News & Views
Forecasts, Commentary & Analysis on the Economy and Precious Metals
Celebrating our 42nd year in the gold business

December, 2012
_________________________________________________________________________________________________________________________________________________
USAGOLD's NEWS & VIEWS newsletter
mk Michael J. Kosares
Editor

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose." - John Maynard Keynes


USAGOLD Website

Gold coins & bullion since 1973

pileofgold

ORDER DESK
1-800-869-5115
Extension # 100

Great prices. Quick delivery. All the time.
Contemporary gold and silver bullion coins
Bullion-related historic gold coins
U.S. $20 gold pieces

Prefer e-mail to get started?
orderdesk@usagold.com


* * * * * * * * * * * * * * * * * * * * * *
bbb
USAGOLD rates A+ with zero complaints

* * * * * * * * * * * * * * * * * * * * * *

 
News & Views Online Daily
As it happens

We invite you to visit
our live, open access newsletter.

Forecasts, Commentary & Analysis
on the Economy and Precious Metals

Auto formats to smartphones.
 


–– OPEN ACCESS FILE ––
WHY GOLD, WHY NOW

dragon
The China Syndrome
The groundbreaking series on China's pivotal role in the gold market

swans
BlackSwans YellowGold
The standard reference on how gold performs during periods of deflation, chronic disinflation, runaway stagflation and hyperinflation

compass
Gold Chartography 101
The case for gold ownership in ten charts you will never see on CNBC

zero
Gold at the zero bound
Something happened on the way to negative interest rates. Something unexpected. Gold and silver demand went through the roof.

gold bull

Big banks, hedge funds key factors
in 2016 gold surge

A tale of two gold markets – the one ending December, 2015 and the one beginning January, 2016

wall street gamble

Gold a safe haven in ocean
of excess reserves

The little-known reasons why QE failed to ignite either inflation or an economic recovery

keynes young
Keynes on the menace
of printing money

How the celebrated economist might have structured his investment portfolio today.

______________________________

Michael J. Kosares, the author of these articles, has more than 40 years experience in the gold business. He is the founder and executive director of USAGOLD (both the website and gold brokerage service), the author of three books on the gold market, and the editor of "News & Views, Forecasts, Commentary & Analysis on the Economy and Precious Metals," the firm's client letter. He has written numerous magazine and internet essays and is well-known for his ongoing commentary on the gold market and its economic, political and financial underpinnings.

"I keep six honest serving men
(They taught me all I knew);
Their names are What and Why and When
And How and Where and Who."

– Rudyard Kipling –

BOOK ORDER FORM


USAGOLD smartphone

Strike gold on your smartphone!

With USAGOLD's new
mobile market monitor.

We were among the first in the industry to offer a gold and silver live pricing page specifically designed for smartphones. It quickly became our highest volume web page. Now, with our newly introduced one-stop mobile portal, we are among the first to offer a complete mini-site purposely designed for smartphones.

* * * * * * * * * * * * * * * * * * * * * *

USAGOLD's News & Views newsletter has provided cutting-edge coverage of the gold and silver markets for over 25 years. Its content is widely quoted, re-circulated and sourced at websites all over the world.

Its principal objectives have always been the same – to keep our clients informed on important developments in the gold market, condense the available gold-based news and opinion into a brief, readable digest, and, most importantly, to counter the traditional anti-gold bias in the mainstream media. That formula has won it a loyal five-figure subscription base.

If you would like to become a subscriber, we invite you to sign-up at our registration page. There is no charge for the service and your participation is welcome.

SPECIAL REPORT

Royals ask tough questions. . .

Queen Elizabeth checks out Bank of England gold room

ok

Back in 2008, when the financial system was on the verge of breakdown, Queen Elizabeth asked a now famous question during a visit to the London School of Economics: "Why didn't anyone see this coming?"

The answer she got left something to be desired, so apparently she decided to give it another try yesterday during a visit to the Bank of England's gold vault. Sujit Kapadia, a member of the BoE's Financial Services Committee responded by likening the 2008 crisis to an earthquake saying it was difficult to predict. He also mentioned that "people thought markets were efficient, people thought regulation wasn't necessary."

Last, he said, "People didn't realize just how interconnected the banking system had become."

"People had got a bit. . .lax, had they?" the Queen asked.

Once again, she had gotten the same standard boilerplate response that was offered up at the time of the 2008 crisis. Perhaps attempting to push for something better and underline the concern expressed by the Queen (and one held by good many others), Prince Philip ventured to ask

"Is there another one coming?"

queensreview

It is fitting that questions such as these would be raised amidst one of the largest single gold hoards on Earth, the Gold Room at the Bank of England on Threadneedle Street in London, United Kingdom.

ok

I have seen this look before. It is the one that usually comes at decision time and accompanies the question "Well, dear, shall we proceed?" The Windsor family, after all, is still among the wealthiest in the world, and the Prince did ask the right question -- one on the minds of many with assets to protect. . . . Are those British sovereigns I see sitting in the foreground?

ok

While at Threadneedle Street, the Queen also signed a million pound bank note which will be displayed at the Bank. Needless to say, one million pounds in gold would be considerably more formidable than a single bank note.

ok

One wonders what might be on the mind of the Queen as she takes-in all this gold. Britain once owned one of the largest gold hoards on earth, but most of the gold in this room belongs to other countries who have deposited it with the Bank of England.

Photos reproduced with the permission of Getty Images.

Comments by Michael Kosares, USAGOLD

_________________________________________________________________________

Michael J. Kosares is the founder of USAGOLD and the author of "The ABCs of Gold Investing - How To Protect and Build Your Wealth With Gold." He has over forty years experience in the physical gold business. He is also the editor of News & Views, the firm's newsletter which is offered free of charge and specializes in issues and opinion of importance to owners of gold coins and bullion. If you would like to register for an e-mail alert when the next issue is published, please visit this link.

Disclaimer - Opinions expressed on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the the accuracy, timeliness or completeness of the information found here.



Coins & bullion since 1973


Order Desk
1-800-869-5115
Extension # 100

Prefer email to get started?
orderdesk@usagold.com


- Hours -
6:00am - 6:00pm
U.S. Mountain Time
Monday - Friday

bbb
Better Business Bureau Rating A+
Zero Complaints

- Mailing Address -
USAGOLD
P.O. Box 460009
Denver, Colorado 80246-0009


Friday August 26
website support: sitemaster@usagold.com
Site Map - Risk Disclosure - Privacy Policy - Shipping Policy - Terms of Use
© 1997-2015 USAGOLD All Rights Reserved