US Mint Gold Eagle Bullion Coins on Track for Third Best March

American Gold Eagle bullion coins are not on the same fiery pace seen in 2009 or during the Y2K “scare” in 1999, but the latest United States Mint sales figures show they are on track to record their third best ever March.

With the first two weeks of this month now history, US Mint sales of the gold bullion coins have reached 39,500. Buyers will need to scoop up another 48,501 during the next 2 1/2 weeks to pass March 1998 and earn the third best March ranking.

Any slack in sales however, and the month will likely fall to fourth place — only 16,501 more are needed to attain that spot.

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Young Greenspan and Gold

By Jeff Nielson, Bullion Bulls Canada

I am far from the first gold commentator to seize upon a famous essay by a young, Alan Greenspan – which eloquently and forcibly argues two, extremely important points. The first is that a gold standard is the lynch-pin of a stable, global economy. The second point is that destroying the gold standard and discrediting gold has long been an obsession of those who longed for the freedom to create infinite amounts of debt, and to print infinite amounts of paper currency: the bankers.

Thus, while such an analysis is not “new”, it becomes more important every day – again, for two reasons. The first reason is that every hour, the global economy lurches closer to a total collapse of the international monetary system. The second reason for a need to repeat the wisdom of a previous era is that with the bullion banks (and the entire anti-gold cabal) nearly out of bullion to dump onto the market, their primary “weapon” against gold is now a massive, disinformation campaign.

This disinformation campaign starts with an infinite number of gold-bashing “news” items. Despite the price of gold quadrupling in a decade, we are told that gold “is not in a bull market”. Despite the fact that the price of gold has not yet reached half of its previous (inflation-adjusted) peak, we are simultaneously being “warned” that gold is in a “bubble”.

Meanwhile, inventory numbers are falsified, and investors have been duped into funneling $10’s of billions into the phony “bullion-ETF’s” where no legitimate audit has been done to verify that the bullion-banks who “back” these ETF’s actually have sufficient bullion to honour their “custodian agreements” with the bullion-ETF’s – as well as their massive “short” positions. In fact, it has never been shown that there is more than 50% of the bullion necessary to cover both positions.

Given that these “short” positions represent the largest such concentrations in the history of commodities trading, if these bullion banks only have enough bullion to back either their own “short” positions, or the bullion-ETF’s, it’s obviously the bullion-ETF holders who will be left with nothing but banker-paper.

This should be no surprise to any thinking investor, since the notion of the bullion banks (the largest “shorts” in history) subsidizing the entry of millions of retail investors into this market (through the near-zero fees they charge for “storing” all this supposed bullion) is ludicrous on its surface. The only rational way to explain the bullion-ETF market is as a means for the bankers to dilute/leverage their dwindling quantities of bullion – in order to delay their own bullion-default. Thus, the bullion-ETF market (with the exception of some smaller, legitimate funds) is nothing but a banker, bullion Ponzi-scheme…and bullion-fraud is nothing new for the Wall Street banksters.

Returning to the Greenspan essay, and the two issues with which he dealt, they are obviously connected. Destroying a gold standard was the key to the bankers being able to flood (and enslave) the world with their debt, while simultaneously flooding the world with the worthless scraps of paper currency which the bankers deliberately refer to erroneously as “money”.

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Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 3% and 2% on the Week

Gold rose to see a gain of $11.54 at as high as $1119.24 in London before it fell back off for most of the rest of trade and ended near its late session low of $1098.15 with a loss of 0.54%. Silver climbed to $17.33 in London and dropped to $16.925 in New York before it bounced back higher in late trade, but it still ended with a loss of 0.82%.

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Gold, Silver and Oil: Buying the Essentials in Tough Markets

By The Mogambo Guru

The Money Morning newsletter bills itself as “Essential investment news & insight from MoneyWeek.com” which makes me suspicious right away because of all the times I have been lied to over the years by people telling me that something is “essential”, which it seldom is, and it usually turns out to be a code word for, “It’s gonna cost ya, buddy!”

Like today, for example, when I am told that it is “essential” that I curtail my frenzied buying of gold, silver and oil this month so that one of the whining kids can go to the doctor (or dentist, I forget which) for some real or imagined discomfort, ache, pain, open wound, bloody discharge, festering sore, oozing abscess or gangrenous limb, like I am made out of money or something.

Normally, I would explain, with the patience of a saint, for the thousandth time, how the Federal Reserve is creating waaaaAAAAAaaaay too much money and credit so that the federal government can borrow and spend waaaaAAAAaaaay too much money, which is this selfsame “waaaaAAAAAaaaay too much money and credit” created by the Federal Reserve in the first place, which is a kind of strange circular logic, I admit, but which I think only serves to prove the bizarre, incestuous nature of the whole thing, but without any bodily fluids being exchanged.

And I told them, “If you don’t think so, just wait until the inflation in food and energy prices really gets here, good and hard, and when you look at the horrors this will create, you can tell me again how you don’t believe that inflation in the money supply leads to inflation in prices when all this new money enters into the marketplace, like a flood, adding massive amounts of money to the bidding for goods and services, which makes prices rise”, but they just kept whining, “No, daddy! I need to go to the doctor now, not when inflation is raging so that the cost will be higher and you will not want to pay those higher prices! So you want to send me now, when prices are lower!”

So you can see that there are two sides to every story; on the one hand this whole incident with crybaby kids and their whining, and complaining, and blacking out, and getting blood all over everything, and on the other hand there are “essentials” in the world, as in “essential insights”, which, in the case of Money Morning, is apparently true, as we note with surprise that David Stevenson writes in the newsletter that, in the United States, “Prices of commercial property – real estate – are down by 43% overall since the October 2007 top, says Moody’s Investors Service. Retail rents have plunged by a third from the peak. For offices, rents are down 40% and vacancy rates are as high as 18%.”

Now, most people, like me, and maybe like you, too, look at that paragraph and say, “Whew! That seems like a lot of numbers, which are already confusing by their very presence, which explains why I don’t understand!”

Being the peach of a guy that I am, I am going to show you – free! – the essential information in there, which is: If you own commercial property, you are screwed, and if you do not own commercial property, then it is getting cheaper and cheaper.

In the meantime, just keep buying gold, silver and oil stocks, not because I say so, which I do, and you should, too, but because we have no other choice, because if we did, I am sure that I would have read about, or heard about, someone buying it to successfully protect themselves against governmental stupidity at least one (pause) freaking (pause) time (pause) in the last 4,500 years of the economic history of the Whole Freaking World (WFW), especially since the whole thing seems to be about economic stupidities that flow from continual, ever-worsening government fiscal malfeasance, just like we have all over the world today and all over the world in all of the rest of history, but, in a word, I ain’t.

And, so, investing doesn’t get easier than that! Whee!

The Mogambo Guru
for The Daily Reckoning

Gold, Silver and Oil: Buying the Essentials in Tough Markets originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

Could Euro zone gold reserves be used to bail out bankrupt states?

A German source suggests that the country is considering suggesting that state gold reserves could be used as a last resort to bail out Euro zone states facing bankruptcy

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