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Daily Dispatches
At Liberty and Finance, GATA's Steer says JPM's dishoarding holds silver down
Submitted by admin on Fri, 2024-07-26 09:59 Section: Daily Dispatches9:59a ET Friday, July 26, 2024
Dear Friend of GATA and Gold:
Appearing this week on the Liberty and Finance channel at YouTube with host Dunagun Kaiser, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, says silver demand is huge and is being met mainly by dishoarding from the stash maintained by JPMorganChase, which long has been suppressing the monetary metal's price.
Another sign that India's government is retreating from the war on gold
Submitted by admin on Thu, 2024-07-25 14:30 Section: Daily DispatchesBy Shweta Punj, Meghna Mittal, and Bodhisatva Ganguli
Money Control, Mumbai
Thursday, July 25, 2024
The government may scale back or even discontinue the Sovereign Gold Bonds scheme, which it considers too expensive, a person familiar with the development said.
This move coincides with the Union budget cutting customs duties on gold and silver to 6% from 15%. The reduction in customs duty is expected to dampen demand for Sovereign Gold Bonds.
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Market analyst Peter Grandich discusses GATA's work with secretary/treasurer
Submitted by admin on Wed, 2024-07-24 18:17 Section: Daily Dispatches6:19p ET Wednesday, July 24, 2024
Dear Friend of GATA and Gold:
Market analyst and monetary metals advocate Peter Grandich today discussed with your secretary/treasurer GATA's 25 years of exposing manipulation of the monetary metals markets, work that has led to central banks restoring and increasing their gold reserves, as well as to the disappearance of market analysts who ridiculed assertions of market rigging only to find them documented extensively year after year.
Chinese gold imports fell by almost two-thirds on high prices
Submitted by admin on Tue, 2024-07-23 10:29 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Monday, July 22, 2024
China's gold imports plunged last month, a sign that the nation's buyers are deterred by the precious metal's elevated prices amid a sluggish economy.
Purchases from overseas by the biggest bullion consumer fell nearly 60% to 58.9 tons, the lowest since May 2022, according to official data released Sunday.
India slashes import tax on gold and silver to tackle smuggling
Submitted by admin on Tue, 2024-07-23 10:22 Section: Daily DispatchesOr maybe it's just more evidence that the Indian government is getting aboard the gold train after many years of trying to block it.
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By Rajendra Jadhav
Reuters
Tuesday, July 23, 2024
MUMBAI -- India today slashed import duties on gold and silver in a move industry officials said could lift retail demand and help cut smuggling in the world's second-biggest bullion consumer.
Suppressing silver prices has been official U.S. policy since 1965
Submitted by admin on Sun, 2024-07-21 15:27 Section: Daily Dispatches3:24p ET Sunday, July 21, 2024
Dear Friend of GATA and Gold:
Trump's disdain for digital dollar risks 'Cold War era' in money
Submitted by admin on Sat, 2024-07-20 09:30 Section: Daily DispatchesBy María Paula Mijares Torres
Bloomberg News
Friday, July 19, 2024
Central bank digital currencies were once looked upon as nothing short of the future of money around the world. Yet at least in the United States, that sunny outlook for CBDCs is in serious doubt for one simple reason: Donald Trump and his Republican allies hate them.
GATA's Ed Steer talks silver price suppression with Money Metals' Mike Maharrey
Submitted by admin on Sat, 2024-07-20 09:15 Section: Daily Dispatches9:12a ET Saturday, July 20, 2024
Dear Friend of GATA and Gold:
GATA board member Ed Steer, proprietor of Ed Steer's Gold and Silver Digest, is interviewed today by Mike Maharrey of Money Metals Exchange about silver price suppression on the New York Commodities Exchange, where paper trading is still dominating physical trading despite signs of a big shortage of metal for the physical market.
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UK gold coin sales jump on concerns over Labour's fiscal plans
Submitted by admin on Thu, 2024-07-18 22:37 Section: Daily DispatchesBy Jack Wittels
Bloomberg News
Thursday, July 18, 2024
Sales of tax-exempt gold coins by the UK's Royal Mint jumped in the last quarter as investors fretted about potential changes to fiscal policy by an expected new Labour government.
The total value of gold coins that don’t attract capital gains sold on the Mint's website jumped by 9% during April-June from a year earlier, according to Stuart O’Reilly, market insight manager at the money producer.
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Why younger investors are drawn to gold
Submitted by admin on Thu, 2024-07-18 18:47 Section: Daily DispatchesBy Chris Taylor
Reuters
Thursday, July 18, 2024
NEW YORK -- What asset class do millennials and Gen Z investors both want to own?
Here is an answer you may not have guessed: Gold.
Among wealthy investors under the age of 43, 45% own gold as a physical asset, and another 45% are interested in holding it, according to a recent study by Bank of America Private Bank.
Those are far higher percentages than other age groups.
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