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Daily Dispatches
USAGold's 'News & Views' letter on the crisis-ready investment portfolio
Submitted by cpowell on Thu, 2020-04-09 18:15 Section: Daily Dispatches6:17p ET Thursday, April 9, 2020
Dear Friend of GATA and Gold:
The new edition of USAGold's "News & Views" letter examines the impact of the worldwide virus epidemic on governments and financial systems and the possibility that the epidemic will change the world order. The letter is headlined "The Crisis-Ready Investment Portfolio" and it's posted at USAGold here:
LBMA insists gold shortgage is just a shipping problem
Submitted by cpowell on Thu, 2020-04-09 18:06 Section: Daily DispatchesCharter Flights Insured to Ship Gold to Ease Supply Logjam, LBMA Says
By Peter Hobson
Reuters
Thursday, April 9, 2020
LONDON -- Insurance firms have started covering charter flights to carry gold, helping to ease logjams in the bullion supply chain that caused prices to diverge sharply in different markets, the London Bullion Market Association said today.
Gold contracts default, deliveries rationed in London, trader Maguire says
Submitted by cpowell on Thu, 2020-04-09 14:58 Section: Daily Dispatches3:07p ET Thursday, April 9, 2020
Dear Friend of GATA and Gold:
In extended comments given this week for a weekly promotional video for Kinesis Money, London metals trader Andrew Maguire reviews in detail the ongoing collapse of the fractional-reserve gold banking system based in London.
While Maguire's topic is complicated, this seems to be the essence of his remarks:
Wall Street firm dangled 175% returns to investors using U.S. aid programs, Reuters says
Submitted by cpowell on Thu, 2020-04-09 11:32 Section: Daily DispatchesBy Lawrence Delevingne
Reuters
Thursday, April 9, 2020
https://www.reuters.com/article/us-health-coronavirus-arcadia-returns-ex...
Ronan Manly: Bullion bank nightmare as LBMA-Comex spread blows up again
Submitted by cpowell on Thu, 2020-04-09 09:18 Section: Daily Dispatches9:21a ET Thursday, April 9, 2020
Dear Friend of GATA and Gold:
In Daily Coin interview, GATA secretary says gold is the secret knowledge of the financial universe
Submitted by cpowell on Wed, 2020-04-08 15:21 Section: Daily Dispatches3:22p ET Wednesday, April 8, 2020
Dear Friend of GATA and Gold:
Interviewed today by The Daily Coin's Rory Hall, your secretary/treasurer explains why gold is the secret knowledge of the financial universe, the determinant of the price of all capital, labor, goods, and services in the world, which is why governments long have been striving to control it.
Craig Hemke at Sprott Money: A crisis of confidence endures with gold futures
Submitted by cpowell on Tue, 2020-04-07 20:35 Section: Daily Dispatches8:36p ET Tuesday, April 7, 2020
Dear Friend of GATA and Gold:
Gold markets again haunted by signs of dislocation
Submitted by cpowell on Tue, 2020-04-07 12:22 Section: Daily DispatchesComex was just rescued with gold from JPMorgan.
* * *
By Justina Vasquez and Elena Mazneva
Bloomberg News
Tuesday, April 7, 2020
Gold prices that usually move in lockstep are diverging again, reviving fears of impending turmoil just a couple of weeks after the last bout of panic.
Jan Nieuwenhuijs: Central banks need a higher gold price
Submitted by cpowell on Tue, 2020-04-07 11:12 Section: Daily Dispatches11:15a ET Tuesday, April 7, 2020
Dear Friend of GATA and Gold:
Many central banks lately have been buying gold and have begun to want a higher gold price, Voima Gold researcher Jan Nieuwenhuijs writes today, to generate inflation, devalue the excessive debt hampering the world's economy, and strengthen their own balance sheets.
Russian banks ask central bank to resume gold buying as virus hobbles exports
Submitted by cpowell on Tue, 2020-04-07 10:36 Section: Daily DispatchesBy Elena Fabrichnaya and Polina Devitt
Reuters
Tuesday, April 7, 2020
MOSCOW -- Russian banks have asked the central bank to resume buying gold for its reserves with exports of the precious metal hobbled by the coronavirus outbreak, their lobby group said.
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