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Mike Kosares: Reflections in a golden eye
11a PHT Monday, March 30, 2015
Dear Friend of GATA and Gold:
In his latest commentary at USAGold, Mike Kosares writes that short-term profits from gold trading may be paltry compared to long-term profits when financial systems come apart, expresses skepticism about the new London gold-fix mechanism, argues that government deficits matter because the public debt can become a serious burden on society, predicts that the Chinese yuan's ascendance will support gold, and maintains that the seemingly slow pace of central bank gold repatriation is not as important as the intent of the repatriation. Kosares' commentary is headlined "Reflections in a Golden Eye" and it's posted at USAGold here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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