GATA

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Section: Daily Dispatches

10:16a ET Tuesday, December 31, 2024

Dear Friend of GATA and Gold:

Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.

Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.

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Why a tense world is betting on gold

Section: Daily Dispatches

By Carlo Boffa and Ben Munster
Politico, Washington
Tuesday, December 31, 2024

The days of navigating treacherous paths through the Rocky Mountains in search of a rich vein of the glittery good stuff might be over. But gold rushes still occur -- and we're in one right now.

As war, ideology, and protectionism divide the world into distinct blocs, developing countries in particular are hoarding bullion to prepare for the day when a global financial system dominated by the U.S. and Europe collapses, and a new one can take its place.

Alasdair Macleod: A year in review for gold and silver

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, December 27, 2024

Gold rose and silver rose moderately in quiet trading during Christmas week. In early morning European trading today, spot gold was $2627, up $34 from last Friday’s close and silver at $29.70 was up 20 cents. 

Inspector general questions origin of gold used by U.S. Mint

Section: Daily Dispatches

By Paul Gilkes
Coin World, Sidney, Ohio
Saturday, December 28, 2024

During its most recent audit of the United States Mint's processes and control over gold bullion acquisition for bullion and numismatic programs, the Treasury Department's Office of Inspector General found "that the Mint cannot ensure most gold coins produced are minted from newly mined U.S. gold in compliance with the Gold Bullion Coin Act of 1985 and the Presidential $1 Coin Act of 2005."

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Section: Daily Dispatches

5:56p ET Saturday, December 29, 2024

Dear Friend of GATA and Gold:

Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.

Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.

... Dispatch continues below ...


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Fed Chairman Burns admitted gold's competition with dollar but his latest successor lies about it

Section: Daily Dispatches

5:13p ET Saturday, December 28, 2024

Dear Friend of GATA and Gold:

In his essay this week marking the 50th anniversary of the re-legalization of monetary gold in the United States in 1974 --

https://stuartenglert.substack.com/p/a-toast-to-50-years-of-legalized

-- researcher and author Stuart Englert noted the opposition by Arthur Burns, then chairman of the Federal Reserve Board.

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