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Daily Dispatches
Berlin gold coin heist defendants lose appeal
Submitted by admin on Tue, 2021-07-13 22:29 Section: Daily DispatchesFrom Deutsche Welle
Bonn, Germany
Tuesday, July 13, 2021
A German federal court today rejected the appeal of two defendants who had been jailed for stealing a massive gold coin from Berlin's Bode Museum.
The court in the city of Leipzig concluded that there were no "legal errors to the disadvantage of the defendants" in their February 2020 sentencing and, as such, their prison terms were found to be legally binding.
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Craig Hemke at Sprott Money: Corrected golden lessons
Submitted by admin on Tue, 2021-07-13 22:13 Section: Daily Dispatches10:10p ET Tuesday, July 13, 2021
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, recalls the U.S. State Department cable from 1974 showing that the U.S. gold futures market was endorsed by the government, if not essentially established by the government, in the expectation that it would divert private investment demand away from real metal and into derivatives whose prices were more easily controlled.
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Mike Ballanger: GATA, the original whistleblowers
Submitted by admin on Mon, 2021-07-12 21:39 Section: Daily Dispatches9:30p ET Monday, July 13, 2021
Dear Friend of GATA and Gold:
In his financial letter this week our old friend Mike Ballanger of GGM Advisory Inc. in Port Perry, Ontario, credits GATA as "the original whistleblowers." The letter is posted as a Microsoft Word document here --
https://gata.org/sites/default/files/Ballanger-07-12-2021_0.doc
Irish-branded gold bars to go on sale for the first time
Submitted by admin on Mon, 2021-07-12 13:32 Section: Daily DispatchesBy Cate McCurry
Press Association, London
via Belfast Telegraph
Sunday, July 11, 2021
People will be able to give the gift of the gold as Irish-branded gold bars go on general sale for the first time following an agreement between one of the country's oldest institutions and a bullion dealership in the capital.
The Dublin Assay Office -- overseen by The Company of Goldsmiths of Dublin -- was established 384 years ago and it assays and hallmarks articles of precious metals sold in Ireland.
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A new gold-backed world reserve currency is coming, Leeb tells KWN
Submitted by admin on Sun, 2021-07-11 22:02 Section: Daily Dispatches10p ET Sunday, July 11, 2021
Dear Friend of GATA and Gold:
Financial analyst Stephen Leeb predicts to King World News today that a new world reserve currency is inevitable and that it likely will be composed of a basket of currencies that in turn are backed by gold.
Leeb explains his prediction at KWN here:
https://kingworldnews.com/leeb-the-coming-gold-based-monetary-system-will-have-some-surprises/
How Ottawa seized a golden opportunity to help defeat the Nazis in WWII
Submitted by admin on Sat, 2021-07-10 19:52 Section: Daily DispatchesBy Alistair Steele
Canadian Broadcasting Corp. News, Toronto
Saturday, July 10, 2021
In June 1940, the Second World War was not going well for Great Britain.
More than 300,000 Allied soldiers and sailors had just been rescued in the desperate evacuation from the French port of Dunkirk. The French army soon crumbled, and by mid-month German troops were marching into Paris.
The Nazi invasion of Britain seemed both imminent and inevitable.
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Can Reddit's silver 'apes' beat the market?
Submitted by admin on Sat, 2021-07-10 19:31 Section: Daily DispatchesBy Peter Hobson
Reuters
Friday, July 9, 2021
LONDON -- Kerry Kraker, 56, has worked in kitchens all his life. Since March he's spent around $100 a week -- half his spare cash -- on silver coins. He's part of a growing social media movement who say they are buying bars and coins for protection from a coming age of inflation.
Thanks to a community of like-minded silver "stackers" gathering on social-media platform Reddit Inc., Seattle-based Kraker says he also feels empowered.
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Britain exempts gold-clearing banks from Basel 3 rule
Submitted by admin on Fri, 2021-07-09 16:46 Section: Daily DispatchesBy Peter Hobson
Reuters
Friday, July 9, 2021
LONDON -- A British regulator said today that banks clearing gold trades in London could apply for an exemption from tighter capital rules due in January 2022, removing what some said was a threat to the functioning of the market.
London is the world's biggest physical precious metals trading hub. Its clearing system, operated by a handful of large banks with access to metal in vaults, settles gold transactions worth around $30 billion a day.
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GoldCore: Why central banks plan to increase gold reserves this year
Submitted by admin on Thu, 2021-07-08 20:18 Section: Daily DispatchesFrom GoldCore, Dublin
Thursday, July 8, 101`
Central banks' interest in increasing their gold reserves made news again this week.
Bloomberg's headline on the topic was "Gold Regains Shine After Central Bank Buying Drops to Decade Low." The article notes that central banks may be regaining their appetite for buying gold after staying on the sidelines for the past year.
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Matthew Piepenburg: Beyond gold confiscation, note risks of gold vaulting
Submitted by admin on Thu, 2021-07-08 20:10 Section: Daily DispatchesBy Matthew Piepenburg
Mattherhorn Asset Management, Zurich
via King World News
Thursday, July 8, 2021
For informed investors who have successfully traversed the tired Bitcoin vs. Gold debate and recognized the critical importance of owning physical (as opposed to paper or exchange-traded fund) gold as an obvious antidote to globally debased currencies and openly systemic financial and banking risk, you have, thankfully, recognized precious metals as historically unmatched safe-haven assets.
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