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<p>[QUOTE=&quot;Digenes, post: 507951, member: 16318&quot;]Just in case you were not aware, when ever the US Mint submits it report to congress on the value of the US Gold and Silver Reserves they are mandated to use a value that well below todays market value.</p><p>&nbsp;</p><p>U.S. Code Title 31, Sections 5116 and 5117 (statutory rates) which are $42.2222 per Fine Troy Ounce (FTO) of gold and $1.292929292 per FTO of silver. </p><p>&nbsp;</p><p>Even though the Mint is Authorized by this same US Code to buy gold and silver at what they call Average Market Prices, in their reports to congress they can still only report it at the statutory rates.</p><p>&nbsp;</p><p>Which really makes me wonder. If they are buying silver at 9 to 10 dollars per FTO and then selling the coins they make from this silver to us the collector at spot plus the premium over spot, and reporting it at 1.29 FTO with their so called profit margin, how cooked are the books really?</p><p>&nbsp;</p><p><font face="Times New Roman">Dave </font>[/QUOTE]</p><p><br /></p>

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