U.S. Mint now suspends all one ounce gold coin sales due to shortage of physical gold!
Once again the U.S. mint has had to suspend sales of all its one-ounce gold coins, and some fractional ones too, as its supplies of physical gold cannot meet the demand.
Author: Lawrence Williams
"The United States Mint has depleted its inventory of 2009 American Buffalo One Ounce Gold Bullion Coins. ... No additional inventory will be made available. As additional information becomes available regarding 2010-dated American Buffalo One Once Gold Bullion Coins, you will be notified." So said a memorandum issued Friday to authorized purchasers of U.S. Mint gold coins and reported by Jim Sinclair..
Central Bank Said to Buy More Gold
The Central Bank picked up the pace of gold purchases in November, diversifying reserves as a weaker dollar boosts the appeal of bullion, according to Renaissance Capital.
Russia’s gold reserve probably rose by $790 million to $23.1 billion in the week ended Nov. 27, Anton Nikitin, an analyst at Renaissance Capital in Moscow, wrote in a research note Friday. The Central Bank increased gold holdings by almost 130 million metric tons in the last year, according to the report. The bank’s holdings equaled $23 billion on Dec. 1, a gain of 13 percent in the month, the regulator said Friday.
The bank “is successfully managing its assets via reallocating them to different classes,” Nikitin wrote. “Gold amounts in the reserves have been increasing since December 2008, and we think the amount” rose in November.
Russia plans to increase gold holdings and diversify the structure of its reserves, seeking alternatives to a weakening dollar.
倫敦世界黃金協會（World Gold Council）資料顯示，各國在1980年時也競相增持黃金，當時金價每盎斯衝上850美元。
IMF指出，印度10月份大手筆向IMF購買200噸黃金。「黃金年代」（The Ages of Gold）一書作者葛林（Timoghy Green）指出，印度大買黃金，創下單一央行在如此短時間內最大黃金購買量。（譯者：中央社趙蔚蘭）
How to Predict the Price of Gold
Jeff Clark Casey's Gold & Resource Report Dec 15, 2009
The U.S. dollar index, a six-currency gauge of the greenback's value, has dropped 7.8% so far this year (as of December 3). Meanwhile, gold is up 38.7% year-to-date. In other words, for every 1% drop in the dollar index, gold has risen 4.9%. If that approximate percentage holds over time, one can begin to estimate what the gold price might be if you know what the dollar might do.
While the dollar is likely to bounce at some point, making gold correct, the long-term fate of the dollar has already dried in cement. If the dollar were simply to return to its March 2008 low of 71.30 next year - a 4.6% drop from current levels - this would imply a rise in gold of 22.5% and a price of about $1,478 an ounce.
The long-term scenario is more dramatic. If you believe the dollar will lose half its value from current levels, this would imply a gold price around $4,164. If you believe it will lose 75% of its value, gold would reach about $5,642. Doug Casey has called for a $5,000 gold price; if he's right, guess what that implies for the dollar?
And think about this: these calculations ignore what else might "show up," such as when price inflation shows up in the economy, the greater public shows up to buy gold, or the Chinese don't show up at an auction. Could $5,000 gold be too low?
Posted by: Michael | Posted in: US Mint
In a return to the situation experienced during most of 2008 and the first half of 2009, the limited number of gold and silver bullion coins available from the US Mint are subject to rationing.
US Mint bullion coins are not sold directly to the public. These coins are distributed through a network of authorized purchasers, who resell the coins to other bullion dealers and the public. During times when demand for the bullion coins has exceeded the amount the US Mint was able to supply, the Mint has rationed coins at the authorized purchaser level through an "allocation program."
On November 25, 2009, the US Mint had announced the suspension of sales for one ounce American Gold Eagle and American Silver Eagle bullion coins. Sales of the Silver Eagles resumed on December 7, 2009, but sales were subject to rationing. Sales of the one ounce Gold Eagles will resume tomorrow December 15, also subject to allocation.