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Bron Suchecki: Treasury secretary can decide how much 'public demand' to meet with coins
8:05a ET Wednesday, November 25, 2015
Dear Friend of GATA and Gold:
Perth Mint Research Director Bron Suchecki writes today that U.S. federal law about the government's minting of gold and silver coins allows the U.S. treasury secretary discretion in determining how many coins need to be produced to meet public demand. Of course if the secretary determines that enough coins have been minted to meet public demand even as the mint has to ration supply because demand can't be fulfilled by the coins available, the presumed intent of the law may be mocked. But as Suchecki suggests, this might be an issue to be settled in court. Suchecki's commentary is headlined "U.S. Mint Has No 'Sufficient to Meet Public Demand' Requirement" and it's posted at the Perth Mint's research page here:
http://research.perthmint.com.au/2015/11/25/us-mint-has-no-sufficient-to...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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