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Daily Dispatches
Bitcoin is a competitor for gold, not dollar, Fed chairman says
Submitted by admin on Wed, 2024-12-04 18:01 Section: Daily DispatchesBy Rocio Fabbro
Quartz, New York
Wednesday, December 4, 2024
While cryptocurrency fans like to float bitcoin as a possible replacement for the U.S. dollar, Federal Reserve Chairman Jerome Powell doesn't quite see it that way.
Speaking today at The New York Times DealBook Summit in Manhattan, the central banker said bitcoin is a speculative asset like gold rather than something comparable to a currency.
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Putin questions need for dollar forex reserves, touts bitcoin -- and omits gold
Submitted by admin on Wed, 2024-12-04 13:09 Section: Daily DispatchesBut then why build up an asset if you're trying to acquire it?
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By Gleb Bryanski
Reuters
Wednesday, December 4, 2024
George Will: What is the Federal Reserve for, exactly?
Submitted by admin on Wed, 2024-12-04 09:56 Section: Daily DispatchesCentral bank's 'too leveraged to fail' principle has created a poisonous bailout culture
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By George Will
The Washington Post
Friday, November 29, 2024
https://www.washingtonpost.com/opinions/2024/11/29/federal-reserve-bailouts-moral-hazard/
Silver's prospects discussed by GoldSeek Radio's Waltzek and GATA Chairman Murphy
Submitted by admin on Mon, 2024-12-02 15:26 Section: Daily Dispatches3:25p ET Monday, December 2, 2024
Dear Friend of GATA and Gold:
GoldSeek Radio's Chris Waltzek today discusses silver's prospects with GATA Chairman Bill Murphy, who says JPMorganChase is still working to prevent the white metal from catching up to gold.
The interview is 8 1/2 minutes long and can be heard at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/goldseek-radio-nugget-bill-murphy-bad-guys-are-getting-out
Australia's Northern Star plan to buy De Grey Mining for US$3.3 billion
Submitted by admin on Sun, 2024-12-01 20:46 Section: Daily DispatchesBy Melanie Burton and Aaditya Govind Rao
From Reuters
Monday, December 2, 2024
MELBOURNE, Australia -- Australian gold miner Northern Star Resources said today it will buy De Grey Mining in an all-share deal valuing the smaller miner at A$5 billion (US$3.3 billion) as high gold prices spur consolidation in the sector.
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Russia imposes temporary ban on export of precious metals waste and scrap
Submitted by admin on Sun, 2024-12-01 10:58 Section: Daily DispatchesFrom Interfax, London
Monday, November 25, 2024
MOSCOW -- The Russian government has introduced a temporary ban on the export of waste and scrap of precious metals from December 1, 2024, to May 31, 2025. This decision will enable increasing the load of Russian refinery operators, the Russian government said on its website Saturday.
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Peter St. Onge: How we could end the Federal Reserve
Submitted by admin on Sat, 2024-11-30 19:35 Section: Daily DispatchesBy Peter St. Onge
Money Metals Exchange, Eagle, Idaho
Friday, November 29, 2024
How can we End the Federal Reserve?
Without a government-licensed counterfeiter, would we be eating cat food?
There's an entire industry dedicated to pumping out fear, uncertainty, and doubt of the post-apocalyptic dystopia that would descend upon the fair republic if we cancel the Fed's counterfeiting license.
So what would actually happen?
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Trump threatens 100% tariffs against nations that replace U.S. dollar
Submitted by admin on Sat, 2024-11-30 14:19 Section: Daily DispatchesTrump Warns BRICS Nations Against Replacing U.S. Dollar
By Lucia Mutikani and Ismail Shakil
Reuters
Saturday, November 30, 2024
https://www.reuters.com/world/trump-warns-brics-nations-against-replacing-us-dollar-2024-11-30/
WASHINGTON -- U.S. President-elect Donald Trump today demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar or face 100% tariffs.
China expands trading to acquire more Western gold and silver, Maguire tells LFTV
Submitted by admin on Fri, 2024-11-29 22:29 Section: Daily Dispatches10:27p ET Friday, November 29, 2024
Dear Friend of GATA and Gold:
The People's Bank of China has just authorized millions of smaller companies and traders to buy gold and silver on the Shanghai Gold Exchange, London metals trader Andrew Maguire says in this week's episode of Kinesis Money's "Live from the Vault" program. This expansion of trading, Maguire says, is designed to draw much more Western metal into China. He expects the gold price to reach $3,000 by the end of December and the new buying from China to set silver on its way to $100.
Eastern European central banks are now among biggest buyers of gold
Submitted by admin on Fri, 2024-11-29 10:08 Section: Daily DispatchesBy Peter Laca
Bloomberg News
Thursday, November 28, 2024
This year the Czech Republic's central bank chief flew to London to have a look at a swelling stack of gold bars stored in the Bank of England's concrete-encased vaults beneath Threadneedle Street.
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