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'Unprecedented demand' for U.S. gold coins? Hardly
10:37p ET Thursday, October 9, 2008
Dear Friend of GATA and Gold:
While the U.S. Mint attributes to "unprecedented demand" its suspension of the production of gold coins, coin market reporter Michael Zielinski shows that it's not true. Zielinski, a White Plains, N.Y., resident who publishes the Mint News Blog (http://mintnewsblog.blogspot.com) and Coin Update
(http://coinupdate.com), lists the Mint's Gold Eagle coin sales for each year back to 1986 and finds 14 years when the Mint produced more Gold Eagles than it has produced so far this year.
This is more evidence that the U.S. government, like other governments, is trying to deny people the chance to escape from the mismanagement of their paper and electronic currencies and financial systems.
You can find Zielinski's analysis at Mint News Blog here:
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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