Daily Dispatches

Alasdair Macleod: The monetary logic for gold and silver

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, November 12, 2020

A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power -- completely.

Senate prepares to vote on Trump Fed board nominee Judy Shelton

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By James Politi
Financial Times, London
Thursday, November 12, 2020

WASHINGTON -- The U.S. Senate is preparing to vote as early as next week to confirm Judy Shelton, Donald Trump's nominee to the Federal Reserve board and a fierce critic of the U.S. central bank.

GATA Chairman Murphy interviewed by Ken Ameduri for Crush the Street

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10:54a ET Thursday, November 12, 2020

Dear Friend of GATA and Gold:

Ken Ameduri of Crush the Street yesterday interviewed GATA Chairman Bill Murphy about the latest desperate efforts of governments, central banks, and investment banks to push monetary metals prices down. The interview is 14 minutes long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=CLFG4Rx6Lbw

Gold market authority threatens to blacklist UAE and other bullion centers

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By Peter Hobson
Reuters
Thursday, November 12, 2020

LONDON -- The world's most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed.

Pam and Russ Martens: JPMorgan negotiating another penalty with U.S. government

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JPMorgan Chase Is Under a New Federal Investigation, One Month After Getting Slapped with Its 4th and 5th Criminal Felony Counts

By Pam and Russ Martens
Wall Street on Parade
Tuesday, November 10, 2020

U.S. still faces possible default wave, asset declines due to pandemic, Fed warns

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From Reuters
Monday, November 9, 2020

WASHINGTON -- The United States may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned today, in a stark reminder the economy is far from out of the woods.

Four gold coins unearthed in Jerusalem show ancient political turmoil

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From The Times of Israel, Jerusalem
Monday, November 9, 2020

A small pottery jar containing four pure gold coins dating back more than a thousand years was unearthed during archaeological excavations ahead of the planned installation of an elevator at Jerusalem's Western Wall, the Israel Antiquities Authority announced today.

Brutus' coin marking Julius Caesar's assassination sets auction record

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By Billy Cox
Sarasota (Florida) Herald-Tribune
Friday, October 30, 3030

A prediction by a local numismatics expert made big headlines Thursday when a Roman artifact exceeded expectations to become the world's most expensive ancient coin.

Alasdair Macleod: The consequences of budget deficits for international trade

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, November 5, 2020

In all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that skyrocketing U.S. budget deficits will lead to increasing trade deficits, a situation with serious political consequences.

Another attempt to help The Wall Street Journal solve the supposed mystery of gold

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7:42p ET Friday, November 6, 2020

Dear Friend of GATA and Gold:

Today's edition of The Wall Street Journal published another clueless report about what it called gold's failure to function as a safe haven amid financial turmoil.

... Dispatch continues below ...



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