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Daily Dispatches
Taiwan's central bank says gold reserve supports country's currency
Submitted by admin on Sun, 2024-08-18 09:50 Section: Daily DispatchesFrom the Central News Agency, Taipei
Friday, August 16, 2024
TAIPEI -- Taiwan has about 422 tonnes of gold in reserve, held by the Central Bank of the Republic of China (Taiwan) to support the value of the national currency, a central bank official said today.
Of that amount, 410 tonnes is retained as an asset for the issuance of New Taiwan Dollars, the official added.
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Miles Franklin's Andrew Schectman, on LFTV, reviews how the BIS is shifting the world back to gold
Submitted by admin on Fri, 2024-08-16 21:44 Section: Daily Dispatches9:42p ET Friday, August 16, 2024
Dear Friend of GATA and Gold:
Bullion dealer Andrew Schectman of Miles Franklin in Minnesota, the guest on this week's installment of Kinesis Money's "Live from the Vault" program with London metals trader Andrew Maguire, discusses the Bank for International Settlements' orchestration of a shift away from the U.S. dollar to gold as the primary world reserve currency.
The discussion is 67 minutes long and can be watched at YouTube here:
China issues new gold import quotas after pause, sources tell Reuters
Submitted by admin on Fri, 2024-08-16 15:42 Section: Daily DispatchesBy Ashitha Shivaprasad and Polina Devitt
Reuters
via Yahoo News, Sunnyvale, California
Friday, August 16, 2024
Several Chinese banks have been given new gold import quotas from the central bank, anticipating revived demand despite record high prices, four sources with knowledge of the matter told Reuters.
The new quotas, aimed at helping the People's Bank of China control how much bullion enters the world's leading consumer of the precious metal, were granted in August after a two-month pause largely due to slower physical demand in the wake of a bullish market.
Peter St. Onge: How gold can save the dollar
Submitted by admin on Thu, 2024-08-15 19:56 Section: Daily DispatchesBy Peter St. Onge
via Money Metals Exchange, Eagle, Idaho
Can we save the dollar before central banking kills it?
Our deficits are now stuck at 8% of gross domestic product -- unprecedented in peacetime. And our national debt just hit $35 trillion -- unprecedented in the history of man.
Even the central bankers realize that this isn't sustainable. That we are coming to the day our paper money utopia crumbles.
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Jan Nieuwenhuijs: Argentina's gold reserves arrive in London
Submitted by admin on Thu, 2024-08-15 19:47 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Thursday, August 15, 2024
In June the United Kingdom received a gold shipment worth $150 million dollars from Argentina. Most likely the gold was sent by the central bank of Argentina to be used as collateral in the London Bullion Market.
Pam and Russ Martens: New study says Fed is captured by Congress and presidency, not megabanks
Submitted by admin on Thu, 2024-08-15 11:20 Section: Daily DispatchesBut what if the megabanks have captured Congress and the presidency as well?
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By Pam and Russ Martens
Wall Street on Parade
Thursday, August 15, 2024
A fascinating new academic paper has been released. Its title is "The Myth of Fed Political Independence." Its premise is this: "The much-vaunted independence of the Federal Reserve is a myth. The Fed is not the bastion of sound monetary policy. Rather, it is just another politically co-opted agency of the federal government."
The U.S. is ready with a gold revaluation mechanism too
Submitted by admin on Thu, 2024-08-15 01:15 Section: Daily Dispatches1:36a ET Thursday, August 15, 2024
Dear Friend of GATA and Gold:
In an interview this week with Mark Moss of Market Disruptors that is posted at YouTube --
A metals vault bigger than Fort Knox opens in Idaho
Submitted by admin on Mon, 2024-08-12 16:27 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Monday, April 12, 2024
EAGLE, Idaho -- The Western United States now has its very own Fort Knox, only substantially larger.
After three years of planning and construction, Money Metals has opened its state-of-the-art 37,000-square-foot vaulting and fulfillment facility in Eagle, Idaho.
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Mark Twain sort of anticipated the trillion-dollar platinum coin
Submitted by admin on Mon, 2024-08-12 14:22 Section: Daily Dispatches2:34p ET Monday, August 12, 2024
Dear Friend of GATA and Gold:
Responding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar platinum coin do to the price of U.S. platinum Eagles?
Gold Fields to buy Canada's Osisko in $1.6 billion deal with 67% share price premium
Submitted by admin on Mon, 2024-08-12 12:16 Section: Daily DispatchesBy Sybilla Gross, Thomas Biesheuvel, and William Clowes
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, August 12, 2024
Gold Fields Ltd. agreed to buy Canada's Osisko Mining Inc. in a deal valued at C$2.16 billion ($1.6 billion) as soaring prices for the precious metal drive producers to seek expansion.
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