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Daily Dispatches
Philippines central bank adopts policy of active gold trading
Submitted by cpowell on Sat, 2020-09-05 10:58 Section: Daily DispatchesBy Ditas B Lopez
Bloomberg News
Saturday, September 5, 2020
https://www.bloomberg.com/news/articles/2020-09-05/philippines-central-b...
The Philippine central bank is shifting to active gold trading as the monetary authority seeks to better manage the country's international reserves, Governor Benjamin Diokno said on today.
Record gold prices create insurance headache for vault keepers
Submitted by cpowell on Sat, 2020-09-05 10:34 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Saturday, September 5, 2020
Surging demand for gold means business is booming at the companies that store and protect the world's bullion. But record prices come with a catch: All those piles of yellow bars are suddenly much trickier to insure.
USAGold's September 'News & Views' letter is available
Submitted by cpowell on Fri, 2020-09-04 10:26 Section: Daily Dispatches10:27a ET Friday, September 4, 2020
Dear Friend of GATA and Gold:
USAGold's September "News & Views" letter, published by Centennial Precious Metals in Colorado, covers the superiority of long-term investment, the new openness to gold by Warren Buffett and pension funds, gold's excellent performance against major currencies, and silver's recent excellent performance against everything.
Alasdair Macleod: Central banks are running out of road with inflation
Submitted by cpowell on Thu, 2020-09-03 22:26 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, September 3, 2020
If you think that price inflation runs at about 1.6 percent you have fallen for the Consumer Price Index myth of the U.S. Bureau of Labor Statistics.
Ronan Manly: New 'transparency' at Bank of England and LBMA likely means to help Comex obfuscate
Submitted by cpowell on Thu, 2020-09-03 20:43 Section: Daily Dispatches8:42p ET Thursday, September 3, 2020
Dear Friend of GATA and Gold:
By starting to report their gold and silver vault holdings on a one-month instead of a three-month basis, Bullion Star gold researcher Ronan Manly writes today, the Bank of England and London Bullion Market Association are probably not doing any favors for the "transparency" they tout.
Jan Nieuwenhuijus: Gold is the most stable currency
Submitted by cpowell on Thu, 2020-09-03 12:09 Section: Daily Dispatches12:10p ET Thursday, September 3, 2020
Dear Friend of GATA and Gold:
Voima Gold researcher Jan Nieuwenhuijs today disputes a recent video produced by metals consultancy CPM Group that asserts that gold's value declines over time just as the value of government currencies does.
FT's John Plender: Gold over bonds is a 'no-brainer'
Submitted by cpowell on Thu, 2020-09-03 11:42 Section: Daily Dispatches11:43a ET Thursday, September 3, 2020
Dear Friend of GATA and Gold:
If they dig deep enough into it today, readers of the Financial Times will find support for gold at the bottom of senior editor John Plender's column, headlined "Fed's Inflation Shift Is Another Blow to 'Safe' Assets":
https://www.ft.com/content/f7848873-ba42-4166-b063-fe6aa51e1080
The Australian gold rush that never ended
Submitted by cpowell on Wed, 2020-09-02 20:07 Section: Daily DispatchesBy Geoff Hiscock
Nikkei Asian Review, Tokyo
Wednesday, September 2, 2020
Pam and Russ Martens: Wall Street's felon banks open their own stock exchange this month
Submitted by cpowell on Wed, 2020-09-02 19:53 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, September 2, 2020
Members Exchange, a new stock exchange, has announced that it will begin live trading of select stocks on September 21 with a full phase-in on September 29.
Bank of England official says gold price 'tells you precisely nothing'
Submitted by cpowell on Wed, 2020-09-02 19:45 Section: Daily DispatchesBut doesn't it at least reveal that gold is more in demand than the British pound or Deutschebank shares?
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Gold Is a Terrible Predictor of Inflation, Bank of England's Vlieghe Says
By Lucy Meakin
Bloomberg News
Wednesday, September 2, 2020
Bank of England policy maker Gertjan Vlieghe warned that it's a "terrible idea" to look at gold prices as a predictor of inflation.
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