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Daily Dispatches
Stefan Gleason: Pension funds start looking to gold to avert disaster
Submitted by cpowell on Tue, 2020-09-01 21:38 Section: Daily DispatchesBy Stefan Gleason
Money Metals News Service, Eagle, Idaho
Tuesday, September 1, 2020
Public and private pension plans face a dual crisis.
The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red.
... Dispatch continues below ...
Craig Hemke at Sprott Money: Comex (ab)use of gold EFPs has collapsed
Submitted by cpowell on Tue, 2020-09-01 20:42 Section: Daily Dispatches8:40p ET Tuesday, September 1, 2020
Dear Friend of GATA and Gold:
Use of the strange "exchange for physicals" mechanism to settle gold futures contracts on the New York Commodities Exchange has diminished dramatically this year, the TF Metals Report's Craig Hemke writes today at Sprott Money.
Bank of England to publish gold holdings data with one-month lag, not three
Submitted by cpowell on Tue, 2020-09-01 20:20 Section: Daily DispatchesBy Andy Bruce
Reuters
Tuesday, September 1, 2020
https://www.reuters.com/article/britain-boe-gold/bank-of-england-to-publ...
LONDON -- The Bank of England said today it will publish data on gold holdings with a one-month lag to improve transparency.
Gold refining veteran dares to say it: 'GATA has it right'
Submitted by cpowell on Mon, 2020-08-31 12:20 Section: Daily Dispatches12:21p ET Monday, August 31, 2020
Dear Friend of GATA and Gold:
Interviewed today by a consulting company in Singapore, a guy who has spent more than 30 years in the gold refining industry made an encouraging comment about GATA while admitting that it wouldn't do him any good.
Gold fund manager Ned Naylor-Leyland interviewed by Bullion Star's Ronan Manly
Submitted by cpowell on Mon, 2020-08-31 11:46 Section: Daily Dispatches11:45a ET Monday, August 31, 2020
Dear Friend of GATA and Gold:
Bullion Star gold researcher Ronan Manly last week interviewed gold fund manager Ned Naylor-Leyland, discussing prospects for the monetary metals and the possibility of structural changes in the world financial system. The interview is 40 minutes long and can be seen at YouTube here:
Pam and Russ Martens: How is stock market rising as investors stampede out?
Submitted by cpowell on Mon, 2020-08-31 11:18 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, August 31, 2020
The S&P 500 stock index set a new record high on Friday, closing at 3508.01 – the first time it has ever closed above 3500. In fact, the S&P 500 set a record high close every single day last week. ...
Jan Nieuwenhuijs: Toward a muliti-reserve currency system
Submitted by cpowell on Sun, 2020-08-30 13:13 Section: Daily Dispatches1:12p ET Sunday, August 30, 2020
Dear Friend of GATA and Gold:
Outlaw gold mining? Imperialists and totalitarians would love that
Submitted by cpowell on Sun, 2020-08-30 12:41 Section: Daily Dispatches12:55p ET Sunday, August 30, 2020
Dear Friend of GATA and Gold:
Because of gold mining's environmental costs, financial writer JP Koning mused the other day, outlawing it "makes a lot of sense," at least "in theory."
https://jpkoning.blogspot.com/2020/08/the-case-for-banning-gold-mining.html
Ohio police and firefighter pension fund to allocate 5% to gold
Submitted by cpowell on Sun, 2020-08-30 11:48 Section: Daily DispatchesWill they flush it down the toilet in GLD or purchase real metal?
* * *
New Asset Class Approved as First Step in Asset Allocation Review
From the Ohio Police & Fire Pension Fund
Columbus, Ohio
Friday, August 28, 2020
https://www.op-f.org/information/opfnews/opf-investment-notes-august-202...
At KWN, Turk says silver is leading gold; Macleod says gold's rise scares Comex
Submitted by cpowell on Sat, 2020-08-29 11:20 Section: Daily Dispatches11:20a ET Saturday, August 29, 2020
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News that the contracting gold-silver ratio shows that silver is leading the precious metals higher.
Gold and silver mining company shares remain undervalued, Turk adds, even as rising metals prices promise exponential increases in company earnings.
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