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Daily Dispatches
Where did the gold and silver for Britain's coins come from?
Submitted by cpowell on Thu, 2020-07-30 00:13 Section: Daily Dispatches12:35a ET Thursday, July 30, 2020
Dear Friend of GATA and Gold:
Anyone hanging around the gold sector for the last 20 years knows where much of Britain's gold went.
India's banks are racing to lend against a $1.5 trillion hoard of gold
Submitted by cpowell on Wed, 2020-07-29 22:20 Section: Daily DispatchesBy Swansy Afonso and Ankika Biswas
Bloomberg News
Wednesday, July 30, 2020
GoldSeek plans major improvements to start soon
Submitted by cpowell on Wed, 2020-07-29 22:11 Section: Daily Dispatches10:10p ET Wednesday, July 29, 2020
Dear Friend of GATA and Gold:
Monetary metals internet site GoldSeek today announced plans to make wide-ranging additions and improvements in the near future.
GoldSeek's new features will include:
-- Live gold prices, including streaming live prices and charts.
-- A format designed for mobile devices.
... Dispatch continues below ...
Even China now is terrified by risks of paper gold
Submitted by cpowell on Wed, 2020-07-29 13:06 Section: Daily DispatchesChina Banks, Regulators Move to Cool Gold Rush
By Andrew Galbraith, Winni Zhou, Samuel Shen, and Arpan Varghese
Reuters
Wednesday, July 29, 2020
SHANGHAI -- Chinese regulators and major banks are rushing to curb precious metal trading by domestic investors to temper speculation that some fear could cause a repeat of this year’s oil trading mishaps.
Pam and Russ Martens: U.S. GDP seen collapsing by record rate in Q2
Submitted by cpowell on Wed, 2020-07-29 12:16 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, July 29, 2020
The very reliable GDPNow forecasting model provided by researchers at the Atlanta Fed was updated this morning and predicts that gross domestic product in the United States contracted by a jaw-dropping 32.1 percent on a seasonally-adjusted, annualized rate in the second quarter.
King Report: Gold's touch of $2,000 triggers two attacks
Submitted by cpowell on Wed, 2020-07-29 01:06 Section: Daily DispatchesBy Bill King
The King Report
Burr Ridge, Illinois
Wednesday, July 29, 2020
http://thekingreport.com/
From Tuesday's King Report: "Anyone that's been around the block a few times with gold knows that at some point 'they' will stage a concerted effort to drive gold lower. ..."
Thai central bank would push local gold trade out of baht and into dollars
Submitted by cpowell on Tue, 2020-07-28 23:06 Section: Daily DispatchesThailand's Gold Plan May Curb Baht Without Incurring U.S. Anger
By Lilian Karunungan and Suttinee Yuvejwattana
Bloomberg News
Tuesday, July 28, 2020
The Bank of Thailand's plan to sever the link between gold trading and the baht may be a way to limit the currency's gains without incurring the wrath of the U.S. over foreign-exchange manipulation.
Where is all that gold being stored?
Submitted by cpowell on Tue, 2020-07-28 22:40 Section: Daily DispatchesBy Danielle Braff
The New York Times
Tuesday, July 28, 2020
We're in the midst of a modern-day gold rush.
Foreign Affairs: It is time to abandon dollar hegemony
Submitted by cpowell on Tue, 2020-07-28 22:35 Section: Daily DispatchesIssuing the World's Reserve Currency Comes at Too High a Price
By Simon Tilford and Hans Kundnani
Foreign Affairs, New York
Tuesday, July 28, 2020
In the 1960s, French Finance Minister Valéry Giscard d'Estaing complained that the dominance of the U.S. dollar gave the United States an "exorbitant privilege" to borrow cheaply from the rest of the world and live beyond its means.
Gold's sharp rise throws Financial Times into an erroneous sulk
Submitted by cpowell on Tue, 2020-07-28 22:01 Section: Daily Dispatches10:14p ET Tuesday, July 29, 2020
Dear Friend of GATA and Gold:
Appended is tomorrow's editorial in the Financial Times, which, taking note of gold's sharp rise in price, begins with a factual error, goes on to sulk for six paragraphs, and concludes with the hope and expectation that gold will go back in the dumpster eventually.
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