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Daily Dispatches
Ambrose Evans-Pritchard: Zero-Covid disaster destroys Xi's authoritarian dreams
Submitted by admin on Thu, 2022-12-29 22:58 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, December 29, 2022
China’s lurch from extreme zero-Covid to extreme herd immunity is a watershed moment in the global ideological struggle of our age, an unanswerable illustration of why autocratic regimes are less successful in the end than messy liberal democracies.
Tennessee and Virginia legislators named Sound Money Legislators of the Year
Submitted by admin on Thu, 2022-12-29 18:04 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Tuesday, December 27, 2022
As the year comes to a close, Money Metals Exchange and the Sound Money Defense League have named Tennessee state lawmakers Rep. Bud Hulsey and Sen. Frank Niceley Virginia Delegate Amanda Batten as "Sound Money Legislators of the Year."
Hulsey and Niceley won their multi-year battle to eliminate unjust sales taxation of the monetary metals in the Volunteer State, passing House Bill 1874 and Senate Bill 1857 in May.
Central bank gold buying is highest since financial system broke 55 years ago
Submitted by admin on Thu, 2022-12-29 11:15 Section: Daily DispatchesBy Harry Dempsey
Financial Times, London
Thursday, December 29, 2022
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years.
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Alasdair Macleod: Gold in 2023
Submitted by admin on Thu, 2022-12-29 11:04 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 29, 2022
This article is in two parts. In Part 1 it looks at how prospects for gold should be viewed from a monetary and economic perspective, pointing out that it is gold whose purchasing power is stable, and that of fiat currencies which is not.
Consequently, analysts who see gold as an investment producing a return in national currencies have made a fundamental error which will not be repeated in this article.
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Michael Howell: Is QE returning by stealth?
Submitted by admin on Wed, 2022-12-28 20:16 Section: Daily DispatchesBy Michael Howell
Financial Times, London
Wednesday, December 28, 2022
https://www.ft.com/content/64b3d0b6-e0be-4e8c-9b20-c595428267d5
It has been a bleak year for many investors. Global investors have lost $23 trillion of wealth in housing and financial assets so far in 2022, according to my estimates. That is equivalent to 22% of global gross domestic product and uncomfortably exceeds the lesser $18 trillion of losses suffered in the 2008 financial crisis.
India's central bank was top gold buyer from April 2020 to Sept. 2022
Submitted by admin on Tue, 2022-12-27 09:23 Section: Daily DispatchesFrom Adda24/7
Gurugram, India
Monday, December 26, 2022
With 132.34 metric tonnes of gold purchased, the Reserve Bank of India has emerged as the largest buyer of the yellow metal among central banks between April 2020 and September 2022.
The RBI was the top gold buyer among its peers in 2020 while it stood third in 2021. In 2020 it bought 41.68 MT of gold, while in 2021 and 2022 (till September end) it bought 77.5 MT and 31.25 MT respectively.
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Euro is forecast to be worth less than a dollar after Lagarde's 'kamikaze' rate rises
Submitted by admin on Sun, 2022-12-25 16:57 Section: Daily DispatchesBy Szu Ping Chan
The Telegraph, London
Sunday, December 25, 2022
The euro will collapse below parity with the dollar next year as the European Central Bank "kamikaze" rate rises backfire and a scramble for energy supplies pushes the bloc into a prolonged economic downturn, City economists have said.
JP Morgan, ING, Capital Economics, and Barclays all believe the single currency will drop below parity against the dollar within months to a fresh 20-year low.
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Has Russia's invasion of Ukraine doomed the dollar?
Submitted by admin on Sat, 2022-12-24 18:03 Section: Daily DispatchesBy Robert G. Rabil
The National Interest, Washington
Friday, December 23, 2022
Russia's invasion of Ukraine has undoubtedly ended the post-Cold War era. Although many countries have condemned Russia's invasion, the majority of them have not sanctioned Russia.
Metals trader Andrew Maguire interviewed on UK network by Nigel Farage
Submitted by admin on Fri, 2022-12-23 23:09 Section: Daily Dispatches11:08p ET Friday, December 24, 2022
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire was interviewed this week on Nigel Farage's program on the GBN network in the United Kingdom, discussing gold market manipulation and what he sees gold's superior qualities as money.
The interview is 10 minutes long and can be viewed at YouTube here:
Japan's Christmas bombshell risks setting off another European credit crunch
Submitted by admin on Fri, 2022-12-23 22:42 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, December 23, 2022
Japan is the world’s top creditor with $3.6 trillion (L3 trillion) of net assets overseas. It is the marginal buyer of British, eurozone, and American debt, and a central pillar of the international bond market.
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