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Daily Dispatches
Nigeria begins to see results from developing its gold resources
Submitted by admin on Sun, 2024-06-23 17:10 Section: Daily DispatchesTinubu Celebrates as Nigeria Sells gold, Injects $5 Million into Economy
By Damilola Aina
Punch, Magboro, Nigeria
Sunday, June 23, 2024
Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the minister of solid minerals development, Dele Alake, disclosed today.
Maguire, Macleod discuss monetary metals' future on 'Live from the Vault'
Submitted by admin on Sat, 2024-06-22 22:11 Section: Daily Dispatches10:11p ET Saturday, June 22, 2024
Dear Friend of GATA and Gold (and Silver):
GoldMoney research director Alasdair Macleod is the guest on this week's edition of Kinesis Money's "Live from the Vault" program with London metals trader Andrew Maguire.
They discuss Russia's defeat of Western economic sanctions, the world's diminishing fear of the United States, the possibility of de-facto gold standards in Asia, the prospects for a gold-related BRICs currency, the heavy involvement of China and India with gold, whether silver will outperform gold, and bitcoin.
Sprott Money salutes Ted Butler
Submitted by admin on Wed, 2024-06-19 19:17 Section: Daily DispatchesFrom Sprott Money, Toronto
Monday, June 17, 2024
The fight for free and fair pricing in the precious metals lost a longtime advocate last weekend with the passing of Ted Butler. Few have fought against the bullion banks as vigorously as Ted, and now we must continue the battle in his honor.
Singapore gold analyst agrees with GATA: Official Chinese data may be false
Submitted by admin on Wed, 2024-06-19 18:31 Section: Daily Dispatches6:42p ET Wednesday, June 19, 2024
Dear Friend of GATA and Gold:
In analysis today for Think China magazine in Singapore, the co-founder of Singapore research firm Plenum, Chen Long, echoes your secretary/treasurer's longtime assertions that no official gold reserve data is reliable, including China's, an assertion repeated in your secretary/treasurer's discussion last week with Soar Financially's Kai Hoffman, brought to your attention yesterday:
Official gold data is no good, GATA secretary tells Soar Financially's Kai Hoffman
Submitted by admin on Tue, 2024-06-18 16:41 Section: Daily Dispatches4:40p ET Tuesday, June 18, 2024
Dear Friend of GATA and Gold:
In a discussion last week with Kai Hoffman of Soar Financially, your secretary-treasurer dismissed reports that the People's Bank of China had "stopped" buying gold insofar as it reported not buying any in May for the first time in many months.
Official gold reserve information is unreliable, your secretary-treasurer said, providing several major examples of how it has been falsified over the years.
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Ed Steer: In tribute to Ted Butler
Submitted by admin on Tue, 2024-06-18 16:20 Section: Daily DispatchesBy Ed Steer
Ed Steer's Gold and Silver Digest
Tuesday, June 18, 2024
I still haven't really come to grips with the fact that Ted Butler is gone, even though I knew it had been coming since early March but kept quiet about it until I started getting questions from his subscribers about a month ago when the second notification went up on his website that he was ceasing publication of his column.
No words below will do justice to him, or his legacy.
Ronan Manly: Can gold-backed ZiG restore confidence and stability in Zimbabwe?
Submitted by admin on Tue, 2024-06-18 12:09 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Tuesday, June 18, 2024
When the words "Zimbabwe" and "currencies" are mentioned in the same sentence, many people will bring to mind the chronic hyperinflation period that Zimbabwe experienced from the early 2000s to 2009, and the infamous 100 trillion Zimbabwean dollar note Zimbabwe's central bank issued in a desperate attempt to cope with that hyperinflation.
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Alasdair Macleod: The physical drivers of gold and silver
Submitted by admin on Mon, 2024-06-17 20:03 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, June 14, 2024
Gold and silver steadied this week, at the lower end of their current trading ranges. In European trade this morning, gold was $2,317, up $22, while silver was $29.07, down 8 cents. Comex volumes in gold were low, while silver's were high.
The trading dynamics in the two metals are dissimilar, as our two charts show.
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Jim Rickards: No, the Saudis didn't just kill the dollar
Submitted by admin on Mon, 2024-06-17 19:55 Section: Daily DispatchesBy James G. Rickards
The Daily Reckoning, Baltimore
Monday, June 17, 2024
There has been a lot of talk over the past several days that Saudi Arabia is ending the petrodollar deal it has had with the United States for 50 years. This story has been highly exaggerated. Today I want to address the misinformation you're seeing and show you what really happened.
Jan Nieuwenhuijs: Thailand joins China in driving gold bull market
Submitted by admin on Mon, 2024-06-17 11:10 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Monday, June 17, 2024
Shedding its long-standing price sensitivity to the price of gold, Thailand is a gold buyer driving the price up, just like China.
Present changes in the global gold market, in which pricing power is shifting East, could be a precursor to a transformation in the international monetary order. Possibly, trade in the East will settle through a system connecting local central bank digital currencies, while any remaining imbalances are transferred in gold.
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