Michael Kosares
Author, Editor, Founder, and Executive Director @ USAGold.com
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.
Michael Kosares Articles
The new year has ushered in a remarkable and unexpected turn of events for gold. It is up significantly in four of the seven top currencies (the euro, British pound, Australian and Canadian dollars), up respectably in two others (U.S....
Up until now, the announced losses from the Swiss National Bank’s decision to let the franc go have not been enough to cause a great deal of angst and outright pain in the world’s principal trading houses. FT reports that Citigroup lost $...
Looking back - Two surprise transformations at the end of 2014. A year of many surprises, 2014 ended with a couple surprise personal transformations largely passed over by the mainstream media.
We all know that the major central banks around the world are on the same page when it comes to inflation: They want it higher. One member of the European Central Bank’s executive board, Yves Mensch, went so far as to suggest that Europe...
During the time Alan Greenspan and representative Ron Paul had their famous series of exchanges (some might have labeled them confrontations) during Congressional hearings from 1997 to 2005, the congressman made what turns out to have been...
On the occasion of the launch of the Shanghai International Gold Exchange on September 19, 2014, Zhou Xiaochuan, the governor of the Peoples’ Bank of China (PBOC), reflected on his country’s view of gold. “[The] gold market,” he said, “is...
Some of you might be wondering what happened to gold at the 4pm (MDT) open, particularly in light of the rather benign, steady-as-she-goes Fed announcement. This looks like it might have to do with the Scotland independence vote in the UK...
"Interest rates on Treasury securities, which have been exceptionally low since the recession are projected to increase in the next few years as the economy strengthens and to end up at levels that are close to their historical averages (...
Let me start the proceedings with this — a repast on the nature of the human predicament 2014. Below is a follow-up to Richard Russell’s stated concerns (scroll below) on the persistence of war and inflation in human affairs. I do not...
“Gold rose to a one-week high after several Federal Reserve policy members expressed concern that investors may be growing too complacent on the economic outlook, boosting demand for the metal as a haven. ‘Signs of increased risk-taking...
