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Gold And Silver Fly Out Of U.S. Mint

January 21, 2013 by  

Gold And Silver Fly Out Of U.S. Mint

More Americans are becoming wise to the debasement of the U.S. dollar and destruction of the economy by the ongoing quantitative easing to infinity money printing and massive deficit spending, as evidenced by the surge in the sale of physical gold and silver by the U.S. Mint in recent weeks. They are recognizing the system is in its death spiral.

As of Jan. 15, the U.S. Mint had sold 110,500 ounces. That put it on track to exceed the 127,000 ounces sold in January 2012 and exceed the highest monthly tally since 1999.

Silver Eagles started slowly but picked up in the second and third weeks of January. As of Jan. 15, more than 5 million ounces of silver had been sold by the Mint. That had it on pace to exceed January 2012’s record of 6.1 million ounces. Demand for Silver Eagles was so great, the Mint had to suspend sales because it ran out of coins. Sales will not begin again until Jan. 28.

Gold and silver are the only true store of value. Those green paper slips you hold in your wallet are worthless and worth less by the day. It is all funny money, as evidenced by the serious discussions recently of simply minting a platinum coin and claiming it to suddenly be “worth” $1 trillion.

Gold is currently selling for about 1,690 of those green slips; silver for about 32. I expect gold to run past $2,000 per ounce in the coming months and silver to exceed $400. This will happen when JPMorgan Chase and Co. and the other manipulators crash. And how can they not, when they are trading fake silver back and forth to rig the price?

COMEX futures and options showed that full-year trades of silver were 98 billion ounces in 2011. That was a record year for silver mining, but still only 782 million ounces were mined. In addition to coins and jewelry, silver has industrial uses. The traded 98 billion ounces were all derivatives and computer clicks and are as phony as the derivatives market that exploded the market in a massive crash in 2008.

Buy and hold physical silver, as much and as fast as possible. Find a reputable local coin dealer in your area. Pre-1964 “junk” silver U.S. coins are the best buy.

Buy and store guns and ammo when you can find them. Store food and water. The year 2013 will be an adventure, but not so much fun for the unaware and unprepared.

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • Bud. USMC


    • old hillbilly

      There is a reason our economy is collapsing.

      Solutions begin with fixed value annuity analysis starting with $43,500 average wages depositing $450/mo (12.4%) over 46 years @5% ROI (return on investment 18 until 65), followed by 17 years of payback (65 until 82), which generates $1,431,466 total ($7,017/mo) payback! “Average SSI payments are $1,235 until death and total $251,940 to age 82! Adding 41.8% for children, spouses, etc., the $1235 becomes $1,751/mo $357,251 total to 82. The difference between $1,431,466 and $357,251 is a $1,074,215 loss (75%)! If age 18-82 could be 78% of 315,000,000 citizens, half funded @$1,431,466, the SSI trust fund would contain $176.0 trillion, not $2.6 trillion (SSI 2010)! The $173.4 (98.5%) trillion losses were plundered by government consumption and inflation. That capital loss triggers another $8.7 /yr trillion productive ROI loss! Our officials destroy productive US capitalist investment! Collective government redistributive consumption of Chinese production, runaway inflation, unending taxation, debt bondage, and false promises appears to have unending zeros behind its curse!

      The summary is based on factual annuity math, & their numbers. Change age etc. – it doesn’t matter – the message is abomination – like Hiroshima yesteryear & Detroit today. We can fix it if we ID the issues & prosecute the causes with diligence! Responsibility begins and ends with our legislative and executive officers. The money flow is in the treasury, FED, & global banking monopolists. Information: CPI index, SSI, trust fund (it pays 5%+/- but funds aren’t there), annuity, & common sense. Water-board Holder & & the cards fall.

      We can whine & crawl under rocks, move to Russia, or start removing legislators until they start doing their job, honor oath of office, and start prosecuting the many officers in this scam! Don’t believe me. Run the numbers & look it up, then pass facts & make things happen – recover the loot!

      • old hillbilly

        ps. I wonder how many $20,000 wage earners would believe they could have had a $715,733 nest egg at 65 if their beloved government wasn’t corrupt instead of the $251,940 SSI will dole out if you live to 82

      • old hillbilly

        ring ring… would a $20K earner get $252K total just like the $40K person or 1/2 ($126,000) $618/mo? what would they really get?

      • John Woodbury

        You said we can move to Russia, I move to China. Smartest move I have ever done. My massive Texas Teacher Retirement check (1,400) will never change. It has lost 40%+ in exchange value to RMB in 4 years. Good thing I had 4 years of a stable dollar head start. The Chinese are not stupid, they are buying gold and silver like it going out of style. Good luck America, you live in interesting times.

  • http://midcontent ridge runner

    Any land that is able to produce food wheather grain or livestock. Precious metals will have to be cut down, will attrack robbers and thugs. You can not metals worth a damn, any type of food is the best keep you going and strong. It will be easy for themarxist muslim to punish any one with gold, think of another communist, FDR who grabbed all the gold.


    you can’t hold onto food, gold, or silver without guns & ammo… get together some trusted frends and pool your resourses…

  • Terry Bateman

    Gold has historicly sold at 15-16 times the value of silver. Silver is $32.00.
    Gold is $1700, or 53 times the value of silver. Silver has been kept down artificially.
    How long they can keep the silver lid on I do not know. Silver should be at $113
    when gold is at $1700.00. Either silver goes to $113 or gold goes to $480.00 to
    restore the historic relationship between gold and silver.

    This is just my own opinion, but my belief is silver goes to $113 and gold stays
    where it is.

    • John Woodbury

      Bravo, Terry a well written and factual comment. I agree silver is set to explode. it will double just to keep pace with inflation that has already happened.


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