You are here
Daily Dispatches
FBI violated constitutional rights of hundreds in Beverly Hills vault raid, appeals court rules
Submitted by admin on Sat, 2024-02-03 14:37 Section: Daily DispatchesBy Teny Sahakian
Fox News, New York
Wednesday, January 31, 2024
The FBI violated private citizens' constitutional rights when it seized contents from hundreds of safe deposit boxes during a 2021 raid on a Beverly Hills business suspected of money laundering, a federal appeals court ruled last week.
Nigeria may expropriate its people's foreign currency holdings
Submitted by admin on Sat, 2024-02-03 14:19 Section: Daily DispatchesAs if Nigeria needed another reason to turn to gold, or even seashells.
* * *
Operation Rescue Naira: Federal Government Considers Converting $30 Billion in Domiciliary Deposits to Naira
By Godfrey George and Temitayo Jaiyeola
Punch, Lagos, Nigeria
Saturday, February 3, 2024
There are strong indications that the federal government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency, which this week recorded its worst performance in history.
Sound Money Defense League president reviews efforts to remonetize gold
Submitted by admin on Fri, 2024-02-02 14:02 Section: Daily Dispatches2:06p ET Friday, February 2, 2024
Dear Friend of GATA and Gold:
Stefan Gleason, president of coin and bullion dealer Money Metals Exchange and chairman of the Sound Money Defense League, was interviewed this week by Jesse Day of the Commodity Culture channel on You Tube, discussing the league's work to restore gold and silver as money not just in the United States but throughout the world as well.
Miles Franklin's Andy Schectman explains the gold game in eight minutes
Submitted by admin on Thu, 2024-02-01 20:48 Section: Daily Dispatches8:51p ET Thursday, February 1, 2024
Dear Friend of GATA and Gold:
With an eight-minute talk to Bullion News, Andy Schectman, president of coin and bullion dealer Miles Franklin, explains how governments have been using the New York Commodities Exchange to suppress gold prices and interest rates so central banks could acquire the metal at a discount even as they elevated it to an officially superior form of money, anticipating the de-dollarization of the world financial system.
Ted Butler: A big development in silver
Submitted by admin on Thu, 2024-02-01 19:18 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, February 1, 2024
Robert Lambourne: Gold intervention via BIS rose 21% in December
Submitted by admin on Thu, 2024-02-01 14:28 Section: Daily DispatchesBy Robert Lambourne
Thursday, February 1, 2024
Trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in December. From information in the BIS statement of account for December, published this week --
Can the UAE outshine Switzerland with gold?
Submitted by admin on Wed, 2024-01-31 15:16 Section: Daily DispatchesBy Dominique Soguel and Pauline Turuban
Swiss Info / Swiss Broadcasting Corp., Bern
Wednesday, January 31, 2024
Switzerland sits at the heart of Europe and has for decades been the dominant player in the global gold industry both in terms of refining capacity and trading. But the United Arab Emirates, which lies at the crossroads of the West and an increasingly affluent East, is threatening that supremacy, having built its position quietly over the past two decades.
... Dispatch continues below ...
Alasdair Macleod: Tides of change in gold paper markets
Submitted by admin on Wed, 2024-01-31 15:02 Section: Daily Dispatches3p ET Wednesday, January 31, 2024
Dear Friend of GATA and Gold:
Market analyst and GoldMoney research director Alasdair Macleod writes today that open interest in the gold futures contract on the New York Commodities Exchange has fallen sharply in recent days.
He concludes that the decline in the contract's liquidity will make prices more volatile and market rigging more difficult.
Macleod's analysis is headlined "Tides of Change in Gold Paper Markets" and it's posted at his internet site here:
Silver miners urge adding the metal to Canada's critical minerals list
Submitted by admin on Wed, 2024-01-31 14:50 Section: Daily Dispatches2:50p ET Wednesday, January 31, 2024
Dear Friend of GATA and Gold (and that other monetary metal, Silver):
Twenty executives of Canadian silver mining companies today sent a letter to Canada's minister of energy and natural resources, Jonathan Wilkinson, asking that silver be added to the country's official list of critrical minerals.
Along with gold, silver already seems to be on the U.S. government's list of critical currencies whose markets must be manipulated and their prices suppressed lest they resume their historic competition with the U.S. dollar.
Gold demand to hit record with central bank buying, gold council says
Submitted by admin on Wed, 2024-01-31 14:17 Section: Daily DispatchesWill price suppression hit a record too? The council didn't say.
* * *
By Yvonne Yue Li
Bloomberg News
Wednesday, January 31, 2024
Total gold demand hit a record last year and is expected to expand again in 2024 as the U.S. Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.
Pages
