Daily Dispatches

12:55p ET Tuesday, March 9, 2021

Dear Friend of GATA and Gold:

A week ago your secretary/treasurer wrote to the press offices of the Bank of England and the United Kingdom Treasury Department, asking two questions:

-- Have the Bank of England and the Treasury's Exchange Equalisation Account (or any agency answering to the bank or the Treasury) leased gold in the last 12 months? 

-- Has any leased gold been returned to the bank, the Treasury, or any agency answering to them in the last 12 months?

... Dispatch continues below ...

7:22p Monday, March 8, 2021

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly writes today that while the Bank of Nova Scotia has given up its New York Commodities Exchange metals vault in New York, the bank -- contrary to what news reports have suggested -- has not gotten out of the monetary metals business as a consequence of its U.S. conviction for market manipulation.

By Dave Kranzler
Investment Research Dynamics, Denver
Monday, March 8, 2021

The sharp selloff in gold and silver these past two weeks has taken many by surprise, including me, especially given the growing shortage of physical gold and silver. 

Make no mistake, the majority of the price decline in both metals has taken place in the paper derivative trading in London and New York. We subscribe to John Brimelow's Gold Jottings report. It's expensive but contains valuable data on the Indian, Chinese, Turkish, and Vietnamese gold market on a daily basis.

By Luke Hunt
Voice of America, Washington
Sunday, March 7, 2021

PHNOM PENH, Cambodia -- The National Bank of Cambodia, the country's central bank, is aiming to reduce the country's dependence on the U.S. dollar with the introduction of digital currencies and the phasing out of small-denomination U.S. currency -- $1, $2, and $5 bills -- in favor of the local currency, the riel.