Realcent.org

Base Metal & Precious Metals Forum

Skip to content

Rationing of ASE again

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
Post a reply

Rationing of ASE again

Postby Spikeanator6982 » Tue Apr 09, 2013 12:55 pm

http://silverdoctors.com/us-mint-sells- ... ing-sales/

Don't they by law, have to meet public demand? Wouldn't they need to meet the demand inside the US before any coins were sold outside the US?
User avatar
Spikeanator6982
Penny Collector Member
 
Posts: 280
Joined: Fri Jun 11, 2010 10:00 am
Location: South Dakota
Top

Re: Rationing of ASE again

Postby 68Camaro » Tue Apr 09, 2013 4:19 pm

All the approved dealers are US. After that it's out of their control where they are sold.

They just have to expend best reasonable effort to meet demand. They can't predict demand in advance, and they can't store 50 million ounces of blanks on the off-chance that this would be the year of the crash. If demand backed off to 5 million/year they would be stuck with 1.5 billion in bullion and a 10-year supply.

No, they can't really be faulted for this.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
User avatar
68Camaro
Too Busy Posting to Hoard Anything Else
 
Posts: 8416
Joined: Thu Dec 30, 2010 6:12 am
Location: Disney World
Top

Re: Rationing of ASE again

Postby Spikeanator6982 » Tue Apr 09, 2013 5:50 pm

Sorry, I didnt mean to say they are to blame for this. Just confirming, that they are supposed to meet demand and sharing the article.
User avatar
Spikeanator6982
Penny Collector Member
 
Posts: 280
Joined: Fri Jun 11, 2010 10:00 am
Location: South Dakota
Top

Re: Rationing of ASE again

Postby CtrlAltBernanke » Tue Apr 09, 2013 6:40 pm

No they are no longer required to meet demand. There was a change in 2010 by congress which states that the Tresary Sec can stop production at his/her discression.
CtrlAltBernanke
Penny Collector Member
 
Posts: 265
Joined: Fri Apr 06, 2012 11:00 pm
Top
Post a reply

Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 48 guests

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group