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Doug Pollitt: What crypto-euphoria says about gold
9:48a ET Sunday, September 17, 2017
Dear Friend of GATA and Gold:
In his September market letter, Doug Pollitt of Pollitt & Co. in Toronto identifies bitcoin's weaknesses and concludes that the crypto-currency is useful mainly for speculation even as it indicates the growing madness of the world financial system.
So what is a reliable store of wealth? Pollitt writes: "If you can't bury it in your backyard, the truly orthodox among us aren't interested."
Pollitt's letter is headlined "What Crypto-Euphoria Says About Gold" and with his kind permission it's posted in PDF format at GATA's internet site here:
http://www.gata.org/files/PollittLetter-09-01-2017.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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