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John Hathaway: Threats to 'paper gold' are growing and only metal in hand is safe
5:45p ET Thursday, December 12, 2013
Dear Friend of GATA and Gold:
The explosive growth of "paper gold" has depressed the metal's price even as prices of other scarce stores of wealth are soaring, the Tocqueville Gold Fund's John Hathaway writes today in a brilliant study of the gold market that takes note of many recent developments brought to your attention by GATA. Hathaway cites the intensifying threats to the "paper gold" system, predicts that money printing will become permanent policy for central banks, and concludes that the only risk-free asset remaining is metal in possession. Hathaway's commentary is posted at King World News here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/12_S...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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