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Daily Dispatches
Nobody wants pesos: Argentine currency meltdown upends business
Submitted by cpowell on Fri, 2020-10-23 10:14 Section: Daily DispatchesBy Jorgelina Do Rosario and Ignacio Olivera Doll
Bloomberg News
Friday, October 23, 2020
Argentina's battle to control its currency is upending South America's second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods.
China bypasses LBMA, buys unrefined gold from African and South American mines, Maguire says
Submitted by cpowell on Thu, 2020-10-22 23:42 Section: Daily Dispatches11:38p ET Thursday, October 22, 2020
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, in his weekly interview with Shane Morand for Kinesis Money, says China is bypassing the banks of the London Bullion Market Association, which no longer can provide much metal, and buying unrefined gold directly from mines in Africa and South America.
Alasdair Macleod: The destruction of the euro
Submitted by cpowell on Thu, 2020-10-22 18:55 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, October 22, 2020
Nick Barisheff: Do you own your gold?
Submitted by cpowell on Thu, 2020-10-22 18:40 Section: Daily DispatchesBy Nick Barisheff
BMG Group Inc., Markham, Ontario, Canada
Thursday, Octoer 22, 2020
Silver market manipulation will break, First Majestic's Keith Neumeyer says
Submitted by cpowell on Wed, 2020-10-21 21:12 Section: Daily Dispatches9:10p ET Wednesday, October 21, 2020
Dear Friend of GATA and Gold:
First Majestic Silver CEO Keith Neumeyer, interviewed today by Daniela Cambone, who has moved from Kitco News to Stansberry Research, said investment in silver is worthwhile despite manipulation of the silver market because that manipulation will break.
Price suppression in silver is failing, Ted Butler tells Palisade Radio's Tom Bodrovics
Submitted by cpowell on Wed, 2020-10-21 14:33 Section: Daily Dispatches2:30p ET Wednesday, October 21, 2020
Dear Friend of GATA and Gold:
Pam and Russ Martens: The Fed did a lot of talking yesterday about a big bank failure -- should we worry?
Submitted by cpowell on Wed, 2020-10-21 12:26 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, October 21, 2020
Turns out the federal government's plan for dealing with a mega-bank failure on Wall Street is no better conceived than the federal government's plan for dealing with the worst pandemic since 1918.
Swiss gold exports to Asia tumble as bullion flows to London
Submitted by cpowell on Tue, 2020-10-20 20:22 Section: Daily DispatchesBy Peter Hobson
Reuters
Tuesday, October 20, 2020
LONDON -- Switzerland's gold exports to China and India dwindled in September, with the country instead importing record volumes of bullion from Hong Kong and sending metal to Britain, customs data showed today.
Jim Rickards: A new gold standard -- orderly or chaotic?
Submitted by cpowell on Tue, 2020-10-20 20:11 Section: Daily DispatchesBy Jim Rickards
The Daily Reckoning, Baltimore
Tuesday, October 20, 2020
Before 1914 the global monetary system was based on the classical gold standard. But over the past century monetary systems change about every 30 to 40 years on average.
Craig Hemke at Sprott Money: If you can't beat 'em, join 'em
Submitted by cpowell on Tue, 2020-10-20 19:48 Section: Daily Dispatches7:45p ET Tuesday, October 20, 2020
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing today at Sprott Money, says the major banks that are predicting substantial increases in the gold price are probably catching on to the inevitable and telling the truth this time instead of attempting the usual hoodwinking of their clients.