Monday, September 29, 2008

Gold?


This blog has repeatedly suggested purchasing precious metals as a hedge against an ailing economy. Now, it appears that the US Mint is holding back on it's gold coin sales. The demand on the mint is exhausting the US gold supply.

What happened to the gold in Fort Knox? Well, since it hasn't been audited by Congress, we have no idea where the gold in Fort Knox has gone.

Canada, however, has gold to sell: http://www.reuters.com/article/bondsNews/idUSN2631882920080926

Why don't we???

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