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Daily Dispatches
Dollar's share of global reserves sinks to lowest since 1995
Submitted by admin on Wed, 2021-03-31 11:49 Section: Daily DispatchesBy Susanne Barton and Daniela Sirtori-Cortina
Bloomberg News
Wednesday, March 31, 2021
The dollar's share of global currency reserves dropped in the fourth quarter to around 59%, the lowest in 25 years, according to International Monetary Fund data.
The slide came in a quarter when a gauge of the greenback fell the most since 2010, and amid questions about how long the dollar can maintain its status as the pre-eminent reserve currency.
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Kenneth Rogoff: The dollar's fragile hegemony
Submitted by admin on Tue, 2021-03-30 18:29 Section: Daily DispatchesBy Kenneth Rogoff
Project Syndicate, New York
Tuesday, March 30, 2021
The mighty U.S. dollar continues to reign supreme in global markets. But the greenback's dominance may well be more fragile than it appears, because expected future changes in China's exchange-rate regime are likely to trigger a significant shift in the international monetary order.
GoldCore's Dave Russell asks GATA secretary: Are central banks any good at gold suppression?
Submitted by admin on Tue, 2021-03-30 11:58 Section: Daily DispatchesFrom GoldCore, Dublin, Ireland
Tuesday, March 30, 2021
https://news.goldcore.com/market-manipulation-explained-in-gold-market/
Chris Powell is a director of GATA, the Gold Anti-Trust Action Committee. Formed in 1998, GATA’s mission is to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments.
Frank Holmes: Gold miners had record high profit margins in 2020
Submitted by admin on Tue, 2021-03-30 11:49 Section: Daily DispatchesBy Frank Holmes
U.S. Global Investors, San Antonio, Texas
Tuesday, March 30, 2021
Gold producers had their most profitable year ever in 2020, based on one metric.
The average all-in sustaining cost (AISC) margin, which is the gold price minus the cost to produce the metal, hit a record $828 per ounce, according to Metals Focus.
What this means is that for every ounce of gold a mining company produced in 2020, it got to pocket $828 on average. This is comfortably higher than the previous record of $666 set in 2011. ...
Africa's biggest fund manager wants to see local interest for any gold mining mergers
Submitted by admin on Tue, 2021-03-30 11:13 Section: Daily DispatchesFelix Njini and Loni Prinsloo
Bloomberg News
via Yahoo Finance, Sunnyvale, California
Tuesday, March 30, 2021
Africa's biggest fund manager and a key investor in South African gold companies said any consolidation in the sector must benefit the country as well as shareholders.
U.S. companies sound inflation alarm
Submitted by admin on Mon, 2021-03-29 20:53 Section: Daily DispatchesBy Aziza Kasumov, Colby Smith, and Eric Platt
Financial Times, London
Monday, March 29, 2021
Investors are fretting over inflation. Scores of U.S. companies are saying they are right to.
A growing number of businesses are warning that supply-chain bottlenecks, increasing raw material costs, and higher labour expenses are beginning to bite.
Manufacturing behemoth 3M has flagged rising air and freight costs to ship its goods, while Walmart has warned on the congestion in U.S. ports.
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Wall Street Silver interviews GATA secretary on defeating gold and silver price suppression
Submitted by admin on Sun, 2021-03-28 23:18 Section: Daily Dispatches11:15p ET Sunday, March 28, 2021
Dear Friend of GATA and Gold:
Your secretary/treasurer was interviewed for a half hour Friday by Wall Street Silver founders Ivan Bayoukhi and Lee Justo, discussing the documentation of surreptitious intervention by governments and central banks in the gold and silver markets and how the price suppression can be defeated.
Rare 1822 gold coin fetches $8.4 million at auction, a record for a U.S. coin
Submitted by admin on Sat, 2021-03-27 22:47 Section: Daily DispatchesBy Ken Ritter
Associated Press
via The Day, New London, Connecticut
Saturday, March 27, 2021
LAS VEGAS -- The coin trading world has a new gold standard, after the only known 1822 half eagle $5 piece in private hands sold at auction in Las Vegas for $8.4 million, experts said Friday.
Douglas Mudd, curator and director of the Edward C. Rochette Money Museum in Colorado Springs, Colo., confirmed the coin is one of three of its kind in existence and the auction price Thursday was the highest for a U.S. gold coin struck by the U.S. Mint.
Dalio sees 'good probability' bitcoin gets outlawed
Submitted by admin on Sat, 2021-03-27 22:37 Section: Daily DispatchesBy Julia La Roche
Yahoo News, Sunnyvale, California
Wednesday, March 24, 2021
Billionaire investor Ray Dalio, the founder of the $150 billion hedge fund Bridgewater Associates -- the world's largest -- made a case that there's a "good probability" bitcoin could be outlawed, similar to when the U.S. government made it illegal to privately own gold.
Mexican central bank reported to suspend production of silver Libertads
Submitted by admin on Fri, 2021-03-26 12:53 Section: Daily Dispatches12:56p ET Friday, March 26, 2021
Dear Friend of GATA and Gold:
Hugo Salinas Price, president of the Mexican Civic Association for Silver, whose family operates Banco Azteca, reports that the Mexican central bank, the Banco de Mexico, has suspended production of the famous Mexican silver Libertad coin --
https://www.banxico.org.mx/banknotes-and-coins/new-libertad-series-silve...
-- attributing the decision to difficulties caused by the coronavirus epidemic.
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