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Why don't the mint just sell bullion silver eagles directly to the public?
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<p>[QUOTE="GDJMSP, post: 1008135, member: 112"]If you think it says nothing about profits you need to read it again. In particular that line that says - "at the time of sale".</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Try reading all of the law as it is written, in particular this part - </p><p><br /></p><p><i>"(2) Bulk sales.— The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount."</i></p><p><br /></p><p>This also applies to your first comments about profits. If there were no profits involved, then exactly how does the mint allow for discounts ? The law specifically says that they may not sell the bullion for less than cost. So there must be profits, otherwise there would be no room for discounts now would there ?</p><p><br /></p><p><br /></p><p><br /></p><p>{quote]As a American Citizen i think i do have a innate right to buy the bullion my government produces. Whats the point of the mint making the Silver Eagles at cost with zero profits of its own if any discounts the public might receive get lost in distribution?[/QUOTE]</p><p><br /></p><p>Those "shady middlemen" you refer to are US citizens too. They also have the right, as do you, to purchase at a discount, as prescribed by law. And it is merely your inaccurate supposition that there are no profits that is the driving force behind your reasoning. Just because you think something to be true, doesn't mean it is true.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1008135, member: 112"]If you think it says nothing about profits you need to read it again. In particular that line that says - "at the time of sale". Try reading all of the law as it is written, in particular this part - [I]"(2) Bulk sales.— The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount."[/I] This also applies to your first comments about profits. If there were no profits involved, then exactly how does the mint allow for discounts ? The law specifically says that they may not sell the bullion for less than cost. So there must be profits, otherwise there would be no room for discounts now would there ? {quote]As a American Citizen i think i do have a innate right to buy the bullion my government produces. Whats the point of the mint making the Silver Eagles at cost with zero profits of its own if any discounts the public might receive get lost in distribution?[/QUOTE] Those "shady middlemen" you refer to are US citizens too. They also have the right, as do you, to purchase at a discount, as prescribed by law. And it is merely your inaccurate supposition that there are no profits that is the driving force behind your reasoning. Just because you think something to be true, doesn't mean it is true.[/QUOTE]
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Why don't the mint just sell bullion silver eagles directly to the public?
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