Oops we are running out of gold

Apr 25

Posted by

The recent drop in the price of gold has lead to a run on physical gold. and the US mint has run out of tenth ounce coins.

Could this be an early warning sign of the coming econopocalypse?

 

http://www.theage.com.au/money/investing/us-mint-runs-out-of-coins-as-gold-demand–soars-20130425-2ifv1.html

 

Note the article link described tenth ounce coins as being 3.4 grams, but i thought a tenth of an ounce was 3.11 grams. who knew?

Posted on April 25, 2013, in Economics & Finance, Kapitalism, Monetary system, Physical resources, USA. Bookmark the permalink. 2 Comments.

  1. grumpycat333 | April 26, 2013 at 10:12 am

    If there’s no gold left, just buy silver, it will double in price within two years, according to Money Morning.

    Reply
    • occupymelbournenet | April 26, 2013 at 11:59 am

      Silver is tipped as one of the first resources to be depleted and unavailable to humanity. WE well be obtaining it from old electronics solder (eWaste) on an ever increasing scale in the future.

      Reply

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