Thread: U.S. Mint to cease one-ounce American Eagle gold coins

http://www.digitaljournal.com/article/282924


The United States Mint has announced that it will suspend the sales of one-ounce American Eagle gold coins until early December because of depletion in inventory.
Presently, gold is trading at $1,176.90USD and is expected by many financial analysts to continue to rise to possibly $2,000 and maybe even $5,000 such as famed investors Jim Rogers and Peter Schiff.
Amid fears of inflation and decrease in the value of the United States Dollar, investors are slowly fleeing the Dollar and putting their money into gold as a hedge and with the popular demand of gold, the US Mint will temporary suspend sales of one-ounce gold American Eagle coins, according to Reuters.
Current November sales are sitting at 124,000 ounces, which is much higher than the 115,000 ounces sold in September and October. The Mint expects to resume the sale of gold bullion coins in early December.
On Wednesday, the Mint issued a statement to authorized dealers, “The United States Mint has depleted its current inventory of 2009 American Eagle 1-ounce gold bullion coins due to the continued strong demand for this product.â€

And at one time Fort Knox was said to have 700 to 800 million ounces of gold in it. So where's our gold? The gold that belongs to the American people by right.