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Daily Dispatches
Leonid Bershidsky: Putin's big bet on gold is paying off
Submitted by cpowell on Tue, 2019-06-25 09:13 Section: Daily DispatchesBy Leonid Bershidsky
Bloomberg News
Tuesday, June 25, 2019
For years Russia has been the world's biggest sovereign gold bug. Even while gold prices were in the doldrums, it doggedly kept increasing its reserves. Now that gold is at the highest level since 2013, the tactic appears to be paying off.
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Craig Hemke at Sprott Money: Recognition and adjustment
Submitted by cpowell on Mon, 2019-06-24 19:06 Section: Daily Dispatches7p ET Monday, June 24, 2019
Dear Friend of GATA and Gold:
Now that the world has realized that central banks are faking it, Craig Hemke of the TF Metals Report writes tonight at Sprott Money, the next bull market in gold has begun.
Dave Kranzler: Central banks and bullion banks mobilizing for another gold smash
Submitted by cpowell on Mon, 2019-06-24 17:23 Section: Daily Dispatches5:23p ET Monday, June 24, 2019
Dear Friend of GATA and Gold:
Gold is the secret knowledge of the financial universe, GATA secretary says
Submitted by cpowell on Mon, 2019-06-24 10:31 Section: Daily Dispatches10:32 ET Monday, June 24, 2019
Dear Friend of GATA and Gold:
Gold is the secret knowledge of the financial universe, your secretary/treasurer remarks in an interview, published today, with the Swiss precious metals advisory service proprietor Claudio Grass.
Zimbabwe declares interim RTGS dollar its sole legal currency
Submitted by cpowell on Mon, 2019-06-24 10:08 Section: Daily DispatchesBy Nelson Banya
Reuters
Monday, June 24, 2019
HARARE, Zimbabwe -- Zimbabwe today declared its interim currency to be the country's sole legal tender in a bid to stem black-market demand for foreign currencies.
From Nazis to refineries: How Switzerland has handled the world's gold
Submitted by cpowell on Sun, 2019-06-23 22:56 Section: Daily DispatchesBy Dominique Soguel-dit-Picard
Swiss Info, Bern, Switzerland
Sunday, June 23, 2019
A new book exposes the dark history of gold laundering in Switzerland and the modern challenge of cleaning up a lucrative industry. This is the story of the Alpine nation's dominance over global gold trade.
Peak Prosperity acknowledges likelihood of gold price suppression
Submitted by cpowell on Sat, 2019-06-22 16:22 Section: Daily Dispatches4:25p ET Saturday, June 22, 2019
Dear Friend of GATA and Gold:
With Adam Taggart's essay about gold today, Peak Prosperity finally acknowledges "it's highly likely that the price has been suppressed." Who's next -- Pierre Lassonde? Mark Carney? The Financial Times? The Economist? Even the World Gold Council?
Mike Kosares: This has been and is likely to remain gold's century
Submitted by cpowell on Sat, 2019-06-22 12:55 Section: Daily Dispatches12:55p ET Saturday, June 22, 2019
Dear Friend of GATA and Gold:
Investment-wise the 21st century so far has belonged to gold, USAGold's Mike Kosares writes today, as the monetary metal has quietly outperformed equities, though equities have gotten most of the attention.
Gold was rising even before dollar started falling, Michael Oliver tells KWN
Submitted by cpowell on Sat, 2019-06-22 11:27 Section: Daily Dispatches11:25a ET Saturday, June 22, 2019
Dear Friend of GATA and Gold:
Interviewed at King World News, Michael Oliver of MSA Research says that gold has been rising in recent months without any weakness in the U.S. dollar, and now the dollar index is breaking down, which, he expects, will elevate gold and gold mining stocks even more. The interview is 14 minutes long and can be heard at KWN here:
And they scoff that gold doesn't pay interest, though leasing it does
Submitted by cpowell on Sat, 2019-06-22 10:47 Section: Daily DispatchesThe World Now Has $13 Trillion of Debt With Below-Zero Yields
By Adam Haigh
Bloomberg News
Thursday, June 20, 2019
The universe of negative-yielding bonds grew about $1.2 trillion this week after dovish messages from central banks in Europe and the U.S., pushing the total past $13 trillion for the first time.
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