Daily Dispatches

Russia's $40 billion gold-buying binge is slowing down

Submitted by cpowell on Thu, 2020-01-16 10:57 Section: Daily Dispatches

Or maybe just its gold-acquisition reporting is slowing down.

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By Yuliya Fedorinova and Andrey Biryukov
Bloomberg News
Thursday, January 16, 2020

Russia, the world's biggest buyer of gold, is losing interest in the precious metal.

Read more about Russia's $40 billion gold-buying binge is slowing down

Jan Nieuwenhuijs: Will China's hoarding cause gold's price to rise?

Submitted by cpowell on Wed, 2020-01-15 22:30 Section: Daily Dispatches

10:29p ET Wednesday, January 15, 2020

Dear Friend of GATA and Gold:

China's government gold reserve is probably twice as large as the nearly 2,000 tonnes officially reported, Voima Gold researcher Jan Nieuwenhuijs writes today, even as the country is storing another 20,000 tonnes among its people.

Read more about Jan Nieuwenhuijs: Will China's hoarding cause gold's price to rise?

Craig Hemke at Sprott Money: Real gold vs. pretend gold in 2020

Submitted by cpowell on Tue, 2020-01-14 20:39 Section: Daily Dispatches

8:39p ET Tuesday, January 13, 2020

Dear Friend of GATA and Gold:

Real gold gained on "paper gold" in 2019, Craig Hemke of the TF Metals Report writes at Sprott Money today, and likely will continue to gain on it this year as central bank buying continues, hastening the deleveraging of the "paper gold" system.

Read more about Craig Hemke at Sprott Money: Real gold vs. pretend gold in 2020

Stefan Gleason: Yes, China is a currency manipulator, and the U.S. banking system is a monetary metals manipulator

Submitted by cpowell on Tue, 2020-01-14 14:50 Section: Daily Dispatches

By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, January 14, 2020

The U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be "currency manipulators." The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers.

Read more about Stefan Gleason: Yes, China is a currency manipulator, and the U.S. banking system is a monetary metals manipulator

Dave Kranzler: Fed is monetizing everything to keep financial system from collapsing

Submitted by cpowell on Tue, 2020-01-14 12:28 Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Tuesday, January 13, 2020

Gresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives.

Read more about Dave Kranzler: Fed is monetizing everything to keep financial system from collapsing

Ronan Manly: German government escalates its war on gold

Submitted by cpowell on Tue, 2020-01-14 11:41 Section: Daily Dispatches

11:40a ET Tuesday, January 14, 2020

Dear Friend of GATA and Gold:

Germany's government keeps reducing the threshold for anonymous purchase of monetary metals, Bullion Star research Ronan Manly reports today, noting that in less than three years the limit has fallen from E15,000 to E10,000, and now to E2,000.