Oct 1, 2013

Proposed legislation would forbid minting U.S. gold and silvercoins in current format: GATA | THE GATA DISPATCH ON SEPTEMBER 30, 2013.

Proposed legislation would forbid minting U.S. gold and silver coins in current format

Submitted by cpowell on 09:00PM ET Monday, September 30, 2013. Section: Daily Dispatches 11:55a HKT Tuesday, October 1, 2013

Legislation that has been proposed in Congress to prevent the minting of U.S. coins whose manufacturing cost exceeds their denomination would stop the U.S. Mint's issuance of gold and silver coins, Mike Zielinski notes in commentary at Coin Update. This is probably an oversight on the part of the legislation's drafters, but imagine if the bill was amended not to exempt gold and silver coins but to require imprinting an honest denomination on them. Zielinski's commentary is posted at Coin Update here:

http://news.coinupdate.com/would-save-ii-act-also-prohibit-bullion-and-n...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Oct 1, 2013