One Week Into 2014, UK Royal Mint Runs Out Of Gold Coins

[EE_]

One Week Into 2014, UK Royal Mint Runs Out Of Gold Coins
Submitted by Tyler Durden on 01/08/2014 11:02 -0500

.Update: the UK mint was kind enough to advice that "only" Sovereigns are sold out. More expensive coins are still available:

Just 2 day safter their release, The U.K.’s Royal Mint said it ran out of 2014 Sovereign gold coins “due to exceptional demand.”

•*U.K. ROYAL MINT SAYS RUNS OUT OF 2014 SOVEREIGN GOLD COINS
•*ROYAL MINT SAYS EXPECTS TO HAVE COIN STOCK AGAIN BY END OF JAN.
The mint added "Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating."

Via Bloomberg,

The U.K.’s Royal Mint said it ran out of 2014 Sovereign gold coins “due to exceptional demand.”

The mint expects to have stocks of the coins again by the end of January, it said in a statement e-mailed today. Gold dropped to a six-month low of $1,182.27 an ounce in London on Dec. 31, capping the largest annual decline since 1981.

“Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating,” the mint said in the statement. “The Royal Mint continues to supply to its customers and is increasing production to accommodate the higher demand.”

[Twisted Titan]

even with theVAT tax and all the other crushing fees people are still buying hand over fist


When the vault up occurs it will be absolutely shocking.

There is NO WAY they can keep the price of silver capped in this range for the year of 2014 without major refiners going belly up thus contributing to price inelasticity.


Bottom line in the big boys have painted themselves in a silver corner and there is no way out except through higher prices

I expect to silver shoot as high as 60-70
Then get slammed to 25
Finish the year around 35-40

You heard it on GSUS first.

[ximmy]

The day is coming when $175.00 for one ounce of silver will seem cheap.

[Twisted Titan]

from your keyboard to God's ears.

[aeondaze]

even with theVAT tax and all the other crushing fees people are still buying hand over fist


When the vault up occurs it will be absolutely shocking.

There is NO WAY they can keep the price of silver capped in this range for the year of 2014 without major refiners going belly up thus contributing to price inelasticity.


Bottom line in the big boys have painted themselves in a silver corner and there is no way out except through higher prices

I expect to silver shoot as high as 60-70
Then get slammed to 25
Finish the year around 35-40

You heard it on GSUS first.

That would be awesome. I predicted (in another thread) that by July this year the price will have reached $30 and that the bottom is in. It's been over eight months since the monumental slam and despite all the talk of lower prices, it just hasn't eventuated.

To me the talk has served the money printers well as it prevented or postpomed money entering the market for fear of missing out on lower prices thus deferring any kind of default scenario, allowing them to uphold the facade that their worthless paper is anything but.

We all know the laws of nature are a bitch, it's just a matter of time before people begin looking for the exits as the warning lights start flashing and the cabin looses pressure.

What I would like to know is when do the bail-in start? This will cause a stampede as the herd panics. They don't want us preserving our capital when the nations we inhabit are indebted into eternity to them. Our national sovereignty only use is so they can bleed us dry at gunpoint.

[Twisted Titan]

Bail in cant start until they get the guns first.

If they start a more agressive schedule with registration and mental issues that is a waring sign the hammer is due fall



I predict at this point they want to cover each coast and the major metros.

I dont think they will get the mid states like the dakotas for example

Any type of bail in will be steathly proir to gun control

[Shami-Amourae]

Bail in cant start until they get the guns first.

If they start a more agressive schedule with registration and mental issues that is a waring sign the hammer is due fall



I predict at this point they want to cover each coast and the major metros.

I dont think they will get the mid states like the dakotas for example

Any type of bail in will be steathly proir to gun control

What about Idaho, Montana, and Wyoming residents?

[Sparky]

...

I expect to silver shoot as high as 60-70
Then get slammed to 25
Finish the year around 35-40

You heard it on GSUS first.

With due respect, I will offer my expectation...

It has taken two years to build this base around $20, just as gold has been laying its foundation near $1200. I think we are now turning the corner for the final leg up in this bull market. The tediousness of this long base formation will be rewarded as a steady rise, probably for about three years. As such, I don't see this type of volatility in the short term. I think the move to $35-$40 by the end of the year will be steady and measured.

The manipulators will now be trying to accumulate on the long side. They will no longer be willing to make the high volume short moves to drive price down dramatically. Look for measured moves on the way up. $3 up, $1 down. $5 up, $3 down. $4 up, $2 down. And so on. This is how price moves when the big boys are in accumulation mode.

Just my opinion.

[Hypertiger]

This gun controversy is just to keep you all busy...They are not after your guns...it's all a big time waste...They did not get rid of illegal drug use...They are not going to ever get rid of the guns.

In the end...they are just going to spray you all like cockroaches to get rid of you all...Like what do you think you all are...important?...when the system collapses....you all will transform from fundable assets...into unfundable liabilities...and become worthless...as in no reason to continue funding you all.

You do realize the top invests into you all below and you all yield the return on that investment...and when you all return zero...You all are going bye bye one way or the other.

This is not the past...the olden days are ending...you all are headed into the future...The USA that existed pre 2000...is gone and never coming back.