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Charmaine

US Mint slowing down production of gold coins

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The US Mint is slowing the production of gold and silver coins and limiting supply to authorized distributors. The official reason is to lower the chances of employees contracting COVID-19. At at time when the Fed is printing billions of dollars ‘brrrrrr’ is this a conspiracy to stop people putting their money into gold/silver as safe haven assets? Thoughts 🤔

https://markets.businessinsider.com/news/stocks/us-mint-gold-silver-coin-production-distribution-slowing-2020-7-1029437534#

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There's zero consistency from officials in "protecting" people from any sickness.  So any such claim has less value than rancid manure.  It's probably to prop up the illusion that there's this globe-killing disease that we all need to be intensely afraid of, and to "encourage" us to comply.

That said, I still have many $5 gold coins to add to the stack before I've caught up with all the varieties they've released.

Edited by RacerCool

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26 minutes ago, RacerCool said:

There's zero consistency from officials in "protecting" people from any sickness.  So any such claim has less value than rancid manure.  It's probably to prop up the illusion that there's this globe-killing disease that we all need to be intensely afraid of, and to "encourage" us to comply.

That said, I still have many $5 gold coins to add to the stack before I've caught up with all the varieties they've released.

Pricemanipulation, mi t more orice drops, mint less price rises, but also as the mint doesnt use american gokd but bought in gold, reduced minting equals less purchase of raw gold on the open market.

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