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Daily Dispatches

China sidelines its once-venerated central bank

Section: Daily Dispatches

By Cheng Leng and Sun Yu
Financial Times, London
Monday, December 25, 2023

The influence of China's once-powerful central bank has diminished as Beijing steps up a drive to centralise Communist party control over financial regulation.

Rare Edward VIII gold medal to go up for auction

Section: Daily Dispatches

By India McTaggart
The Telegraph, London
Monday, December 25, 2023

A rare gold medal featuring Edward VIII has emerged after an unsuspecting owner handed it to a pawnbroker.

The medal, thought to be one of just 26 in existence, bears the official Royal Mint effigy of the former king, whose reign lasted under a year before he abdicated the throne.

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USA Gold: Coins and Bullion Since 1973

Another government-sanctioned market manipulation that has enriched the very few?

Section: Daily Dispatches
9:42a ET Saturday, December 23, 2023
 
Dear Friend of GATA and Gold:

Gold and silver advocate Eric Sprott reviews 2023 with Craig Hemke

Section: Daily Dispatches

12:54a Saturday, December 23, 2023

Dear Friend of GATA and Gold:

Canadian mining entrepreneur and gold and silver advocate Eric Sprott was interviewed this week by financial letter writer Craig Hemke, providing a review of 2023 from a hard-money perspective. Sprott laments the increasing dishonesty in financial and political affairs, the underreporting of inflation, the naked shorting of the shares of mining exploration companies, gold price suppression by bullion banks, exploding government debt, and currency devaluation. 

Police probe whether gold seized in Montreal is linked to Toronto heist

Section: Daily Dispatches

By Aaron Derfel
Montreal Gazette
Friday, December 22, 2023

Montreal and Toronto-area police are investigating whether the surprise seizure of hundreds of thousands of dollars worth of gold during a firearms raid in the east end of the city on Tuesday is connected to last April's daring $20 million gold heist at Toronto's Pearson Airport, the Gazette has learned.

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Merryn Somerset Webb: How much damage have central bankers done? A lot

Section: Daily Dispatches

By Merryn Somerset Webb
Bloomberg News
Friday, December 22, 2023

What's Christmas without a fight about money, a lunch-table villain and a really good book? For those who haven't yet finished their present shopping I have some suggestions that will give you all three in one happy package.

First up, someone must have a copy of "You Always Hurt the One You Love: Central Bankers and the Murder of Capitalism" by Bernard Connolly.

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FT promotes silver, but maybe just to divert interest in gold

Section: Daily Dispatches

Five Gold Rings? I'd Rather Have Silver

By Moira O'Neill
Financial Times, London
Friday, December 22, 2023

All I want for Christmas is silver, copper, and uranium rings ... plus, maybe, some recycled gold.

When gold plunged to $1,355 in April 2013 financial advisers lined up to warn me that the metal was "just speculation" and "not a traditional investment" because it didn't pay an income. 

Alasdair Macleod: Free banking -- myth and reality

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, December 21, 2023

Surely it is now apparent that central banks are guilty of mismanaging the economy. By slashing interest rates to zero and in some cases to an unnatural minus figure, then flooding financial systems with currency-equivalent credit conjured out of nothing, followed by rapidly increasing interest rates in an attempt to stem the consequences, central banks have bankrupted themselves and much of their entire economies.

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Sound money movement struck gold in many states in 2023

Section: Daily Dispatches

From Money Metals News Service, Eagle, Idaho
Thursday, December 21, 2023

Against the backdrop of high inflation and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money.

With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States.

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Gold retailer Kitco's website disrupted in cybersecurity incident

Section: Daily Dispatches

By Joe Deaux
Bloomberg News
via BNN Bloomberg, Toronto
Tuesday, December 19, 2023

https://www.bnnbloomberg.ca/gold-retailer-kitco-s-website-disrupted-in-cybersecurity-incident-1.2013834

The website for Kitco Metals Inc., a North American precious metals retailer that also refines gold, continued to be disrupted Wednesday after a cyber incident temporarily disabled the site and online store.

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