I picked up my last Eagle just a week ago. Well, there goes the lowest premium one ounce. European Central banks are curtailing selling gold. Asian central banks are buying gold. $1650 is within reach.
Jim
Jim,
Suspension of sales, in other words shortages, reflect a market in which price does not represent an equilibrium between supply and demand. Organizations such as GATA have communicated this message of control for years. Perhaps the clarity of supply and demand economics will be the mechanism that brings the message to the masses.
Eric
The U.S. Mint suspended sales of its 1-ounce ``American Eagle'' gold coins after soaring commodity prices led collectors and investors to deplete supplies.
It is the first time in two decades that the Mint halted sales of the coins, which are made of 22-carat gold from domestic mines. The coins also contain small amounts of alloy for hardening.
Source: bloomberg.com
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