The U.S. Mint has temporarily shutdown its West Point Mint.

US Mint Shut Down by Corona

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by jhanders
Mon, 03/30/2020 - 15:45


The US Mint announced today a temporary shutdown of its West Point facility.

West Point is the most major silver bullion and gold bullion production unit.

The American Gold & Silver Eagle coins are the world's most often bought bullion products by retail sales volumes respectively.

Apparently the decision came forth as one of the West Point facility’s police officers recently tested positive for COVID-19.

During this shutdown, no new US Mint bullion coins (like 2020 Silver Eagles) will be produced and allocations of these products are indefinitely suspended as well.

No word yet as to if this may stall the announced2021 Gold & Silver Eagle coin redesigns upcoming either.
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US Mint Shut Down by Coronavirus




This latest bullion industry shutdown is added to a long list of other government bullion mint shutdowns over the last few weeks of time.

We have been documenting and also suggested this news from the US Mint today was only a matter of time to arrive.
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Royal Canadian Mint Shutdown due to CoronaVirus




Major Swiss Gold Refiner Shutdown due to Covid-19

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Disconnected COMEX Gold Silver Ratio vs Bullion Reality

https://youtu.be/gF6OFEPl5HQ



Predictable Bullion Shortage over 1 Year Ago - February 22, 2019

https://youtu.be/DMEiie1-OzA

We all have questions of course but if you know your American Eagle Bullion Coin program laws, you would know that the buck stops with current US Treasury head Steve Mnuchin.

To learn more details about the year 2010 change of law regarding what amounts of US Mint bullion coin production volumes suffice, see under 2019 Silver Eagle Coin Temporary Sales Suspension.

Perhaps we could ask Mr. Mnuchin when and at what production volumes upon West Point staff returning to the US Mint will suffice the public’s American Eagle bullion coin demand.

Surely as in arbitrarily choosing whom to bailout and whom not to bailout with ESF $4 trillion in fiat Federal Reserve note fundings, Mr. Mnuchin will also know the answer down to the troy ounce as well.

That also assume by the time if and when he ever gets asked that question, he and this current currency credibility demolishment crew will still be in office.

Stay safe out there everyone.
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