Alasdair Macleod: Now for the bull market
Submitted by admin on Fri, 2025-02-07 18:56 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, February 7, 2025
The bullion bank establishment is adjusting to gold and silver going far higher, which is why they are deleveraging their balance sheets. It is a process in its early stages.
Dave Kranzler: What is driving gold and silver higher?
Submitted by admin on Fri, 2025-02-07 12:34 Section: Daily Dispatches12:33p ET Friday, February 7, 2024
Dear Friend of GATA and Gold:
Dave Kranzler of the Mining Stock Journal writes today that the Trump tariffs explanation of the run on gold at the Bank of England "is nothing more than the cover story being disseminated by the big bullion banks using the ignorant mainstream financial media as the echo chamber." He contends that the fractional-reserve gold banking system, which has used derivatives to create a huge imaginary supply of the monetary metal, is breaking down.
Suddenly even the Financial Times can muse about gold revaluation
Submitted by admin on Fri, 2025-02-07 00:42 Section: Daily DispatchesBut it's not really a new idea at all. Seventeen years ago a former member of the Federal Reserve's Board of Governors, Lyle Gramley, remarked on Canadian television that revaluing gold could quickly strengthen the U.S. government's financial position:
https://www.gata.org/node/6989
Of course the FT and the rest of the mainstream financial news organizations took no notice of it.
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Gold Glitters as the Unimaginable Becomes Imaginable
Royal Marines wouldn't need a month or two to empty Bank of England's gold vault
Submitted by admin on Wed, 2025-02-05 20:21 Section: Daily Dispatches8:25p ET Wednesday, February 5, 2024
Dear Friend of GATA and Gold:
Bloomberg News seemed surprised today as it reported that "gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a scramble for bullion that's resulting in weeks-long queues to withdraw metal":
Treasure hunter jailed for 10 years for hiding gold coins finally scores legal win
Submitted by admin on Wed, 2025-02-05 15:10 Section: Daily DispatchesFrom CBS News, New York
Tuesday, February 4, 2025
A former deep-sea treasure hunter who has served nearly a decade in jail for refusing to disclose the whereabouts of missing gold coins has had that term ended by a federal judge in Ohio, but he will remain behind bars for now.
Gold delayed at Bank of England sells at discount to market price
Submitted by admin on Wed, 2025-02-05 14:24 Section: Daily DispatchesGold Dealers Sell Bank of England Bullion at Big Discounts in Tariff Turmoil
Yvonne Yue Li, Jack Ryan, Jack Farchy, and Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, February 5, 2025
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a scramble for bullion that’s resulting in weeks-long queues to withdraw metal.
