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Daily Dispatches
Gordon Brown's decision to sell Britain's gold looks ever more disastrous
Submitted by admin on Thu, 2024-05-02 22:27 Section: Daily DispatchesBy Philip Pilkington
The Telegraph, London
Thursday, May 2, 2024
According to the latest estimates, taxpayers will be on the hook to cover L85 billion in losses stemming from the unwinding of the Bank of England's quantitative easing (QE) policy. The scheme is set to lose about L20bn a year until the early 2030s -- a yearly figure worth more than a third of our current defence budget.
China's $170 billion gold rush triggers Taiwan invasion fears
Submitted by admin on Tue, 2024-04-30 13:59 Section: Daily DispatchesBy Melissa Lawford
The Telegraph, London
Tuesday, April 30, 2024
China has built up a $170 billion stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.
The People's Bank of China bought 27 tonnes of gold in the first three months of the year, taking its reserves to a record high of 2,262 tonnes, according to data from the World Gold Council.
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Chinese public is buying more than twice as much gold as the nation mines
Submitted by admin on Mon, 2024-04-29 13:29 Section: Daily DispatchesChina's consumers seek security in gold, 'the only safe asset'
By Mia Nulimalmaiti
South China Morning Post, Hong Kong
Monday, April 29, 2024
Chinese consumers are increasing their appetite for gold, seeking to protect their assets amid a volatile stock market, a depreciating yuan, and property doldrums, which analysts said would continue to boost international gold prices coupled with geopolitical uncertainties.
Thai government pension fund shifts focus to gold and oil
Submitted by admin on Sat, 2024-04-27 19:01 Section: Daily DispatchesBy Wiuchiut Chantanusornsiri
Bangkok Post, Thailand
Wednesday, April 24, 2024
The Government Pension Fund is reducing investments in assets that may be affected by war and increasing investments in gold and oil to mitigate risk.
According to Songpol Chevapanyaroj, secretary-general of the fund, management this year is more challenging than last year because of the risk of wars and elections in several countries, as well as well as uncertainty about interest rates.
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Help GATA while making money: Subscribe to The Calandra Report
Submitted by admin on Sat, 2024-04-27 13:51 Section: Daily Dispatches1:51p ET Saturday, April 27, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
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Trump allies draw plans to reduce Fed's independence
Submitted by admin on Sat, 2024-04-27 13:27 Section: Daily DispatchesBy Andrew Restuccia, Nick Timiraos, and Alex Leary
The Wall Street Journal
Friday, April 26, 2024
WASHINGTON -- Donald Trump's allies are quietly drafting proposals that would attempt to erode the Federal Reserve's independence if the former president wins a second term, in the midst of a deepening divide among his advisers over how aggressively to challenge the central bank's authority.
GoldSeek Radio's Waltzek, GATA's Murphy see U.S. losing control of gold price
Submitted by admin on Fri, 2024-04-26 20:15 Section: Daily Dispatches8:15p ET Friday, April 26, 2024
Dear Friend of GATA and Gold:
GoldSeek Radio's Chris Waltzek and GATA Chairman Bill Murphy today discuss indications, like price volatility, that U.S. banks are losing control of monetary metals prices, as well as the possibility of a worldwide financial shock as the U.S. dollar is repudiated.
The interview is 15 minutes long and can be heard at GoldSeek's companion site, SilverSeek, here:
Climax of de-dollarization is near, Maguire and Schectman say
Submitted by admin on Fri, 2024-04-26 19:59 Section: Daily Dispatches7:57p ET Friday, April 26, 2024
Dear Friend of GATA and Gold:
This week's edition of Kinesis Money's "Live from the Vault" program has London metals trader Andrew Maguire and U.S. monetary metals dealer Andy Schectman discussing Asia's revolt from the United States' system of manipulating commodity prices via the futures markets. They think the climax of that revolt, the world's "de-dollarization," is far closer than the conventional wisdom maintains.
Trump advisers discuss penalties for nations that move away from dollar
Submitted by admin on Thu, 2024-04-25 20:35 Section: Daily DispatchesBy Saleha Mohsin, Jennifer Jacobs, and Nancy Cook
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, April 25, 2024
Former President Donald Trump's economic advisers are considering ways to stop nations from shifting away from using the dollar -- an effort to counter budding moves among key emerging markets to reduce exposure to the U.S. currency, according to people familiar with the matter.
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China's March net gold imports via Hong Kong rise 40% from February
Submitted by admin on Thu, 2024-04-25 19:51 Section: Daily DispatchesBy Ashitha Shivaprasad
Reuters
via Mining.com, Toronto
Thursday, April 25, 2024
China's net gold imports via Hong Kong jumped 40% in March from the previous month, Hong Kong Census and Statistics Department data showed today.
Net imports into the world's top gold consumer stood at 55.836 metric tons in March, compared with 39.826 tons in February, the data showed.
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