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Mike Kosares: Why China thinks gold is the buy of the century
5:17p ET Tuesday, September 30, 2014
Dear Friend of GATA and Gold:
China's foreign-exchange surplus is so much larger than the nominal value of all the official gold in the world that a mightly upward revaluation of the monetary metal is inevitable, Mike Kosares of Centennial Precious Metals in Denver writes today. "China," Kosares writes, "through its staunch advocacy of gold, might already be in the process of forcing the issue."
Kosares' commentary is headlined "Why China Thinks Gold Is the Buy of the Century" and it's posted at Centennial's Internet site, USAGold, here:
http://www.usagold.com/publications/Oct2014R&O.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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