You are here
Mike Kosares: Will the Shanghai fix fix the gold market?
5:50p ET Monday, March 9, 2015
Dear Friend of GATA and Gold:
China's new involvement in the London gold market and its opening of a physical gold exchange in Shanghai may be meant less to bust the Western paper gold racket than to facilitate the flow of Western gold to Asia that is already underway, USAGold proprietor Michael Kosares writes today.
"I see China's latest forays in the international gold market as an attempt to fuse with and influence the current market structure rather than circumvent or supersede it," Kosares writes. "China, in my view, seeks synthesis, not antithesis, and though some might be disappointed in the strategy, I see it as bracing for gold's future and even more bullish for gold in the long run than a policy of confrontation. By taking its seat at the gold-pricing table, China inadvertently will act as a proxy for gold coin and bullion owners all over the world."
Kosares' commentary is headlined "Will the Shanghai Fix Fix the Gold Market?" and it's posted at USAGold here:
http://www.usagold.com/cpmforum/2015/03/09/will-the-shanghai-fix-fix-the...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Silver mining stock report comes with 1-ounce silver round
Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:
Join GATA here:
Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Singapore
Wednesday-Friday, March 18-20, 2015
http://www.mininginvestmentasia.com/
Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong Special Administrative Region, China
Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/
* * *
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
