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Obwohl der NM weiter abschmieren wird, steigt mein entdeckter kleiner Silberwert Macmin weiter Heute auf Jahrestop. Schaut mal im Goldboard vorbei. Dank Thai-Guru ein kleiner Auszug w. Silber. Silber wird Gold schlagen. Silver news: Monday, July 8, 2002 Senate silver bill goes to President From Numismatic News by David L. Ganz In a concentrated study of brinkmanship, the Senate and House acted quickly during the last week of June to assure that there would be a continued silver supply for the the American Eagle program, agreeing to allow the Treasury secretary to go into the commodity market to obtain metal to strike the coins. On June 28, the House initialed its approval stamp on S. 2594, the “Support of American Eagle Silver Bullion Program Act,” in a unanimous consent vote, just a day after the House voted 417 to 1 in favor of a longer and more involved bill, H.R. 4846, entitled “Silver Eagle Coin Continuation Act of 2002.” Both measures addressed the same problem. After sales of millions of one-ounce coins that have generated more than $264 million in profits over the last seven years – and lots more since its initiation in 1986 – the nation’s silver stockpile, the program’s source for precious metal, has been all but depleted. Measures had been introduced almost simultaneously in the House and Senate, going in two different directions. One, by Rep. Frank Lucas, R-Okla., sought to revamp the Mint’s public enterprise program in an ambitious bill that restructured the public enterprise fund while also solving the immediacy of the silver bullion problem. Sen. Harry Reid, D-Nev., took a different tack – one that avoided the controversial aspects of reforming the Mint. Reid’s focus was on Nevada’s 17.5 million ounces of silver produced last year – one-third of the nation’s mining effort. The House bill simply authorized the Treasury secretary to pick up silver for minting the bullion coins “from other sources as appropriate.” Reid was more explicit: “At such time as the silver stockpile is depleted, the Secretary [of the Treasury] shall obtain silver ... to mint coins authorized under section 5112(e). If it is not economically feasible to obtain such silver, the Secretary may obtain silver for coins authorized under section 5112(e) from other available sources. The Secretary shall not pay more than the average world price for silver under any circumstances.” This allows the secretary to buy newly mined silver, older silver or any other, for the term “average world price” means the price determined by a widely recognized commodity exchange at the time the silver is obtained. On June 6, Reid’s bill was introduced and referred to the Senate Banking Committee. It was discharged June 21 under a unanimous consent request, passed the same day, then sent to the House on June 24. On June 28 the bill was cleared for Presidential signature. |
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| Autor (Datum des Eintrages): | manfred1_I (10.07.02 20:29:15) |
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