Rationing of ASE again
Posted:
Tue Apr 09, 2013 12:55 pmby Spikeanator6982
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?
Re: Rationing of ASE again
Posted:
Tue Apr 09, 2013 4:19 pmby 68Camaro
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.
Re: Rationing of ASE again
Posted:
Tue Apr 09, 2013 5:50 pmby Spikeanator6982
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.
Re: Rationing of ASE again
Posted:
Tue Apr 09, 2013 6:40 pmby CtrlAltBernanke
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.