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<p>[QUOTE=&quot;krispy, post: 1346742, member: 19065&quot;]<b>Interesting news...</b></p><p><br /></p><p>From <b>Mint News Blog</b> on Friday, January 13, 2012 regarding the <b><a href="http://mintnewsblog.com/2012/01/us-mint-2011-annual-report/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://mintnewsblog.com/2012/01/us-mint-2011-annual-report/" rel="nofollow">U.S. Mint 2011 Annual Report:</a></b></p><p><b><br /></b></p><p>&quot;The required study to determine the financial viability of palladium&nbsp; bullion coins “will soon begin”. The bullion <u>and possible</u> numismatic&nbsp; American Palladium Eagles <b>will <span style="color: #ff0000"><u>only</u></span> be issued if the study determines&nbsp; that there is adequate demand to ensure that the coins can be <span style="color: #ff0000">minted&nbsp; and issued at no net cost to taxpayers.</span></b>&quot;</p><p><br /></p><p>&quot;The US Mint’s 2011 Annual Report is not yet posted on their website, however, a copy accessed on the Treasury site <a href="http://www.treasury.gov/about/organizational-structure/ig/Agency Documents/OIG12019.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.treasury.gov/about/organizational-structure/ig/Agency Documents/OIG12019.pdf" rel="nofollow">here</a>.&quot;</p><p><br /></p><p><br /></p><p><br /></p><p><b><u>The feasibility study</u></b>:<i> </i></p><p><i><span style="color: #0000cd"><br /></span></i></p><p><i><span style="color: #0000cd"></span></i><span style="color: #0000cd"><i>From page 2 in the U.S. Mint 2011 Annual Report:</i></span></p><p><i><br /></i></p><p><i>&quot;A legislatively required market study examining the financial viability of a palladium bullion coin <span style="color: #ff0000"><u>will soon begin</u></span>. We look forward to presenting the results of that study to the Secretary of the Treasury and Congress.&quot;</i></p><p><i><br /></i></p><p><i><span style="color: #0000cd">From page 14 in the U.S. Mint 2011 Annual Report:</span></i></p><p><br /></p><p>&quot;The legislation requires that a third party conduct a study analyzing whether there is adequate demand for palladium bullion coins, and if so, whether the coins could be minted at no net cost to taxpayers. The Mint contracted with an independent research firm<span style="color: #ff0000"> to conduct the study <b>in</b> FY 2011.</span> Results of the study will be submitted to the Secretary of the Treasury and Congress for review in FY 2012.&quot;</p><p><br /></p><p><br /></p><p><br /></p><p>I&#039;m a tad confused by this information in the just released 2011 Annual Report. The U.S. government&#039;s fiscal year begins on October 1st of the previous&nbsp; calendar year and ends on September 30 of the year with which it is&nbsp; numbered. So if FY 2011 is months behind us already, has the study for palladium coins begun? Doesn&#039;t this say it was conducted <u>in</u> 2011 after being contracted to do so, or did the Mint just &quot;contract&quot; the third party &quot;IN&quot; FY 2011. :scratch:</p><p><br /></p><p>With no net cost to tax payers, the pull back in minting circulation $1 coins and the cost it takes to mint one cent and five cent coins in the US, I don&#039;t know if this bodes well in the current climate for seeing the palladium come to fruition in 2012.[/QUOTE]</p><p><br /></p>

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