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Daily Dispatches
Brien Lundin: Noose tightens on the Fed, and it's not too late for NOLA
Submitted by admin on Wed, 2024-11-13 12:58 Section: Daily Dispatches1p ET Wednesday, November 13, 2024
Dear Friend of GATA and Gold:
In his commentary today, Gold Newsletter editor and New Orleans Investment Conference proprietor Brien Lundin writes that the soaring debt of the U.S. government is undermining the Federal Reserve's program of reducing interest rates even as higher debt service costs will wreck the government's finances and those of business too.
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GoldSeek Radio's Waltzek interviews GATA Chairman Murphy
Submitted by admin on Mon, 2024-11-11 19:47 Section: Daily Dispatches7:45p ET Monday, November 11, 2024
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed today by GoldSeek Radio's Chris Waltzek, discusses the sudden pounding gold and silver have been taking following the U.S. presidential election but expresses confidence that the metals are still breaking free of the market manipulation that has been suppressing their prices for decades. It's just a matter of time, Murphy and Waltzek agree, but how much time some of us have is another matter.
Inside the huge new Money Metals Exchange vault in Idaho
Submitted by admin on Mon, 2024-11-11 19:27 Section: Daily Dispatches7:28p ET Monday, November 11, 2024
Dear Friend of GATA and Gold:
GATA supporter Money Metals Exchange has posted at YouTube a video about its massive new monetary metals depository in Eagle, Idaho, said to be the largest such vault in the United States west of New York, a vault even larger than the U.S. gold repository at Fort Knox, Kentucky.
Customers may be confident that their metal vaulted with Money Metals Exchange is infinitely less likely to be rehypothecated than any metal vaulted at Fort Knox, if indeed there's still any metal there at all.
Brien Lundin: Gold vs. bitcoin
Submitted by admin on Mon, 2024-11-11 18:45 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, November 11, 2024
In investing, perception is reality, especially over the short term.
And right now a lot of traders believe that the incoming Trump administration is going to be very pro-Bitcoin ... and for some reason that’s also supposed to be anti-gold.
Bitcoin is continuing its post-election rally, reaching nearly $85,000 after surging over 7% today.
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Mali junta detains 3 executives from gold miner Resolute
Submitted by admin on Sat, 2024-11-09 23:33 Section: Daily DispatchesFrom Agence-France Presse
via The Africa Report, Paris
Saturday, November 9, 2024
Terry Holohan, chief executive of the Australian mining company Resolute Mining Ltd., has been detained by Mali's ruling junta, sources familiar with the matter told Bloomberg.
Holohan and several other company executives were taken in for questioning on Friday, 8 November, in Bamako, according to various sources, who requested anonymity as they were not authorised to speak publicly.
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Robert Lambourne: BIS gold swaps fell 17% in October amid hints of price reset
Submitted by admin on Sat, 2024-11-09 22:43 Section: Daily DispatchesBy Robert Lambourne
Saturday, November 9, 2024
China searches for safe havens amid U.S. debt woes, dollar weaponization
Submitted by admin on Sat, 2024-11-09 18:47 Section: Daily DispatchesAmanda Lee and Sylvia Ma
South China Morning Post, Hong Kong
Sunday, November 10, 2024
Ever since the U.S. dollar cemented its role as the backbone of the global financial system following the Second World War, it has been a weapon of choice for American presidents waging economic warfare.
But as the United States' use of sanctions has proliferated in recent years, concerns have grown in China and elsewhere over whether the U.S. dollar can remain a safe-haven currency.
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Bolivia ditches new gold-reporting rule within days to curb 'speculation'
Submitted by admin on Sat, 2024-11-09 18:30 Section: Daily DispatchesThe truth about the country's gold reserve might hurt economic stability
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By Sergio Mendoza
Bloomberg News
Friday, November 8, 2024
Bolivia's central bank ditched new rules on reporting its gold reserves it had published just two days earlier.
The bank said in a statement today that it wouldn't implement the resolution to avoid "speculation that seeks to damage the economic stability of the country."
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China conceals gold purchases for sixth straight month
Submitted by admin on Sat, 2024-11-09 11:36 Section: Daily DispatchesChina's Central Bank Pauses Gold Purchases for Sixth Straight Month
By Qiaoyi Li, Ryan Woo, and Anushree Mukherjee
Reuters
Thursday, November 7, 2024
BEIJING -- China's central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official data released today.
China's gold holdings stood at 72.8 million troy ounces at the end of last month. The value of the gold reserves, however, rose to $199.06 billion from $191.47 billion at the end of September.
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Jan Nieuwenhuis: Europe is preparing for a new gold standard
Submitted by admin on Fri, 2024-11-08 19:07 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Friday, November 8, 2024
Countries outside the eurozone but inside the European Union -- that is, those that one day might join the eurozone, like Poland, Hungary, and the Czech Republic -- are positioning for a new gold standard.
To prepare for a monetary system based on gold, they are buying gold to equalize their reserves to the eurozone average. This balancing of gold reserves in Europe is a key topic I have written about extensively.
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