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J.P. Koning: Why the U.S. Mint once issued gold discs to Saudi Arabia
9:45p ET Monday, November 26, 2018
Dear Friend of GATA and Gold:
Writing at Bullion Star, market analyst and monetary historian J.P. Koning tells the fascinating story of how in the late 1940s the U.S. Mint in Philadelphia made gold coins for the Saudi Arabian government that have become collector's items with high premiums. But contrary to widespread belief, Koning writes, the coins, dominated only by their weight and purity, had nothing to do with the Arab-American Oil Co.
Koning's essay is headlined "Why the U.S. Mint Once Issued Gold Discs to Saudi Arabia" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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