U.S. Minting Gold Coins: amateur economists weigh in here

[sui generis]

So if we're selling off our gold reserves by minting them but we're not really printing new money to put into circulation, what is the anticipated impact to the precious metals market? To our t-bill guarantees?

Anyone? I'm an inquiring mind. This duck is walking and talking . . .

[trotsky]

1. All you have to keep in mind is that the BFEE is heavily invested in gold.

Most of their economic policies are geared towards increasing its value.

[FloridaPat]

2. That big minus sign in from of the national debt is money printed

with nothing behind it. We are constantly printing worthless money and some day the rest of the world will treat it as such.

[sui generis]

3. it's clearly reducing our gold reserves

if they're printing 99.99 percent pure gold coins and selling them at a premium to the market commodity price. I would dearly love to see who in the republican administration has been buying gold futures recently. Also doesn't treasury gold also guarantee a portion of our foreign debt?

http://money.cnn.com/2005/04/19/pf/gold_coin/index.htm

[FloridaPat]

4. I would say everyone on the planet except the average out-of-work

American is investing in gold or Euros. And I don't think our money is backed by gold anymore. Some are saying it's been backed by oil for the last 20-30 years. Other rumors are the country has literally been mortgaged to the hit and then some - national parks, public owned airports, buildings etc.