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Daily Dispatches
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Fri, 2022-06-10 16:27 Section: Daily Dispatches4:22p Friday, June 10, 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.
Alasdair Macleod: Protection from a currency collapse
Submitted by admin on Fri, 2022-06-10 16:17 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, June 10, 2022
While markets seem becalmed, financial conditions are rapidly deteriorating.
Last week Jamie Dimon of JPMorgan Chase gave the clearest of signals that bank credit is beginning to contract. Russia has consolidated its rouble, which has now become the strongest currency by far. The Fed announced the previous week that its balance sheet is in negative equity. And there's mounting evidence that we have a nascent crack-up boom.
... Dispatch continues below ...
Ted Butler: Investors have eyes wide shut about silver
Submitted by admin on Thu, 2022-06-09 19:59 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, June 9, 2022
Paul Krugman, the economist whose work you either love or hate, had a compelling editorial this week in the New York Times titled, "From the Big Short to the Big Scam," in which he compared the real estate bubble of 2006 and subsequent crash to cryptocurrencies today.
Newmont sells 3,500 ounces of gold to Ghana's central bank under local purchasing plan
Submitted by admin on Wed, 2022-06-08 11:26 Section: Daily DispatchesBy Cooper Inveen and Sofia Christensen
Reuters
via Yahoo News, Sunnyvale, California
Tuesday, June 7, 2022
https://finance.yahoo.com/news/1-newmont-sells-3-500-181601073.html
ACCRA, Ghana -- Newmont Mining's Africa unit has sold 3,500 ounces of gold to the Bank of Ghana under a central bank domestic gold purchasing program launched in June 2021, the company said today.
Northwest Territorial Mint fraudsters get years in prison
Submitted by admin on Tue, 2022-06-07 21:43 Section: Daily Dispatches$30 Million in Missing Gold Bars, a Couple on the Lam from the FBI, and a Corgi Nicknamed Nugget: The Inside story of a Precious Metal Ponzi Scheme
By Lukas I. Alpert
MarketWatch, New York
Tuesday, June 7, 2022
A precious metals dealer who recently went on the lam after being convicted in a $30 million Ponzi scheme involving gold and silver bars has been sentenced to 11 years in federal prison.
Craig Hemke: When money dies all over again
Submitted by admin on Tue, 2022-06-07 14:00 Section: Daily Dispatches2p ET Tuesday, June 7, 2022
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing today at Sprott Money, excerpts some passages from Adam Fergusson's classic economic history of the 1920s, "When Money Dies" -- passages that seem to evoke our own era of infinite money creation.
Hemke's commentary is headlined "When Money Dies" and is posted at Sprott Money here:
https://www.sprottmoney.com/blog/When-Money-Dies-Craig-Hemke-June-07-2022
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Mon, 2022-06-06 17:08 Section: Daily Dispatches5:07p ET Monday, June 6, 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.
India's May gold imports surge 677% to $5.83 billion
Submitted by admin on Mon, 2022-06-06 10:53 Section: Daily DispatchesFrom Reuters
via The Hindu, Chennai
Monday, June 6, 2022
India's gold imports in May jumped 677% from a year ago to the highest level in a year as a correction in prices just before a key festival and wedding season boosted retail jewellery purchases, a government source said today.
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, but the surge could increase India's trade deficit and put pressure on ailing rupee.
... Dispatch continues below ...
Hedge fund sues LME for $456 million over nickel trade cancellations
Submitted by admin on Mon, 2022-06-06 10:38 Section: Daily DispatchesBy Selena Li and Eric Onstad
Reuters
Monday, June 6, 2022
U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said today.
The legal action piles more pressure on the exchange, which is being probed by regulators and is struggling to restore trust and volumes in its nickel market.
Strike ends as Sibanye and gold miners reach settlement
Submitted by admin on Fri, 2022-06-03 21:10 Section: Daily DispatchesBy Lisa Steyn
News24, Cape Town, South Africa
Friday, June 3, 2022
A three-month strike at Sibanye-Stillwater's gold operations was called off today after union members agreed to the company's latest offer.
Against a wage demand of R1,000 increase in each year of a three-year wage agreement, Sibanye workers have settled on an increase of R1,000 for the first year, a R900 increase in the second year and a R750 increase in the third year.
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