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Daily Dispatches
Jan Nieuwenhuijs: Bucking repatriation trend, Argentina sends more gold to London
Submitted by admin on Tue, 2024-09-17 11:57 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Tuesday, September 17, 2024
In July the Central Bank of Argentina shipped another 3 tonnes of gold to the United Kingdom to swap for foreign exchange. A month prior the central bank also transported 3 tonnes to the U.K. The bank is now estimated to have 37 tonnes (60% of Argentina's gold reserves) on swap in the London bullion market.
Brien Lundin: $2,600 gold changes everything
Submitted by admin on Mon, 2024-09-16 19:12 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities, Metairie, Louisiana
Monday, September 16, 2024
The turn has come.
For the last six months, I have explained why this was an historic new gold bull market, but also why it was different from any other before it.
That's because it was being driven by central bank and Chinese buying, which had never happened before in combination, much less as the price was rising.
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New Jersey eliminates sales tax on gold and silver
Submitted by admin on Sat, 2024-09-14 16:56 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Thursday, September 12, 2024
Sound-money advocates are hailing their hard-fought victory today as New Jersey's Senate Bill 721 was signed into law, thereby removing sales taxes on purchases of gold, silver, and other precious metals above $1,000 effective January 1, 2025.
The long-anticipated bill signing by Gov. Phil Murphy positions New Jersey alongside 44 other states that recognize the importance of exempting constitutional sound money from burdensome taxation.
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Market analyst Kranzler, London trader Maguire discuss market rigging et al.
Submitted by admin on Fri, 2024-09-13 18:00 Section: Daily Dispatches5:59p ET Saturday, September 13, 2024
Dear Friend of GATA and Gold:
Financial letter writer Dave Kranzler is London metals trader Andrew Maguire's guest this week on Kinesis Money's "Live from the Vault" program, discussing market manipulation, the likely consequences of the Federal Reserve's impending reduction of U.S. interest rates, the explosive rise in U.S. government debt, and whether anyone outside the United States will want to own U.S. government bonds.
The program is an hour long and can be viewed at YouTube here:
Looks like gold is excellent for getting around U.S. sanctions
Submitted by admin on Fri, 2024-09-13 16:34 Section: Daily DispatchesRussia Begins Paying China Traders Using Couriered Gold in Hong Kong
From RussiasPivotToAsia.com
Thursday, September 12, 2024
Some Russian businesses have begun using gold to pay Chinese suppliers to get around U.S. sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers.
The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the Chinese suppliers' account at a local bank.
Alasdair Macleod: Swaps squeezed as gold breaks out
Submitted by admin on Fri, 2024-09-13 12:07 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, September 13, 2024
Not only are the charts foretelling higher prices, but runaway US debt and increasing threat of an all-out war against Russia are fueling a global panic out of dollars into gold.
Gold finally broke out above its tight consolidation range into new high ground yesterday and saw overnight demand taking it to $2570 this morning. That’s up $73 from last Friday’s close. Silver was at $30.15, up $2.25 on the same time scale.
Jan Nieuwenhuijs: Saudi central bank caught secretly buying 160 tonnes of gold in Switzerland
Submitted by admin on Thu, 2024-09-12 15:49 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Thursday, September 12, 2024
The Saudis have joined other Asian countries in ditching their long-term sensitivity to the gold price.
Evidence suggests the Saudi central bank has been covertly buying 160 tonnes of gold in Switzerland since early 2022, contributing to the current gold bull market.
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AngloGold makes $2.5 billion deal for Centamin, targets 'Tier 1' assets
Submitted by admin on Tue, 2024-09-10 17:35 Section: Daily DispatchesBy Nelson Banya and Aby Jose Koilparambil
Reuters
Tuesday, September 10, 2024
AngloGold Ashanti is now in a position to pursue growth through the acquisition of high-value assets, CEO Alberto Calderon said today, after the miner agreed to buy Egypt-focused smaller rival Centamin in a $2.5 billion stock and cash deal.
Shares in Centamin jumped over 20% to their highest level since October 2020, while those of its London-listed peer Hochschild rose over 2.5%. New York-listed AngloGold's were down 8%.
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Cryptocurrency Tether enables a parallel economy that operates beyond U.S. law enforcement
Submitted by admin on Tue, 2024-09-10 10:37 Section: Daily DispatchesBy Angus Berwick and Ben Foldy
The Wall Street Journal
Tuesday, September 10, 2024
A giant unregulated currency is undermining America's fight against arms dealers, sanctions busters and scammers. Almost as much money flowed through its network last year as through Visa cards. And it has recently minted more profit than BlackRock, with a tiny fraction of the workforce.
Its name: tether. The cryptocurrency has grown into an important cog in the global financial system, with as much as $190 billion changing hands daily.
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Joshua D. Glawson: How America's money devolved from gold and silver to fiat
Submitted by admin on Mon, 2024-09-09 21:45 Section: Daily DispatchesBy Joshua D. Glawson
Money Metals Exchange, Eagle, Idaho
Monday, September 9, 2024
Imagine a street performer standing behind a small table, moving three shells around at lightning speed, concealing a pea beneath one of them. As the audience watches closely, they try to follow the pea's location, only to realize that no matter how well they track it, they've been fooled.
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