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Mike Kosares: Oil's drop threatens credit crisis but not gold

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Chris Powell

GATA

Published : November 28th, 2014

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FOLLOW : Collapse Commodities Crisis Gold Oil

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Category : GoldWire


	Oil's price decline can't be welcomed by central banks trying to engineer inflation, USAGold's Mike Kosares writes today, and it even threatens to trigger another credit crisis. Kosares writes: "Those who are driving gold down today on the commodities exchanges forget that gold's rise over the last several years (despite its interim downside correction) has been in response to disinflation, not inflation -- and demand remains strong due to concerns about the stability of the financial system itself." Kosares' commentary is headlined "Quick Take on Oil's Collapse, Gold's Drop, and Worries about an Oil-Driven Credit Collapse" and it's posted at USAGold here: http://www.usagold.com/cpmforum/2014/11/28/ea...s-collapse-g...

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Chris Powell 13 abonnés

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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