GATA

Official gold data is no good, GATA secretary tells Soar Financially's Kai Hoffman

Section: Daily Dispatches

4:40p ET Tuesday, June 18, 2024

Dear Friend of GATA and Gold:

In a discussion last week with Kai Hoffman of Soar Financially, your secretary-treasurer dismissed reports that the People's Bank of China had "stopped" buying gold insofar as it reported not buying any in May for the first time in many months.

Official gold reserve information is unreliable, your secretary-treasurer said, providing several major examples of how it has been falsified over the years.

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Ed Steer: In tribute to Ted Butler

Section: Daily Dispatches

By Ed Steer
Ed Steer's Gold and Silver Digest
Tuesday, June 18, 2024

I still haven't really come to grips with the fact that Ted Butler is gone, even though I knew it had been coming since early March but kept quiet about it until I started getting questions from his subscribers about a month ago when the second notification went up on his website that he was ceasing publication of his column.

No words below will do justice to him, or his legacy.

Ronan Manly: Can gold-backed ZiG restore confidence and stability in Zimbabwe?

Section: Daily Dispatches

By Ronan Manly
Bullion Star, Singapore
Tuesday, June 18, 2024

When the words "Zimbabwe" and "currencies" are mentioned in the same sentence, many people will bring to mind the chronic hyperinflation period that Zimbabwe experienced from the early 2000s to 2009, and the infamous 100 trillion Zimbabwean dollar note Zimbabwe's central bank issued in a desperate attempt to cope with that hyperinflation.

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Alasdair Macleod: The physical drivers of gold and silver

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, June 14, 2024

Gold and silver steadied this week, at the lower end of their current trading ranges. In European trade this morning, gold was $2,317, up $22, while silver was $29.07, down 8 cents. Comex volumes in gold were low, while silver's were high.

The trading dynamics in the two metals are dissimilar, as our two charts show.

... Dispatch continues below ...


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Jim Rickards: No, the Saudis didn't just kill the dollar

Section: Daily Dispatches

By James G. Rickards
The Daily Reckoning, Baltimore
Monday, June 17, 2024

There has been a lot of talk over the past several days that Saudi Arabia is ending the petrodollar deal it has had with the United States for 50 years. This story has been highly exaggerated. Today I want to address the misinformation you're seeing and show you what really happened.

Jan Nieuwenhuijs: Thailand joins China in driving gold bull market

Section: Daily Dispatches

By Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Monday, June 17, 2024

Shedding its long-standing price sensitivity to the price of gold, Thailand is a gold buyer driving the price up, just like China. 

Present changes in the global gold market, in which pricing power is shifting East, could be a precursor to a transformation in the international monetary order. Possibly, trade in the East will settle through a system connecting local central bank digital currencies, while any remaining imbalances are transferred in gold.

Asante