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USAGold's December letter: The masters of the universe and gold
2:22p ET Tuesday, November 30, 2021
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for December examines how the U.S. Treasury bond market is now almost entirely a creature of the Federal reserve, which has been monetizing most of the federal government debt undertaken in the last decade.
Gold, the letter suggests, quoting market analyst Charlie Morris, is a sort of bond itself, and a much more attractive one because:
-- It is a zero-coupon because it pays no interest.
-- It has a long duration because it lasts forever.
-- It is inflation-linked, as historic purchasing power has demonstrated.
-- It has zero credit risk, assuming it is held in physical form.
-- It was issued by God.
Maybe that's why governments and central banks feel so obliged to manipulate the gold price -- to weaken its competition with government-issued bonds.
The USAGold "News & Views" letter for December is headlined "The Masters of the Universe and Gold" and it's posted here:
https://www.usagold.com/nv1036decemberer2021/
CHRIS POWELL, Secretary/Treaurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: bagman1236@aol.com
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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