Michael Kosares

 

Michael J. Kosares has over 40 years’ experience in the gold business. He is the founder and executive director of USAGOLD (both the website and gold brokerage service), the author of three books on the gold market, and the editor of "News, Commentary & Analysis," the firm's client letter. He has written numerous magazine and internet essays and is well-known for his ongoing commentary on the gold market and its economic, political and financial underpinnings. Visit his website at www.usagold.com.

Articles by Michael Kosares

Whenever the mainstream media decides to undertake one of its periodic attacks on gold and gold ownership, it almost always begins by laying out gold's long history as a proven inflation hedge. It then proceeds to explain that inflation is...
"At present, up to 12 trillion yuan stays in domestic residents' saving accounts. The launch of individual gold investment, therefore, will allow residents to change currency assets into gold assets. At the macro level, it will expand...
"It is related of the illustrious Sandy McHoots that when, on the occasion of winning the British Open Championship, he was interviewed by reporters from the leading daily papers as to his views on Tariff Reform, Bimetallism, the Trial by...
Yesterday’s Fed announcement is a distinct break with the past and a watershed moment for the markets psychologically. The Fed will no longer be able to simply crack the rhetorical whip in order to keep the market tiger sitting on its...
Over the years, I have written occasionally about the connection between the demand for U.S. government debt and quantitative easing. My contention is straightforward. The primary determinant for quantitative easing is not, as we are...
“Adjusted for the 1980 inflation measure the gold price is approaching its bear market low of 2001. In fact, gold is now below the 1975 price when it became legal to own it again! . . . . . . . .Don’t worry about the current range bound...
From this morning’s Financial Times: “It is quite easy for one to introduce QE policy, as it is little more than printing money. When QE is in place, there may be all sorts of players managing to stay afloat in this big ocean. Yet it is...
Let the seller beware! The German citizen/investor who put away a few rolls of 20 mark gold coins (.2304 tr ozs. shown below) in 1918 would have done so at 119 marks per ounce. By early 1920 the previous rapid inflation had suddenly given...
John Maynard Keynes once remarked that “A debtor nation does not love its creditor, and it is fruitless to expect feelings of good will.” In the case of the financial arrangement between China and the West including the United States, I...
These charts summarize gold's impressive performance during the tumultuous first fourteen years of the 21st century. Investors fearing some future Black Monday, a general bank or currency collapse, a 1930s-style economic depression, or a...

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A sheet of gold can be made thin enough to be transparent