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U.S. Mint ends rationing of silver eagles -- but for how long?
12:17p ET Friday, May 29, 2015
Dear Friend of GATA and Gold:
Coin News reports today that the U.S. Mint has ended its rationing of U.S. silver eagle coins. It's not clear whether the end of rationing is intended to be permanent or if rationing might be reinstated along with reductions and even suspension of production if demand increases enough. The Coin News report is here:
http://www.coinnews.net/2015/05/29/us-mint-to-lift-2015-american-silver-...
Bix Weir of the Road to Roota Internet site notes that U.S. law appears to require the mint to produce the coins as necessary to meet demand, which would seem to forbid rationing production. But, Weir adds, following the intent of the law might turn the mint into a greater engine of silver market offtake and undermine the longstanding U.S. government policy of suppressing the price of the monetary metals:
http://www.roadtoroota.com/public/1571.cfm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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