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Daily Dispatches
U.S. and allies will ban import of Russian gold
Submitted by admin on Sun, 2022-06-26 09:22 Section: Daily DispatchesBy Zeke Miller and Darlene Superville
Associated Press
Sunday, June 26, 2022
ELMAU, Germany -- President Joe Biden today praised the continued unity of the global alliance confronting Russia, as he and other heads of the Group of Seven leading economies strategized on sustaining the pressure in their effort to isolate Moscow over its months-long invasion of Ukraine.
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When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Sat, 2022-06-25 22:33 Section: Daily Dispatches10:33p ET Saturday, June 25, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
China's central bank, BIS set up renminbi liquidity arrangement
Submitted by admin on Sat, 2022-06-25 22:31 Section: Daily DispatchesBy Brenda Goh
Reuters
Saturday, July 25, 2022
SHANGHAI -- China's central bank said today it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement that will provide support to participating central banks in times of market fluctuations.
Pam and Russ Martens: JPMorgan's derivatives surpass $60 trillion, a six-year high
Submitted by admin on Fri, 2022-06-24 11:17 Section: Daily DispatchesBut what if they are really U.S. government positions? This analysis notes that 100% of the bank's monetary metals derivatives and 96% of its foreign exchange derivatives are not centrally cleared. Might central clearing expose the government's connection?
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By Pam and Russ Martens
Wall Street on Parade
Friday, June 24, 2022
Add JPMorgan Chase, the biggest bank in the United States with an unprecedented five criminal felony counts since 2014, to the growing list of debacles of which the Federal Reserve has lost control.
Russia, China, other BRICs plan challenge to dollar with new reserve currency
Submitted by admin on Fri, 2022-06-24 10:27 Section: Daily DispatchesBy George Glover
Insider, New York
Friday, June 24, 2022
Russia is ready to develop a new global reserve currency alongside China and other BRICS nations, in a potential challenge to the dominance of the US dollar.
President Vladimir Putin signaled the new reserve currency would be based on a basket of currencies from the group's members: Brazil, Russia, India, China, and South Africa.
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Switzerland says Russian gold imports arrived from UK
Submitted by admin on Fri, 2022-06-24 10:05 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Friday, June 24, 2022
Gold recorded as originating from Russia arrived in Switzerland from the UK last month, according to the Swiss Federal Customs Administration.
More than 3 tons of gold -- worth about $200 million -- was recorded as being imported from Russia to Switzerland last month, according to customs data. The industry has been abuzz with speculation about the trade, especially after the association of Swiss refiners said its members hadn’t imported the metal.
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GATA Chairman Murphy interviewed by Andrew Maguire on 'Live from the Vault'
Submitted by admin on Fri, 2022-06-24 09:16 Section: Daily Dispatches9:14a ET Friday, June 24, 2022
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy is the guest in this week's interview with London metals trader Andrew Maguire on Kinesis Money's "Live from the Vault" program, discussing the longstanding manipulation of the gold and silver markets and GATA's work exposing it. The interview is 40 minutes long and can be viewed at YouTube here:
When buying gold or silver, consider the dealers that support GATA
Submitted by admin on Thu, 2022-06-23 21:49 Section: Daily Dispatches9:48p ET Thursday, June 23, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
Bank runs happening across China as depositors can't get at their money
Submitted by admin on Thu, 2022-06-23 21:47 Section: Daily DispatchesBy Nicole Hao
The Epoch Times, New York
Thursday, June 23, 2022
After nearly one million Chinese people were unable to access their bank deposits in central China's Henan province earlier this year, residents in east China's Shanghai, south China's Shenzhen, north China's Dandong, and central-east China's Jiujiang reported the difficulties they faced when trying to withdraw cash from their bank accounts.
John Authers: The age of central bank credibility is over
Submitted by admin on Thu, 2022-06-23 11:54 Section: Daily DispatchesBy John Authers
Bloomberg News
Thursday, June 23, 2022
Monetary regimes don't fall often.
Half a century ago, in 1971, Richard Nixon ended the Age of Gold by formally eliminating the dollar's peg to the precious metal. Since then, the dollar and other currencies have rested on fiat -- they're worth something because governments say they are.
You could call this the Age of Credibility. In place of gold, currency's anchor is the trust in the central banks that issue them.
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