Gold from the Govern Mint?

Submitted by Bill St. Clair on Sat, 02 May 2009 09:44:23 GMT  <== Politics ==> 

Tarek Saab at Gold&SilverNow - why preferring governmint-minted bullion to private mints makes no sense.

Amidst the twenty-four hour news fiasco concerning the swine flu pandemic, television stations have failed to mention that the largest gathering of swine can be found on Capitol Hill. As an American taxpayer, I have had the "swine flu" since the Clinton Administration.


ARGUMENT #1: The weight and purity of these coins are backed by the full faith of the government.
RESPONSE: The irony of this argument is that investors are gravitating to gold precisely because their faith in the U. S. government has become shaken. The reasoning is circular: If one doubts the integrity of our politicians and the financial system, why demand a coin issued with the full faith of the same architects manipulating it? The "full faith" of the United States government is hardly reassuring.

Let me be clear. I am not doubting the weight and purity of the United States Eagle. I am simply doubting the good faith of the U.S. Government. Does anyone deny the plausibility of underhanded tactics at an institution run by Timothy Geithner and the U.S. Treasury Department? I'm just sayin' . .

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