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U.S. gold coin mint closes, Swiss gold refineries cut production, but paper and electrons remain ample
10:47p ET Friday, April 17, 2020
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly tonight elaborates on the indefinite suspension of U.S. gold coin production just as demand had become stronger than it had been in years. Manly notes that this follows production cutbacks at the Royal Canadian Mint and the reduction in operations at gold refineries in Switzerland.
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But of course Canadian paper mills remain in operation, as do the computer keyboards at the New York Commodities Exchange and in the trading room at the Federal Reserve Bank of New York, which continue pumping out electrons, so there shouldn't be any problem maintaining the illusion that there is plenty of gold.
Manly's commentary is headlined "US Mint Closes West Point, Adding to American Gold Bullion Coin Shortage" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/us-mint-closes-west-point-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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