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Daily Dispatches
Scotiabank to close its venerable metals business, sources tell Reuters
Submitted by cpowell on Tue, 2020-04-28 19:57 Section: Daily DispatchesBy Peter Hobson
Reuters
Tuesday, April 28, 2020
LONDON -- Bank of Nova Scotia (Scotiabank) told staff today it would close its metals business, drawing the curtain on one of the most venerable names in precious metals trading, two sources familiar with the matter told Reuters.
GATA supporters have a special connection to The Calandra Report
Submitted by cpowell on Tue, 2020-04-28 13:37 Section: Daily DispatchesSubscribe at a discount today, gain insights about gold and silver miners, make money, and help GATA.
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1:38p ET Tuesday, April 28, 2020
Dear Friend of GATA and Gold:
Papua New Guinea threatens to seize Barrick's Porgera gold mine
Submitted by cpowell on Tue, 2020-04-28 11:27 Section: Daily DispatchesBy Neil Hume
Financial Times, London
Tuesday, April 28, 2020
Papua New Guinea has raised the stakes in its dispute with Barrick Gold, threatening to take control of the Porgera gold mine if it remains closed.
Shanghai gold boss wants super-sovereign currency for post-crisis times
Submitted by cpowell on Tue, 2020-04-28 11:22 Section: Daily DispatchesBy Samuel Shen and Emily Chow
Reuters
Tuesday, April 28, 2020
SHANGHAI -- The president of the Shanghai Gold Exchange has called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.
Gold buyers are paying lofty $135 premiums for U.S. coins
Submitted by cpowell on Mon, 2020-04-27 10:37 Section: Daily DispatchesBy Justina Vasquez
Bloomberg News
Monday, April 27, 2020
https://www.bloomberg.com/news/articles/2020-04-27/gold-buyers-are-forki...
Retail investors can't seem to get enough of gold during the coronavirus crisis, and they are willing to pay staggering amounts to get their hands on it.
Gold revaluation is easiest way to avert deflation, Rickards tells Hedgeye
Submitted by cpowell on Sun, 2020-04-26 17:02 Section: Daily Dispatches5p ET Sunday, April 26, 2020
Dear Friend of GATA and Gold:
GATA supporters have a special connection to The Calandra Report
Submitted by cpowell on Sun, 2020-04-26 12:42 Section: Daily DispatchesSubscribe at a discount today, gain insights about gold and silver miners, make money, and help GATA.
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12:40p ET Sunday, April 25, 2020
Dear Friend of GATA and Gold:
John Kim: The persistent gold and silver price illusion
Submitted by cpowell on Sun, 2020-04-26 12:24 Section: Daily Dispatches12:23p ET Sunday, April 25, 2020
Dear Friend of GATA and Gold:
While Voima Gold's researcher Jan Nieuwenhuijs argued last week that coin demand has little relevance to the prices of gold and silver --
Gold bars are flying from Perth Mint to New York to ease supply squeeze
Submitted by cpowell on Sat, 2020-04-25 11:37 Section: Daily DispatchesAnd still the Comex's recently touted contract for a quarter claim on a 400-ounce London Good Delivery bar hasn't traded even once yet -- and the Comex won't say why and the news organizations that hailed the contract won't even ask, being only propagandists, not journalists.
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By David Stringer
Bloomberg News
Friday, April 24, 2020
Jan Nieuwenhuijs: Since its inception the euro has devalued 85% against gold
Submitted by cpowell on Fri, 2020-04-24 12:17 Section: Daily DispatchesBy Jan Nieuwenhuijs
Voima Gold, Helsinki, Finland
Friday, April 24, 2020
On April 23 the gold price breached E51,000 euros per kilogram for the first time.The gold price in euros has increased by 555 percent since the euro was created in 1999.
Put differently, since inception the euro has lost 85 percent of its value against gold.
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