Daily Dispatches

Australian Financial Review: Perth Mint annually buys up to $200 million in 'conflict gold' from murderer


By Angus Grigg
Australian Financial Review, Sydney
Thursday, June 11, 2020


The Perth Mint, owned by the West Australian government, buys up to $200 million of "conflict gold" annually from a convicted killer in Papua New Guinea, a breach of its global accreditation and internal policies.

Bullion Star's Ronan Manly updates gold's struggle against the banks


11:27a ET Monday, June 15, 2020

Dear Friend of GATA and Gold:

In a recent interview with a financial blogger in Singapore, Bullion Star gold researcher Ronan Manly updates the monetary metal's struggle against bullion banks and central banks to rise as it might be expected to do amid the economic turmoil around the world. It's posted at Bullion Star here:

Top primary silver mining industry production yield falls to lowest level ever


By Steve St. Angelo
Money Metals News Service, Eagle, Idaho
Wednesday, June 10, 2020

The era of high-grade silver mines may be coming to an end.
Remarkably, the top primary silver miners' average yield fell to the lowest ever in 2019. Which begs the question: Will high-grade silver mines become extinct in the not-so-distant future?

Glint asks GATA Chairman Murphy: 'What's Your Gold Story?'


12:25p ET Saturday, June 13, 2020

Dear Friend of GATA and Gold:

Gold vaulting and payment service Glint has begun at its internet site a series of autobiographical accounts titled "What's Your Gold Story?" and this week got GATA Chairman Bill Murphy to explain how he got into gold. You can find it here:


Jan Nieuwenhuijs: Why yield curve control by the Fed will be bullish for gold


By Jan Nieuwenhuijs
Voima Gold, Helsinki, Finland
Saturday, June 13, 2020

On Wednesday, Fed Chair Jerome Powell stated he is considering “yield curve control.” Previously, in the 1940s, when the Federal Reserve controlled the yield curve, it created deeply negative real interest rates. If repeated today, this would cause the gold price to sky-rocket.

Help GATA by subscribing to the Deepcaster market letter


10:35p ET Friday, June 13, 2020

Dear Friend of GATA and Gold:

The weekly Deepcaster letter of investment and geopolitical intelligence, whose market analysis long has publicized GATA's research, has a special offer for GATA and its supporters.

Banks have moved gold trading from New York to London, LBMA says


By Jack Farchy and Elena Mazneva
Bloomberg News
Friday, June 12, 2020


FT's John Dizard: The global gold market is breaking up


By John Dizard
Financial Times, London
Friday, June 12, 2020

Gold, the universal currency and store of value, is being de-globalised. Mocatta, long the largest gold bullion dealer, is being unwound and shut down by Scotiabank. JPMorgan, the leading US bullion bank, is ever more reluctant and slow to take on new counterparties.

China's Zijin Mining to buy Guyana Goldfields for $238 million


By Tom Daly
Friday, June 12, 2020

BEIJING -- China's Zijin Mining said today it would acquire Guyana Goldfields for C$323 million ($238 million), bringing an end to a protracted takeover battle for the Canada-listed gold miner.

The gold-silver ratio throughout history -- a great study by SDBullion


2:28p ET Wednesday, June 9, 2020

Dear Friend of GATA and Gold:

The people at SDBullion in Ottawa Lake, Michigan, today published a magisterial study of the gold-silver ratio throughout history. It comes with an amazing chart tracking the ratio back to 1862 during the U.S. Civil War. The data suggests that silver should do well in the days ahead.

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