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Daily Dispatches
Fed Chairman Burns admitted gold's competition with dollar but his latest successor lies about it
Submitted by admin on Sat, 2024-12-28 17:07 Section: Daily Dispatches5:13p ET Saturday, December 28, 2024
Dear Friend of GATA and Gold:
In his essay this week marking the 50th anniversary of the re-legalization of monetary gold in the United States in 1974 --
https://stuartenglert.substack.com/p/a-toast-to-50-years-of-legalized
-- researcher and author Stuart Englert noted the opposition by Arthur Burns, then chairman of the Federal Reserve Board.
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In year-end review, mining entrepreneur Eric Sprott thinks banks will 'get out of the way' in 2025
Submitted by admin on Fri, 2024-12-27 23:06 Section: Daily Dispatches11:06p ET Friday, December 27, 2024
Dear Friend of GATA and Gold:
In Sprott Money's year-end review, Craig Hemke interviews mining entrepreneur Eric Sprott about signs of extreme tightness in the physical gold market, the naked shorting of junior mining shares in Canada, and his belief that the bullion banks will "get out of the way" of gold and silver prices in the new year.
They also discuss the prospects for six mining companies of which Sprott has a good opinion.
The discussion is 57 minutes long and can be viewed at YouTube here:
Stuart Englert: A toast to 50 years of legalized gold
Submitted by admin on Fri, 2024-12-27 12:05 Section: Daily DispatchesBy Stuart Englert
Friday, December 27, 2024
Gold enthusiasts can celebrate a golden anniversary on New Year’s Eve and simultaneously mark a market manipulation milestone.
Fifty years ago, President Gerald R. Ford legalized private gold ownership, allowing Americans once again to stack the regal metal as a wealth-preserving asset and safe haven against monetary inflation and dollar depreciation. Gold futures trading and market meddling also began in the United States a half-century ago.
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Support GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Thu, 2024-12-26 10:50 Section: Daily Dispatches10:49a ET Thursday, December 26, 2024
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
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The South African gold mines taken over by criminal gangs
Submitted by admin on Thu, 2024-12-26 10:44 Section: Daily DispatchesBy Monica Mark
Financial Times, London
Thursday, December 26, 2024
Down a shaft that plunged more than a mile below the earth in South Africa's old mining heartland, a man's life hung in the balance.
After weeks working -- then later, trapped and starved by violent gang leaders -- in the abandoned Buffelsfontein gold mine in Stilfontein, he clung weakly to a makeshift pulley winching him to safety this month. Above ground, a dozen men strained under the blistering morning sun, lifting the miner out inch by tenuous inch.
Australian gold miner makes $443 million claim against Ghana in international court
Submitted by admin on Wed, 2024-12-25 09:40 Section: Daily DispatchesBy Eryk Bagshaw and Edward Adeti
Sydney Morning Herald
Wednesday, December 25, 2024
An Australian mining company has filed a claim for $443 million against the Ghanaian government for multiple contract breaches that resulted in it losing the entire value of its gold mine in west Africa.
Support GATA financially and get a 1-ounce silver round commemorating the organization's work
Submitted by admin on Wed, 2024-12-25 09:26 Section: Daily Dispatches9:23a ET Wednesday, December 25, 2024
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
... Dispatch continues below ...
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USA Gold: Coins and Bullion Since 1973
It's a wonderful life -- and a political one
Submitted by admin on Tue, 2024-12-24 18:43 Section: Daily DispatchesBy Chris Powell
Tuesday, December 24, 2024
https://chrispowellcolumn.com/2024/12/23/its-a-wonderful-life-and-a-political-one-3/
Frank Capra's 1946 film, "It's a Wonderful Life," to be broadcast again Christmas Eve at 8 p.m. by NBC television, is loved most for its personal message of discovery at Christmas: that its hero's life has been, unbeknownst to him, crucial to his family, friends, community, and even his country.
Hong Kong's 114-year-old bullion bourse restructures to grow internationally
Submitted by admin on Tue, 2024-12-24 13:29 Section: Daily DispatchesBy Enoch Yiu
South China Morning Post
Friday, December 20, 2024
Members of the Chinese Gold & Silver Exchange Society voted to turn the city's 114-year-old gold bourse into a corporation in a bid to expand internationally and support the government's ambition to reboot Hong Kong as an international trading hub.
Founded in 1910, the society is the only bourse in Hong Kong that uses an electronic platform and an open outcry method for participants to trade physical gold and silver.
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Jan Nieuwenhuijs: China secretly snaps up more gold and positions for metal's greater role
Submitted by admin on Tue, 2024-12-24 13:09 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Tuesday, December 24, 2024
While 99% of the media keeps staring at official data by the Chinese central bank (PBoC)—misleadingly stating it added 5 tonnes of gold in November following a supposed six-month pause—the PBoC’s "unreported" purchases in London accounted for a stunning 60 tonnes in September and another 55 tonnes in October.
And while cross-border trade statistics from the U.K. for November have yet to released, I foresee another purchase of a similar magnitude.
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