Gold prices are slightly up in early U.S. trading Thursday from Friday’s sell-off that saw $1.9 billion in “fiat” gold sold through futures markets. By COMEX records, JP Morgan and CME Group sold between 295 and 300 ounces of “make- believe” gold for every 1 ounce of physical gold that actually exist in its vaults through November. Gold last reported a.m. is $1057.60 and silver is $14.03.
The U.S. Mint is reporting that gold and silver coin sales continue breaking records as prices hover near record lows.
Gold American Eagle sales rose by 185% month over month in November from 34,000 to 97,000 ounces even while COMEX shorts gold futures like clockwork.
Silver bullion coin sales reached 44,666,500 ounces for the year as of Monday.
The latest data showed that 4,824,000 ounces of Silver American Eagle coins were sold in November, up 29% from October sales. During that same period, silver futures fell 9.56%, and hit a low of $13.855 an ounce.
The mint says it will not take final orders for the 2015 Silver American Eagle coins until Dec. 14.
After 4.5 years of getting hoodwinked by fraudulent COMEX business practices, precious metals investors are still placing their trust in gold and silver.
Now is a great time to protect our wealth with physical gold and silver.
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