Friday, June 06, 2008

US Mint Issues False Statement on Silver Bullion Sourcing

The US Mint just released a statement concerning the rationing of US Silver Eagles that stated one of the reasons for the rationing program was that the silver bullion had to be newly mined and could only be sourced from US sources.

"By law, the United States Mint's American Eagle silver bullion coins must meet exacting specifications and must be composed of newly mined silver acquired from domestic sources. The United States Mint will continue to make every effort to increase its acquisition of silver bullion blanks that meet these specifications and requirements to address continuing high demand in the silver bullion coin market."

I believe this to be a false statement. US Law: 31USC5112 clearly states . . .

Full story at: Link

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