Subcommittee Hearing: “Bullion Coin Programs of the United States Mint: Can They Be Improved?”




http://www.kitco.com/reports/KitcoNews20110407PO_us_mint_upd.html

Members of a Congressional panel questioned Thursday why the U.S. Mint has created a shortage of high-quality bullion coins, causing a speculative run-up in value.

The U.S. House of Representatives’ Domestic Monetary Policy Subcommittee was told that the country’s bullion coins are topnotch and have a potential high growth of profitability for the U.S. Mint and for the country. But testimony from the industry indicated there aren’t enough of them.

“The problem is there is high demand, but a shortage of the coins,” summed up Rep. Ron Paul, R-TX, the chairman of the subcommittee. More

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54 Comments:

  1. Why is it that none of the unites States suppliers are good enough for the U..S. Mint ? Nobody knows... Why are more jobs not being created here at home? Nobody knows... We have apparently a number of suppliers capable of supplying blanks to the Mint. Why are they not allowed to be suppliers? Even though this creates shortages... Again, "Nobody knows..."

    Thanks to Ron Paul - and I think we should follow up on Maloney's suggestion - Let's find out why!

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  2. Why is it that none of the unites States suppliers are good enough for the U..S. Mint ? Nobody knows... Why are more jobs not being created here at home? Nobody knows... We have apparently a number of suppliers capable of supplying blanks to the Mint. Why are they not allowed to be suppliers? Even though this creates shortages... Again, "Nobody knows..."

    Thanks to Ron Paul - and I think we should follow up on Maloney's suggestion - Let's find out why!

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  3. It was surprising to hear Mr. Clay announce the U.S. Mint did not bother to send anyone to this session. Some interesting things to learn from the witnesses about the U.S. Mint. e.g. Why should you pay twice as much to the IRS for "capital gains" ?

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  4. It was surprising to hear Mr. Clay announce the U.S. Mint did not bother to send anyone to this session. Some interesting things to learn from the witnesses about the U.S. Mint. e.g. Why should you pay twice as much to the IRS for "capital gains" ?

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  5. 1 hour long, this 1 is a bit boring...

    come on ron paul, where is that simple wisdom...

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  6. God Bless Ron Paul!

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  7. God Bless Ron Paul!

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  8. The fact its so empty should give us all a hint to buy more. This is only the beginning.

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  9. He leads my country, when I want the real news and representation I check in often.

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  10. I love Ron Paul so much.

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  11. buy silver and gold

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