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Daily Dispatches
Gold fetches huge premium in China as demand improves
Submitted by admin on Fri, 2022-09-23 09:15 Section: Daily DispatchesFrom Bloomberg News
Thursday, September 22, 2022
Gold in China is trading at a huge premium to international prices as a revival in demand outstrips the country’s imports.
Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019, according to data from the World Gold Council. Unusually, the two have steadily diverged over the course of the month, with the Chinese market remaining relatively firm despite pressure on international prices.
Trump was once paid in gold bars by leaseholder, book says
Submitted by admin on Thu, 2022-09-22 21:09 Section: Daily DispatchesBy Zach Schonfeld
The Hill, Washington
Thursday, September 22, 2022
Former President Trump was once paid with dozens of gold bars to cover the lease of a Manhattan parking garage he owned, according to a new book.
New York Times journalist Maggie Haberman's forthcoming book, titled "Confidence Man: The Making of Donald Trump and the Breaking of America," includes an episode detailing the payment and other business practices, according to an excerpt shared with CNN.
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Alasdair Macleod: Gold has never been so attractive
Submitted by admin on Thu, 2022-09-22 11:28 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, September 22, 2022
In our lifetimes we have not seen anything like the developing economic and financial crisis. Rising interest rates are way, way behind reflecting where they should be.
Swiss imports of Russian gold rise to most since April 2020
Submitted by admin on Tue, 2022-09-20 21:17 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Tuesday, September 20, 2022
Switzerland's imports of Russian gold surged to the highest in more than two years, a sign that more old bullion from the country may be being remelted to make it easier to sell.
About 5.7 tons -- worth $324 million -- of Russian metal was imported by the refining hub in August, according to data from the Swiss Federal Customs Administration. That's the most since April 2020.
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Join GATA at the New Orleans conference Oct. 12-15
Submitted by admin on Tue, 2022-09-20 21:14 Section: Daily DispatchesGATA Chairman Bill Murphy and your secretary/treasurer will be among the speakers.
The conference's room block at the conference hotel, the beautiful Hilton New Orleans Riverside, will expire this Friday.
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By Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022
As a serious investor, you’re well aware of the unique challenges presented by today’s markets.
Craig Hemke at Sprott Money: We're still on 'Crash Watch'
Submitted by admin on Tue, 2022-09-20 20:53 Section: Daily DispatchesBy Craig Hemke
TF Metals Report
via Sprott Money, Toronto
Tuesday, September 20, 2022
Through September we have been on "Crash Watch" over concerns that a global equity market drop could lead to a liquidity-driven margin call across all asset classes.
The watch continues through this week's Federal Open Market Committee meeting and then into October. ...
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Kinross Gold wins hedge fund's favor with buyback plan
Submitted by admin on Mon, 2022-09-19 21:29 Section: Daily DispatchesBy Noah Zivitz
BNN Bloomberg
Monday, September 19, 2022
Kinross Gold Corp. announced plans to ramp up its share repurchases subsequent to talks with a renowned activist investor and other shareholders.
The Toronto-based miner said in a news release today that it will aim to buy back US$300 million of its shares before the end of this year. It added that it will allocate 75% of excess cash to buybacks in 2023 and 2024.
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When buying gold or silver, please consider the dealers who support GATA
Submitted by admin on Mon, 2022-09-19 21:09 Section: Daily Dispatches9:08p ET Monday, September 19, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
More central banks engaged in gold lending and swaps last year
Submitted by admin on Thu, 2022-09-15 20:12 Section: Daily Dispatches"Ninety-nine-point-nine percent of the central bankers I know don't even know they have gold in their vault. They don't spend one millisecond thinking about gold during the day. It's not on their agenda, so to think that they try to manipulate gold to suppress the gold price -- forget it. They don't even think about it."
-- Pierre Lassonde, founder and chairman emeritus of Franco-Nevada Corp., former president of Newmont Mining, and former chairman of the World Gold Council, during an interview with MineWeb in October 2013.
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Alasdair Macleod: Inflation is turning hyper
Submitted by admin on Thu, 2022-09-15 11:54 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, September 15, 2022
Money supply took off during covid lockdowns. It is now about to take off again to pay everyone's energy bills. But that is not all.
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