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One speaker echoed my speculation that the US mint has stopped minting gold coins to hold onto the gold the ]Treasury has left.."
Don, the US Mint has 2 big problems - (1) the pricing of Gold and Platinum coins/bullion - because they were selling both Gold and Platinum coins/bullion when those metal prices were high; and, now that both metals have dropped how do they price the coins/bullion pieces without affecting people who just bought at previous higher prices. Dealers who bought the American Eagle Gold and Platinum coins/bullion at the higher prices have to sell at a loss or put them away until Gold and Platinum prices rise. (2) the US Mint stopped selling the Gold pieces because they could not meet demand at the time our US economy took the big hit and people starting buying Gold as a hedge.
Your thoughts.
