Daily Dispatches

By Alasdair Macleod
Head of Research, GoldMoney
via Schiff Gold, White Plains, New York
Thursday, September 28, 2023

With the Asian hegemons undoubtedly able to introduce gold standards, where does that leave the dollar?

This article describes just how precarious the fiat dollar's position has become. For now the dollar appears to be buoyed up by rising bond yields. However, as they rise further, portfolio losses for foreign investors are likely to increase, leading to dollar liquidation. 

By Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Tuesday, September 26, 2023

China is suddenly full of gold bugs.

It's a flight to safety familiar to students of economic stress.

"With the yuan falling, the property market slumping and capital controls keeping money from leaving the country, investors are buying gold," Bloomberg economists David Qu and Chang Shu wrote in a report.

The spread between the domestic and international price for the precious metal is at a decade high; Chinese consumers are racing for safety as they see their assets dwindle

By He Huifeng
South China Morning Post, Hong Kong
Tuesday, September 26, 2023

With the yuan weak, housing in the doldrums and stocks as insecure as ever, China's working and middle class are turning to one investment option that is regaining some shine: gold.

By James G. Rickards
The Daily Reckoning, Baltimore
Monday, September 25, 2023

When I talk about the war on cash and a cashless society, some people think I'm exaggerating the threat or they don't take it seriously.

But I'm not exaggerating the threat. It's here, it's growing, and it'll only get worse. Today I'll show you the latest example.

The proponents of the cashless society cite convenience as a major benefit. Why bother having to tote a bunch of cumbersome cash and coins around when you can just swipe a card or pay with your smartphone?