At Liberty and Finance, GATA's Steer says JPM's dishoarding holds silver down
Submitted by admin on Fri, 2024-07-26 09:59 Section: Daily Dispatches9:59a ET Friday, July 26, 2024
Dear Friend of GATA and Gold:
Appearing this week on the Liberty and Finance channel at YouTube with host Dunagun Kaiser, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, says silver demand is huge and is being met mainly by dishoarding from the stash maintained by JPMorganChase, which long has been suppressing the monetary metal's price.
Another sign that India's government is retreating from the war on gold
Submitted by admin on Thu, 2024-07-25 14:30 Section: Daily DispatchesBy Shweta Punj, Meghna Mittal, and Bodhisatva Ganguli
Money Control, Mumbai
Thursday, July 25, 2024
The government may scale back or even discontinue the Sovereign Gold Bonds scheme, which it considers too expensive, a person familiar with the development said.
This move coincides with the Union budget cutting customs duties on gold and silver to 6% from 15%. The reduction in customs duty is expected to dampen demand for Sovereign Gold Bonds.
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Market analyst Peter Grandich discusses GATA's work with secretary/treasurer
Submitted by admin on Wed, 2024-07-24 18:17 Section: Daily Dispatches6:19p ET Wednesday, July 24, 2024
Dear Friend of GATA and Gold:
Market analyst and monetary metals advocate Peter Grandich today discussed with your secretary/treasurer GATA's 25 years of exposing manipulation of the monetary metals markets, work that has led to central banks restoring and increasing their gold reserves, as well as to the disappearance of market analysts who ridiculed assertions of market rigging only to find them documented extensively year after year.
Chinese gold imports fell by almost two-thirds on high prices
Submitted by admin on Tue, 2024-07-23 10:29 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Monday, July 22, 2024
China's gold imports plunged last month, a sign that the nation's buyers are deterred by the precious metal's elevated prices amid a sluggish economy.
Purchases from overseas by the biggest bullion consumer fell nearly 60% to 58.9 tons, the lowest since May 2022, according to official data released Sunday.
India slashes import tax on gold and silver to tackle smuggling
Submitted by admin on Tue, 2024-07-23 10:22 Section: Daily DispatchesOr maybe it's just more evidence that the Indian government is getting aboard the gold train after many years of trying to block it.
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By Rajendra Jadhav
Reuters
Tuesday, July 23, 2024
MUMBAI -- India today slashed import duties on gold and silver in a move industry officials said could lift retail demand and help cut smuggling in the world's second-biggest bullion consumer.
Suppressing silver prices has been official U.S. policy since 1965
Submitted by admin on Sun, 2024-07-21 15:27 Section: Daily Dispatches3:24p ET Sunday, July 21, 2024
Dear Friend of GATA and Gold:
