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Daily Dispatches
Alasdair Macleod: Failing states and strangled economies
Submitted by admin on Thu, 2022-07-07 11:11 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 7, 2022
Fickle markets have stopped worrying about inflation and begun to worry about recession. Both the financial establishment and investors seem incapable of understanding that it is not either one or the other but both together.
Behind the inevitable crisis now emerging is a lack of understanding that it is not supply chain failures or an evil president of Russia that have caused our current predicament, but our previous monetary excesses.
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When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Thu, 2022-07-07 10:25 Section: Daily Dispatches10:25a ET Thursday, July 7, 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.
JPMorgan's 'big hitters' of gold market go to trial over spoofing
Submitted by admin on Thu, 2022-07-07 10:23 Section: Daily DispatchesBy Eddie Spence and Tom Schoenberg
Bloomberg News
Thursday, July 7, 2022
Michael Nowak was once the most powerful person in the gold market.
Bullion Star's Ronan Manly: Peter Hambro's declaration is a big deal
Submitted by admin on Wed, 2022-07-06 16:42 Section: Daily Dispatches4:40p ET Wednesday, July 6, 2022
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly thinks it's remarkably important that gold mining and bullion banking veteran Peter Hambro this week came out flatly declarting that central banks and their agent investment banks operate a largely surreptitious system of suppressing international gold prices.
Hambro's declaration came in an essay called to your attention by GATA on Monday:
Prices don't drop when inflation eases
Submitted by admin on Tue, 2022-07-05 22:47 Section: Daily DispatchesBy Medora Lee
USA Today, McLean, Virginia
via Yahoo News, Sunnyvale, California
Tuesday, July 5, 2022
When it comes to prices during inflation what goes up doesn't always come down.
When talking about inflation, it's important to remember that inflation is a rate that measures how fast prices are rising. If the consumer inflation rate drops from its 40-year high of 8.6% in May, prices are still rising -- just not as fast.
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Craig Hemke at Sprott Money: Looking ahead 90 days for gold and silver
Submitted by admin on Tue, 2022-07-05 22:36 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, July 5, 2022
As Q3 begins, the narrative of higher U.S. interest rates and a soaring dollar continues. But what will the narrative be by the end of Q3?
Answer that question and you'll know where Comex precious metals prices are headed.
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Peter Hambro: Putin and Xi know the golden rule
Submitted by admin on Mon, 2022-07-04 22:19 Section: Daily Dispatches10:20p ET Monday, July 4, 2022
Dear Friend of GATA and Gold:
Gold mining executive and trader Peter Hambro today reviews how the gold derivatives racket -- an enterprise of central banks, bullion banks, and futures-trading investment houses -- have rigged the gold market for many years using imaginary metal.
But Hambro warns: "Vladimir Putin and Xi Jinping are among those who know the golden rule: Whoever has the gold makes the rules."
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Mon, 2022-07-04 21:56 Section: Daily Dispatches9:55p ET Monday, July 4, 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.
'Exceptional' Roman gold coin hoard found in Britain
Submitted by admin on Fri, 2022-07-01 09:39 Section: Daily DispatchesAfter two millennia, Augustus' money is still good.
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By Katy Prickett
British Broadcasting Co., London
Friday, July 1, 2022
A hoard of Roman gold coins hidden in the decades before the Roman invasion of Britain has been discovered.
Eleven coins have been found so far, scattered near Norwich in Iceni tribe territory. Their queen Boudica would later rebel against Roman rule.
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India raises import tax on gold to support rupee
Submitted by admin on Fri, 2022-07-01 09:31 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Friday, July 1, 2022
MUMBAI -- India has raised its basic import duty on gold to 12.5% from 7.5%, the government said today, as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit.
Local gold prices jumped to an over-two-month peak of 52,032 rupees per 10 grams today, the highest since April 25.
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