Gold Coin Shortages & Rationing To Come?

Bron Suchecki, the Depository Administrator of the Perth Mint in Australia, has posted some interesting and alarming insights into the looming supply restraints on gold coins. If popular demand picks back up in the coming year, it could easily force mints to ration their supplies and send premiums surging.

“The extraordinary demand for precious metals coins following the 2008 global financial crisis caught the minting industry by surprise, resulting in never before seen coin rationing and shortages.

It seems not much has changed, with recent reports that the UK Royal Mint ran out of 2014 Sovereign gold coins due to “exceptional demand”, as well as the continuation for over one year of an allocation program first put into place early 2013 by the US Mint on its ever popular silver Eagle bullion coins.

While these recent events have been limited to specific coins, with availability of other leading bullion coins like the Perth Mint’s gold Kangaroo not affected, it does seem to indicate that worldwide minting production capacity is still unable to meet demand surges.”

Read the Full Piece Here

Bron Suchecki

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Today’s Key Gold Headlines – 1/14/14

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Wall Street Will Be Blindsided by Currency Crisis (Video)

Peter Schiff begins hist latest video blog with a review of December’s dismal jobs numbers and the latest data that reveal how poor the supposed US economic recovery really is. He then explains why Janet Yellen will soon be facing a bigger crisis than Ben Bernanke had to deal with when he first took charge of the Fed in 2006.

“The monetary policies pursued by Bernanke were far more reckless than the ones pursued by Greenspan. And therefore, the bubble is much bigger. And therefore, the damage to the economy when it pops will be much bigger… We’re going to have another crisis early in the Yellen term that will be bigger than the crisis that we had early in the Bernanke term. Wall Street and government are equally as prepared – they will be equally blindsided.”

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Today’s Key Gold Headlines – 1/13/14

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Losing Jobs in a Phony Recovery (Video)

Peter Schiff appeared on BNN’s Business Day to discuss the poor US jobs report released earlier today, and noted that no one should be surprised by the bad economic numbers. The phony recovery is on life support, and the bubble is getting ready to pop.

“We are facing an economic crisis that much worse than what we had in 2008… Alan’s Greenspan bubble blew up on Ben Bernanke’s watch. Now Ben Bernanke has made all the same mistakes as Alan Greenspan, only bigger, and when his bubble blows up on Janet Yellen, it going to be much worse.”

Watch the Full Interview Here

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Today’s Key Gold Headlines – 1/10/14

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Massive Dollar Sell-Off in 2014 (Video)

John Williams of Shadowstats.com appeared on USAWatchdog.com earlier this week to give his financial outlook for the US economy in 2014, and it wasn’t bright.

“We have all sorts of things coming together that will give us a confluence of economic, political, and financial crises. You’ll see early on a crisis in the dollar, which will start to trigger the inflation… and as inflation picks up, that is going to savage the economy, which is already in a depression – it never recovered.”

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Today’s Key Gold Headlines – 1/9/14

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India’s Love of Gold (Video)

India used to be the largest consumer of gold in the world, but last year the Indian government placed strict regulations on gold imports in an effort to curb a growing trade deficit. These onerous restrictions slowed the Indian gold trade to the point where China has moved into the position of #1 global gold consumer. This short video from Bloomberg TV gives us a peek into India’s culture of gold that the government simply cannot suppress.

“For this country of 1 billion people, gold is, has, and always will be money – a reliable store of wealth in an unpredictable world.”

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Today’s Key Headlines – 1/8/14

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