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John Hathaway: Gold is now a contrarian's dilemma
7p ET Wednesday, December 8, 2009
Dear Friend of GATA and Gold:
Tocqueville Gold Fund manager John Hathaway, perhaps the most deliberate thinker on gold's side, has just published an essay evaluating the metal's contrarian success of the last decade and its prospects now that it's in the spotlight. While Hathaway is not comfortable with that spotlight, he still concludes that gold remains "under-owned and misunderstood by most" and that "as long as deflationary forces prevail, world governments will remain addicted to currency debasement" -- which means the market's increasing restoration of gold as a currency.
Hathaway's essay is headlined "A Contrarian's Dilemma" and you can find it at Tocqueville's Internet site here:
http://www.tocqueville.com/media/A_Contrarians_Dilemma.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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