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Daily Dispatches
Gold rush at Turkish bazaar is a test of trust for lowly lira
Submitted by cpowell on Fri, 2020-08-14 10:49 Section: Daily DispatchesBy Ezgi Erkoyun and Jonathan Spicer
Reuters
Friday, August 14, 2020
ISTANBUL, Turkey -- Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight.
Six members of Congress form Sound Money Caucus
Submitted by cpowell on Fri, 2020-08-14 10:33 Section: Daily DispatchesBy JP Cortez
Money Metals News Service, Eagle, Idaho
Friday, August 14, 2020
As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, six congressmen hope to shine a spotlight on the devastating effects of this runaway financial profligacy.
Joe Grande: Why people should be introduced to gold
Submitted by cpowell on Fri, 2020-08-14 00:40 Section: Daily Dispatches12:40a ET Friday, August 14, 2020
Dear Friend of GATA and Gold:
Our longtime friend and supporter Joe Grande spoke for an hour this week with natural health advocate Patrick Rooney about gold's monetary and investment virtues and why people who are unfamiliar with gold have special reason to learn about it now. The interview is posted at YouTube here:
Raid on gold and silver had 'surgical precision' but won't stop their rise, Maguire says
Submitted by cpowell on Thu, 2020-08-13 14:10 Section: Daily Dispatches2:09p ET Thursday, August 12, 2020
Dear Friend of GATA and Gold:
Tuesday's attack on gold and silver futures prices was a "rigged selloff" aimed at speculative longs with "surgical precision," London metals trader Andrew Maguire said yesterday in an interview with Kinesis Money's Shane Morand, but it won't change the trajectory of the monetary metals.
Bloomberg News admits consumer price data may understate inflation
Submitted by cpowell on Wed, 2020-08-12 21:04 Section: Daily DispatchesInflation Is Actually a Lot Higher Than You Think
By Shuli Ren
Bloomberg News
Wednesday, August 12, 2020
After almost a decade in hibernation, gold bugs are roaming the earth again. A fast drop in the dollar's real yield and the uptick of a favored gauge of inflation expectations have sent the metal on a wild ride.
Pam and Russ Martens: Big banks dangerously using foreign subsidiaries to evade U.S. derivatives rules
Submitted by cpowell on Wed, 2020-08-12 11:18 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, August 12, 2020
On May 30, with little mainstream media attention, four European academics published a report on how some of the largest Wall Street banks (all of which received massive amounts of secret Federal Reserve bailout money during the 2007-2010 financial crash) were shamelessly gaming the system again.
Ronan Manly: Gold's upward drivers haven't changed at all
Submitted by cpowell on Wed, 2020-08-12 10:38 Section: Daily Dispatches10:34a ET Wednesday, August 12, 2020
Dear Friend of GATA and Gold:
Elaborating on his recent interview with a Vietnamese news agency, Bullion Star gold analyst Ronan Manly writes today that all the longstanding upward drivers of the gold price remain in operation.
Pam and Russ Martens: Fed lets big banks rig their stress tests
Submitted by cpowell on Tue, 2020-08-11 11:25 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, August 11, 2020
Dips in gold, silver will be bought because metal is so scarce, GoldMoney's Macleod tells KWN
Submitted by cpowell on Tue, 2020-08-11 11:12 Section: Daily Dispatches11:12a ET Tuesday, August 11, 2020
Dear Friend of GATA and Gold:
11:10a ET Tuesday, August 11, 2020
Dear Friend of GATA and Gold:
First U.S. silver coin, minted in 1794, offered at auction
Submitted by cpowell on Tue, 2020-08-11 10:50 Section: Daily Dispatches1794 Silver Dollar, Worth $10 Million, for Sale by New Jersey Dealer; 'This Coin Is the Holy Grail'
By David P. Willis
Asbury Park Press, Asbury Park, New Jersey
Tuesday, Augustd 11, 2020
A rare 1794 U.S. silver dollar, believed to be the first ever silver dollar minted by a newborn United States, is going up for sale by a Middletown coin dealer.
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