11:30p ET Tuesday, September 15, 2009
Dear Friend of GATA and Gold:
Michael Kosares, proprietor of Centennial Precious Metals in Denver (www.USAGold.com [1]), has updated his table of disturbing economic trends. Kosares concludes:
"Please keep in mind that the first wave of investors who reacted to the message in 'Disturbing Trends' paid between $250 and $300 per ounce for their gold. These early buyers have emerged from the latest round in the ongoing financial crisis with their wealth relatively intact (assuming they achieved the recommended 10-30 percent diversification). Also, be aware that none of the conditions that induced those initial purchases has changed, except that they have decidedly worsened."
The facts laid out by Kosares make the ever-more-compelling case for gold ownership, even as they also constitute the reasons for irresponsible governments to wage surreptitious war against a rising gold price.
Kosares' "Disturbing Trends 2009" essay is headlined "Bail, Rescue, Print Formula No Cure for What Ails America" and you can find it at USAGold here:
http://www.usagold.com/amk/disturbingtrends2009exec.html [2]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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