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Mike Kosares: Gold a safe harbor on an ocean of excess reserves
3:25p ET Tuesday, December 29, 2015
Dear Friend of GATA and Gold:
USAGold's Mike Kosares today muses about what may become of the $2.4 trillion in "excess reserves" -- bailout money -- parked by commercial banks at the Federal Reserve and concludes that when it moves and creates inflation, investors may want to be cushioned by gold. But even if the money doesn't move, Kosares adds, big players are acquiring gold as insurance against the next big financial disaster whatever it turns out to be. His commentary is headlined "Gold a Safe Harbor on an Ocean of Excess Reserves" and it's posted at USAGold's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
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