Ambrose Evans-Pritchard: U.S. inflation fears mount as the Fed 'monetizes' Biden's deficits

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Friday, May 7, 2021

The U.S. Federal Reserve and Treasury are repeating one of the most disturbing episodes of the 1940s and risk stoking a destructive inflationary boom, a leading monetary watchdog has warned.

The Center for Financial Stability (CFS) in New York says U.S. money supply data is flashing a red alert and that excess reserves in the banking sector threaten to set off an "explosion of lending" as the recovery accelerates. 

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Basel 3 rules will wreck gold price suppression, LBMA warns Bank of England

Section: Daily Dispatches

12:29p ET Saturday, May 8, 2021

Dear Friend of GATA and Gold:

Pending "Basel III" regulations emanating from the Bank for International Settlements could destroy the clearing and settlement system for “unallocated” -- that is, “paper” or imaginary -- gold and silver, the London Bullion Market Association and the World Gold Council warned the Bank of England this week.

The bigger question behind 'regulatory capture' at the CFTC

Section: Daily Dispatches

1:05p ET Friday, May 7, 2021

Dear Friend of GATA and Gold:

Chris Marcus of Arcadia Economics notes on YouTube this week that the U.S. Commodity Futures Trading Commission has named a Goldman Sachs commodity trading official, Alicia Crighton, as co-chair of a committee advising the commission about the commodity markets: 

Alasdair Macleod: Rising bond yields threaten financial markets

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, St. Hellier, Jersey, Channel Islands
Thursday, May 6, 2021

There is a growing recognition in financial circles that price inflation will increase significantly in the near future, and official estimates that it will be a temporary phenomenon limited to an average of 2% are overly optimistic. There is, therefore, increasing speculation about the need for interest rates to rise.

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Little notice for Indian central bank's recent steady accumulation of gold

Section: Daily Dispatches

Should India Pile Its Reserves with Gold?

By Lokeshwarri SK
The Hindu, Chennai, India
Thursday, May 6, 2021

The Reserve Bank of India's transactions in gold have always attracted much attention. The pledging of gold with the Bank of England in 1991 to meet the balance of payment crisis is still considered a nadir for the Indian economy. There was also much patriotic cheer when 200 tonnes of gold were purchased from the International Monetary Fund in 2009.

Barrick CEO blasts 'hysterical' fund managers chasing quick cash

Section: Daily Dispatches

By James Attwood
Bloomberg News
Wednesday, May 5, 2021

Investors are undermining the gold industry’s ability to grow by demanding a bigger share of profits from high bullion prices, according to the CEO of the world's second-largest producer.

"Fund managers just bash the table and want money -- they're not interested in this industry reinforcing its foundations," Barrick Gold Corp. Chief Executive Officer Mark Bristow said in an interview today. "Then they turn around and get hysterical when a host country demands returns."