Federal Reserve Just Suspended Gold Sales

I don't think so!

Where did you get this info ?
I know the u.s. mint suspended sales back on oct. 9th.
Of course the Fed tells the treasury dept. tells the mint and so on what to do. I'm sure most of you out there already know this, but for those who do not, the federal reserve or federal reserve bank/banks
is not even an arm of the u.s. govt. A select few group of men own and
run the fed. reserve. The banks are located in different countries also by the way. They are in no way connected to the federal govt. but they have the power to do as they please when they please. What a joke. It should be abolished. Only the people can do this if they step up. Even though we are not on the gold standard anymore, which is another joke,(not being on it) taking into consideration how much gold the u.s. has and how much paper they have, the actual value of an oz. of gold right now is over $6,300.00 If and it is very possible
the price of gold hits that mark the fed and treasury is in deep do do
Then guess what will follow. The LEGAL confiscation once again of any and all gold that the average joe now owns. It happened before and it could again. The same with silver. Food for thought and future preparedness. Hoard what you can and hide it well. Below is a quote
pertaining to what is really going on at the mint at the moment. They
tell you basically lies. Why, so the feds can make a buck.

"Two days ago,(dated oct. 11th) the U.S. Mint said it was suspending production of gold coins, specifically the American Eagle proof and uncirculated series, because demand was very strong. The Mint already owns the gold it presses into coins. We can presume its cost basis is far lower than current prices. Gold coin sales is a for-profit operation by the U.S. Mint.

So what do we make of the suspension of gold coin sales? Clearly, the U.S. Mint thinks it will make more off the coins in the future as gold prices continue to rise than it can by selling them now."

India buys huge amounts of gold every year at this time for their
holidays etc. Maybe they sensed something was up and bought the whole
barrel. The chinese will follow suit shortly. Get ready, it's starting.

Did no one look at the link I posted?

Link read. The info is a crock. Like I mentioned earlier.
Yes, they did suspend but not for the reason/reasons they stated.
They have the gold stock. In december the price will be higher
for the coins from the mint. Wait and see. Use older cheaper stock
that they already have on hand or have had for years then jack up the price later on the coins. They have been doing this practice for a while now. Not that I am against the mint making money naturally, but
don't feed the public a bunch of lies. I'll even bet if by slight chance gold stays at current price or drops by december the prices
on the gold coins will still be higher than what they were earlier on average. It's all politics. After all, someone has to pay for all the recent govt. screw ups and handouts. Dump the federal reserve and make the politicians earn their pay etc. by bringing back in line the correct gold to paper ratio in this country. Then put it back on the gold standard permanently and make it work. Markets, supply and demand etc. will set the prices of gold from then on. It won't happen
of course it's to simple. So in the meantime with gold and silver climbing it won't be soon until the feds. start to confiscate what you have now. Figman is correct. Buy now and wait. Hide it though in a safe place :)

Things should get interesting now that Dubai is in the process of going belly-up...

Golds rise isn't all about the dollar being weak as it's been "advertised". Wall Street creates a buying frenzy to get the price up, so they can dump, works every time.

Figman: You are misguided in thinking Wall Street wants the price of gold to rise. They do not, as that takes money out of their pockets. They want gold/silver to be weak in hopes that people will buy equities and further inflate their cash cow.

There are many factors behind the recent run-up in gold prices, but the weakened USD is a major factor.