You are here
Daily Dispatches
Three banks paying $50 million to settle antitrust claims they rigged London gold fix
Submitted by admin on Tue, 2021-11-16 23:27 Section: Daily DispatchesFrom Bloomberg Law, New York
Monday, November 15, 2021
Barclays Plc, Societe Generale SA, Scotiabank, and London Gold Market Fixing Ltd. will pay a combined $50 million to end antitrust litigation over an alleged scheme to rig the gold "fix," a key pricing benchmark, according to a federal court filing in Manhattan.
... Dispatch continues below ...
... ADVERTISEMENT ...
Monster 21-pound record gold nugget from Alaska offered for $1 million
Submitted by admin on Mon, 2021-11-15 14:45 Section: Daily DispatchesBy David Averre
Daily Mail, London
Monday, November 15, 2021
One of the biggest gold nuggets ever found has been put up for sale in Dallas for $1 million, 23 years after it was first discovered.
The Alaska Centennial Gold Nugget -- which weighs in at a staggering 21 pounds, is over 90% gold, and is the size of a child's head -- was unearthed by gold miner Barry Clay in Alaska in 1998.
... Dispatch continues below ...
... ADVERTISEMENT ...
As Newcrest scoops up Pretium, gold sector turns focus to next deal
Submitted by admin on Mon, 2021-11-15 11:45 Section: Daily DispatchesBy Niall McGee
The Globe and Mail, Toronto
Sunday, November 14, 2021
With Australia’s Newcrest Mining Ltd. set to acquire Canada’s Pretium Resources Ltd., attention is now turning to which gold miner will be next to get scooped up, even as money managers caution that acquirers are likely to tread warily.
Alex Gladstein: The end of super-imperialism
Submitted by admin on Mon, 2021-11-15 11:34 Section: Daily DispatchesThe historian Michael Hudson put the U.S. government's anti-gold policy into its full imperialistic context almost 50 years ago.
* * *
By Alex Gladstein
Bitcoin Magazine, Nashville, Tennessee
Wednesday, November 10, 2021
In 1972, one year after President Richard Nixon defaulted on the dollar and formally took the United States off of the gold standard for good, the financial historian and analyst Michael Hudson published "Super Imperialism," a radical critique of the dollar-dominated world economy.
If this is metals' breakout, you'll want The Calandra Report, which helps GATA
Submitted by admin on Sat, 2021-11-13 10:50 Section: Daily Dispatches10:49a ET Saturday, Noveber 13, 2021
Dear Friend of GATA and Gold:
Thom Calandra and his market letter, The Calandra Report, have been supporting GATA almost from our start 22 years ago. He is a writer and believer and investor in the monetary metals.
With metals prices showing signs of recovery amid the storm of inflation, Thom has revived his special offer to GATA supporters -- a discount on a year's subscription with half the $169 payment being donated to GATA, no strings attached.
Brandon White: Gold sales 'persons' of the year
Submitted by admin on Fri, 2021-11-12 14:16 Section: Daily DispatchesBy Brandon White
Good Mining Exploration, Port Severn, Ontario, Canada
Friday, November 12, 2021
Before we get into central bank digital currencies, we need to remember that central banks are a dream for gold investors. So are the heads of their respective government treasury departments, beholden to the political and financial will of those attempting to hang on to the status quo.
Amid hyperinflation, gold shines as money in Venezuela
Submitted by admin on Fri, 2021-11-12 10:34 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Thursday, November 11, 2021
With inflation surging worldwide in everything from the prices of energy to raw materials to consumer goods, there is growing acceptance (except from central bankers) that this inflationary trend is not only not transitory, but given the backdrop of accelerated global money printing and fiat currency debasement, that it could be hyperinflationary.
Alasdair Macleod: The futility of central bank policy
Submitted by admin on Thu, 2021-11-11 13:30 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, November 11, 2021
It is only now becoming clear to the investing public that the purchasing power of their currencies is declining at an accelerating rate.
There is no doubt that yesterday's announcement that the U.S. Consumer Price Index rose by 6.2%, compared with the longstanding 2% target, came as a wake-up call to markets.
Crypto is forbidden for Muslims, Indonesia's national religious council rules
Submitted by admin on Thu, 2021-11-11 10:37 Section: Daily DispatchesBy Arys Aditya
Bloomberg News
Thursday, November 11, 2021
The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia’s council of religious leaders.
The National Ulema Council has deemed cryptocurrency as haram, or banned, as it has elements of uncertainty, wagering, and harm, Asrorun Niam Sholeh, head of religious decrees, said today after the council held an expert hearing. If cryptocurrency as a commodity or digital asset can abide by Shariah tenets and can show a clear benefit, then it can be traded, he added.
Robert Lambourne: BIS gold swaps fell slowly again in October
Submitted by admin on Wed, 2021-11-10 12:29 Section: Daily DispatchesBy Robert Lambourne
Wednesday, November 10, 2021
The recently released October statement of account of the Bank for International Settlements --
https://www.bis.org/banking/balsheet/statofacc211031.pdf
-- contains information suggesting a decrease of about 24 tonnes in the bank's gold swaps, from 438 tonnes in September to 414 tonnes in October.
This compares to the record high estimated at 552 tonnes as of February 25 this year.
Pages
