Daily Dispatches

9:52p ET Sunday, May 8, 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. 

In 2006, when Canada sold the last of its official gold reserves, the gold price was fluctuating between US$1,140 and US$1,380. Today gold is at US$1,883. Since 2006 it has been as high as US$2,000 and has never been lower than it was in 2006. In recent years central banks have turned from net sellers to net buyers of gold.

By Alasdair Macleod
GoldMoney, Toronto
Thursday, May 5, 2022

The chasm between Eurasia and the Western defence groupings (NATO, Five Eyes, AUKUS, et al.) is widening rapidly. While media commentary focuses on the visible side of the conflict in Ukraine, the economic and financial aspects are what really matter.

There is an increasing inevitability about it all. China has been riding the inflationist Western tiger for 40 years and now that it sees the dollar's debasement accelerating wonders how to get off. 

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From Reuters
Wednesday, May 4, 2022

The Russian rouble jumped on Wednesday to a more than two-year high against both the dollar and euro, retaining the support of hefty capital controls as the European Union proposed a new package of sanctions against Russia over events in Ukraine.

Movements on Russian markets are affected by the rouble being propped up by capital controls, while stocks are trading with a ban on short selling and foreign players barred from ditching shares in Russian companies without permission.

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