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Daily Dispatches
Vietnam to probe gold traders for possible manipulation as prices soar
Submitted by admin on Tue, 2024-04-16 15:39 Section: Daily DispatchesFrom Reuters
Tuesday, April 16, 2024
HANOI, Vietnam -- Vietnam's parliament has asked the government to investigate gold trading firms for possible market manipulation amid soaring domestic prices, state media reported today.
The price for gold bars in the Southeast Asian country has risen around 15% this year and hit a record high 85 million dong ($3,401.36) per tael on Friday.
A tael is equivalent to 37.5 grams or 1.21 troy ounces, and domestic prices for a tael are approximately $1,000 more than current global prices.
Stefan Gleason: When will gold and silver miners start believing in their product?
Submitted by admin on Tue, 2024-04-16 13:08 Section: Daily DispatchesBy Stefan Gleason, CEO
Money Metals Exchange, Eagle, Idaho
Tuesday, April 16, 2024
Miners spend billions of dollars every year pulling precious metals out of the ground. They toil mightily for years on end to produce these stores of value -- but then they turn right around and sell all their gold and silver immediately in exchange for fiat currencies.
If you stop to really think about it, this may seem strange.
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Gold banking accounts shine in South Korea as price of precious metal soars
Submitted by admin on Tue, 2024-04-16 10:35 Section: Daily DispatchesBy Yi Whan-woo
Korea Times, Seoul, South Korea
Tuesday, April 16, 2024
A growing number of bank clients are investing in gold using a deposit account that allows them to buy and sell the precious metal, whose price is surging due to heightened geopolitical risks and an increasing preference for safe haven assets.
Subscribe to The Calandra Report, make money, and help GATA
Submitted by admin on Tue, 2024-04-16 08:59 Section: Daily Dispatches8:58a Tuesday, April 16, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere.
E.J. Antoni and Peter St. Onge: Is the Biden administration trying to destroy the dollar?
Submitted by admin on Mon, 2024-04-15 18:50 Section: Daily DispatchesBy E.J. Antoni and Peter St. Onge
The Heritage Foundation, Washington
Monday, April 15, 2024
Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia. Doing so likely would sound the death knell for the dollar and eventually the euro.
Brien Lundin: 'Dislocated' gold may be at center of recent price volatility
Submitted by admin on Mon, 2024-04-15 14:51 Section: Daily Dispatches2:51p ET Monday, April 15, 2024
Dear Friend of GATA and Gold:
Writing today about Friday's sharp rise and sharp fall in the gold price, Gold Newsletter editor Brien Lundin writes that something major seems to be happening with gold besides central bank buying. Lundin suspects that it may involve "dislocated" gold -- "gold that should be in national reserves but isn't."
Subscribe to The Calandra Report, make money, and help GATA
Submitted by admin on Mon, 2024-04-15 08:46 Section: Daily Dispatches8:45a Monday, April 15, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere.
Looks like even the Financial Times is starting to concede to gold
Submitted by admin on Mon, 2024-04-15 08:27 Section: Daily DispatchesMore remarkably, this pro-gold commentary was posted by the newspaper in the clear today.
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Gold is back, and it has a message for us
By Rana Foroohar
Financial Times, London
Monday, April 15, 2024
Not enough silver to support more paper slams, Turk tells King World News
Submitted by admin on Sun, 2024-04-14 16:04 Section: Daily Dispatches4p ET Sunday, April 14, 2024
Dear Friend of GATA and Gold (and Silver):
Commenting to Eric King at King World News, GoldMoney founder James Turk says silver's sharp fall on Friday began when the London physical market closed and the New York paper market took over. But Turk thinks it unlikely that there will be too many more paper slams of silver because some metal is needed to support such slams and the shorts just don't have enough.
Turk's comments can be found at King World News here:
China's gold markets are under strain as new buyers hunt for stable investment
Submitted by admin on Sun, 2024-04-14 15:42 Section: Daily DispatchesBy He Huifeng
South China Morning Post, Hong Kong
Sunday, April 14, 2024
April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on new life as a vehicle for investment.
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