold Coin Freeze, What’s Next?
By Dividend.com Staff
October 8th, 2008
The U.S. Mint has widened the freeze on sales of gold bullion coins.
Investors have been piling up holdings of the coins as the markets have been rocked with turbulence. The government’s latest action is halting the production and sales of gold and platinum coins. This move comes after the Mint stopped sales of two other coins in August and September.
Back in the 1930’s, President Franklin D. Roosevelt, recognizing the inherent value of a currency based upon gold, and looking to stabilize the U.S. dollar, ordered gold coins owned by American citizens to be confiscated. Americans that did not comply faced large fines and/or jail sentences. In order to protect coin collectors, the only exemptions from the confiscation were rare or otherwise special coins.
The Bottom Line
No one is expecting the same sort of blatant civil and property rights violations that FDR masterminded back in the 1930’s, especially since our currency is no longer based on the Gold Standard. However, our modern government is clearly taking drastic steps to slow the public’s panicked flight away from the dollar and towards gold. Given the current state of our economy, we can only assume that there will be more measures to follow.
5 Responses to “U.S. Mint Widens Gold Coin Freeze, What’s Next?”
1. Mint News Blog Says:
October 9th, 2008 at 12:58 pm
Good insight. I also think the suspensions and halts are not really about inability to produce enough coins. There have been at least five years when gold bullion sales were higher.
2. ARYA MENSA Consultants Says:
October 9th, 2008 at 1:39 pm
This follows the MANDATES in THE PROTOCOLS…where they say they will get all the gold and silver…so, it should be no surprise to anyone….
3. Art Says:
October 10th, 2008 at 5:56 pm
No one is expecting the same sort of blatant civil and property rights violations that FDR masterminded back in the 1930
4. werner retired Says:
October 10th, 2008 at 8:23 pm
And next Ladies and gentlemen comes the devaluation of the dollar
5. Mark Herpel Says:
October 15th, 2008 at 7:31 am
Digital gold, allocated bullion held securely in vaults. No real chance of losing that stuff.
Mark
editor @ dgcmagazine.com
Link: http://www.dividend.com/blog/?p=2187
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U.S. Treasury Freezes Production, Sales of all American Gold Coins
A Mike Adams: Health Ranger Comment
The is the step before national gold confiscation: The U.S. Treasury has frozen all gold coin production as of October 8th, 2008. The mints have been ordered to stock selling all gold coins to consumers. Gold is now under assault by the U.S. government...
Link: http://www.naturalnews.com/News_000349_gold_coins_US_Treasury_money_supp...
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Other Comments
Thanks for that Ant. Its the same here. I have in my possession a copy of a letter from Perth Mint to a coin dealer that states they have shut down with no reopening date as they cannot keep up with unprecedented orders for coins from the public. They are working 3 shifts a day 24/7 and will honour all existing orders.
Another note, I could be wrong, and hope I am, but I am almost certain the economy will collapse around December and have already stocked 4 months dry food. Fresh Water will be even more important. Next is we will scour for seed banks so we can grow some crops if things get seriously 'not so good'. May be important to be prepared to move to a Rural area when the crap hits the fan.
Sorry, isn't intent to cause fear. I am prepared coz I am solution oriented.
We all ought to be....
Regards
Marko
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Out of currency into gold?
U.S. Treasury Freezes Gold Mints, Gold Coin Sales
This action may be the knife edge for the big crash.
Remember in the US government has a record of confiscation of gold to 'save the nation'.
It wouldn't surprise me if that trend went world wide.
I note that gold went from $885 to $931 today.
Neal
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U.S. Treasury Freezes Gold Mints, Gold Coin Sales
As of yesterday, the U.S. government has shut down its gold mints. No more official gold coins are being minted in the United States of America. The sales of all U.S. Treasury gold coins has been frozen until further notice. All American Eagle gold coins are sold out across the nation. There are simply no more coins left.
Investors have been piling up holdings of the coins as the markets have been rocked with turbulence. The government's latest action is halting the production and sales of gold and platinum coins. This move comes after the Mint stopped sales of two other coins in August and September.
The government is clearly taking drastic steps to slow the public's panicked flight away from the dollar and towards gold. Given the current state of our economy, we can only assume that there will be more measures to follow.
Why would the U.S. government freeze the production and sale of gold coins right in the middle of peak demand for those coins?
Why also is the price of gold so low when there's a peak demand for gold?
The only logical reason is called 'Executive Order 6102,' signed into law in 1933 by FDR.
You can read about it here: http://en.wikipedia.org/wiki/Gold_confiscation
Back in the 1930's, President Franklin D. Roosevelt, recognizing the inherent value of a currency based upon gold, and looking to stabilize the U.S. dollar, ordered gold coins owned by American citizens to be confiscated. Americans that did not comply faced large fines and/or jail sentences. In order to protect coin collectors, the only exemptions from the confiscation were rare or otherwise special coins.
The only other reason is that the mints may being converted over to stamp out coins in a NEW currency designed to replace the dollar. When the dollar collapses (which could happen in a matter of weeks or months, depending on the global finance situation), the U.S. needs to be ready to introduce a replacement currency, at which point the citizens will be offered perhaps five cents on the dollar to exchange worthless dollars for the new currency.
In any case, the U.S. gold mints have been frozen, and gold coin sales from the mints are frozen. Historically, this is a possible precursor to gold confiscation. It is a sign that the federal government is desperate in its attempts to limit the financial options of the People. The government, simply put, doesn't want the People to be able to buy any more gold, because there's a rush right now OUT of the dollar and INTO gold.
The Elites have already forced the price down and bought what they wanted.
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Comments
I think it would really be
I think it would really be better to introduce a replacement currency over the gold bullion coins. Gold prices are soaring high right now. I don't think they would do gold confiscation even if the mints are frozen now. Cash for Gold
Gold Coins
How about some actual detail - like a reference to where you got the information you are talking about. In journalistic writing, it helps to know whether the writer is relying on factual information or heresay.
Gold Buyers
So, if you have jewelry items you’d like to turn into immediate CASH, we strongly urge you not to be fooled by marketing rhetoric of other online dealers, but consider turning to All-American Gold Buyers for all your gold selling needs, where honesty and integrity are the fundamental principles of our business model.
Yes. You can never know the
Yes. You can never know the truth behind what is happening. The market looks good today and can never tell what tomorrow can bring.
Re: Gold Coins - Reply From Arthur Cristian
I suggest you contact the writers directly, links provided and any reply/info you receive please post them here as comments. I can then covert them to articles if merited.
http://www.dividend.com/blog/?p=2187
http://www.naturalnews.com/News_000349_gold_coins_US_Treasury_money_supp...
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Also, check out this website www.AmeroCurrency.com providing lots of factual info about the Amero etc.
All the best
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Love For Life