Daily Dispatches

USAGold's September 'News & Views' letter is available

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10:27a ET Friday, September 4, 2020

Dear Friend of GATA and Gold:

USAGold's September "News & Views" letter, published by Centennial Precious Metals in Colorado, covers the superiority of long-term investment, the new openness to gold by Warren Buffett and pension funds, gold's excellent performance against major currencies, and silver's recent excellent performance against everything.

Alasdair Macleod: Central banks are running out of road with inflation

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, September 3, 2020

If you think that price inflation runs at about 1.6 percent you have fallen for the Consumer Price Index myth of the U.S. Bureau of Labor Statistics.

Ronan Manly: New 'transparency' at Bank of England and LBMA likely means to help Comex obfuscate

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8:42p ET Thursday, September 3, 2020

Dear Friend of GATA and Gold:

By starting to report their gold and silver vault holdings on a one-month instead of a three-month basis, Bullion Star gold researcher Ronan Manly writes today, the Bank of England and London Bullion Market Association are probably not doing any favors for the "transparency" they tout.

Jan Nieuwenhuijus: Gold is the most stable currency

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12:10p ET Thursday, September 3, 2020

Dear Friend of GATA and Gold:

Voima Gold researcher Jan Nieuwenhuijs today disputes a recent video produced by metals consultancy CPM Group that asserts that gold's value declines over time just as the value of government currencies does.

FT's John Plender: Gold over bonds is a 'no-brainer'

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11:43a ET Thursday, September 3, 2020

Dear Friend of GATA and Gold:

If they dig deep enough into it today, readers of the Financial Times will find support for gold at the bottom of senior editor John Plender's column, headlined "Fed's Inflation Shift Is Another Blow to 'Safe' Assets":

https://www.ft.com/content/f7848873-ba42-4166-b063-fe6aa51e1080

The Australian gold rush that never ended

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By Geoff Hiscock
Nikkei Asian Review, Tokyo
Wednesday, September 2, 2020

Pam and Russ Martens: Wall Street's felon banks open their own stock exchange this month

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By Pam and Russ Martens
Wall Street on Parade
Wednesday, September 2, 2020

Members Exchange, a new stock exchange, has announced that it will begin live trading of select stocks on September 21 with a full phase-in on September 29.

Bank of England official says gold price 'tells you precisely nothing'

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But doesn't it at least reveal that gold is more in demand than the British pound or Deutschebank shares?

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Gold Is a Terrible Predictor of Inflation, Bank of England's Vlieghe Says

By Lucy Meakin
Bloomberg News
Wednesday, September 2, 2020

Bank of England policy maker Gertjan Vlieghe warned that it's a "terrible idea" to look at gold prices as a predictor of inflation.

Stefan Gleason: Pension funds start looking to gold to avert disaster

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By Stefan Gleason
Money Metals News Service, Eagle, Idaho
Tuesday, September 1, 2020

Public and private pension plans face a dual crisis.

The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red.

... Dispatch continues below ...


Craig Hemke at Sprott Money: Comex (ab)use of gold EFPs has collapsed

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8:40p ET Tuesday, September 1, 2020

Dear Friend of GATA and Gold:

Use of the strange "exchange for physicals" mechanism to settle gold futures contracts on the New York Commodities Exchange has diminished dramatically this year, the TF Metals Report's Craig Hemke writes today at Sprott Money.

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