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Tuesday, April 23, 2013

US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins

US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins | Zero Hedge\

 Today, we learn that, as expected, none other than the US Mint has officially run out of small denomination gold coins, in this case One-Tenth ounce American Eagle gold bullion coins. We are confident this incontrovertible proof of soaring retail demand for physical will somehow result in JPM or another bullion bank dumping a few extra thousands ounces of paper/electronic gold or silver to further disconnect the paper price from what is actually going on with physical demand. As for the US Mint, first it's fractions of an ounce: look forward to the mint running out of all bullion denominations in the coming days and week, first in gold, then in silver as well.

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