You just can’t talk about government manipulation of gold and silver without an army of know-it-alls calling you a crank.
Much as I hate the problems related to personal gold coin ownership, I certainly feel that folks ought to be able to buy from our own mint the gold and silver coins that they want at a reasonable price.
For the last six months, however, good luck finding the coins at all, let alone for a reasonable price.
The U.S. Mint originally complained about supply problems, with the manufactured blanks that is, with all the pundits telling us that there is and never was a shortage of the precious metals themselves.
Isn’t “bullocks” what our friends across the pond say?
Well, someone finally tallied up all of the rot spewing from the mouthpiece of the U.S. Mint and put it into one cohesive article.
Check it out:
U.S. Mint discourages gold ownership.
I wish I had the money to buy and a place to store it if I did. But the times I considered buying a little GLD or SLV when prices where down I would sometimes fall into a trap of either:
- wanting it cheaper yet
- listening to someone like Jon Nadler or Dennis Gartman saying it’s finished and going MUCH lower
Thankfully I have a little in my portfolio.
Well yesterday even the Swiss National Bank admitted that Richard Russell has it right. When choosing between “inflate or die” the Swiss government has chosen to inflate.
If gold is money, and it is, what currency do you really want to be in when everyone is inflating?
Gold. You got it. Well, metaphorically you’ve got it, because good luck finding it to buy.
I thank my friends at the Casey Report and Ed Steer of Casey Daily Resource for keeping this info in my face on a daily basis.
