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Daily Dispatches
Oleg Nesterenko: The war in Ukraine is the war for the dollar
Submitted by admin on Fri, 2023-07-14 12:19 Section: Daily DispatchesFrom Donbass Insider
via L'Eclaireur des Alpes, Grenoble, France
and Monthly Review, New York
Thursday, July 13, 2023
This is the second of three parts of an interview given by Oleg Nesterenko, president of the Centre de Commerce et de l'Industrie Europeen (European Trade and Industry Center) in Paris, to the publication L'Eclaireur des Alpes. This part looks at the real reasons behind the war in Ukraine, which is really a war for the dollar -- the third, to be precise.
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UAE suspends gold refiner on owners' alleged laundering link
Submitted by admin on Fri, 2023-07-14 12:00 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Friday, July 14, 2023
The United Arab Emirates suspended the accreditation of one of its biggest gold refineries over concerns that its owners had ties to alleged money launderers.
Emirates Gold DMCC -- which has operated in Dubai for more than 30 years -- was last week suspended from the UAE's Good Delivery List, according to a government website.
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Alasdair Macleod: The bell tolls for fiat
Submitted by admin on Thu, 2023-07-13 11:58 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 13, 2023
The importance of Russia's announcement that a new gold-backed trade currency is on the BRICS meeting agenda for August 22—24 in Johannesburg seems to have gone completely over everyone's heads, with mainstream media not even reporting it.
Brien Lundin: Central banking's end game is here, so join us in New Orleans
Submitted by admin on Wed, 2023-07-12 18:19 Section: Daily DispatchesYou'll join GATA's Bill Murphy and Chris Powell.
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6:23p ET Wednesday, July 12, 2023
Dear Friend:
I’m writing you today with excitement and urgency -- because we’ve just opened registration for this year's New Orleans Investment Conference, to be held Wednesday through Saturday, November 1-4, and it may be the most eagerly awaited event in our 49-year history.
Here’s why: The end game Is here.
Craig Hemke at Sprott Money: Looking for a low in gold and silver
Submitted by admin on Tue, 2023-07-11 21:07 Section: Daily Dispatches9:07p ET Tuesday, July 11, 2023
Dear Friend of GATA and Gold:
Writing at Sprott Money tonight, Craig Hemke of the TF Metals Report sees signs that monetary metals prices are bottoming along with shares of gold and silver mining companies.
Hemke's analysis is headlined "Looking for a Low" and it's posted at Sprott Money here:
Bangladesh and India to begin bilateral trade in rupees tomorrow
Submitted by admin on Mon, 2023-07-10 20:12 Section: Daily DispatchesBy AKM Zamir Uddin
The Daily Star, Dhaka, Bangladesh
Sunday, July 9, 2023
Bangladesh is set to join a global effort that is seeking to cut over-dependence on the U.S. dollar when it comes to settling foreign trades as the country commences to use the rupee to carry out bilateral transactions with India from July 11.
The move may extend some respite to importers since they will be able to open letters of credit in the rupee to source a portion of the products from the neighbouring country, thus cutting the use of the U.S. dollar to some extent.
More than 700 Civil War-era gold coins discovered in Kentucky cornfield
Submitted by admin on Mon, 2023-07-10 19:47 Section: Daily DispatchesBy Chris Knight
National Post, Toronto
Monday, July 10, 2023
A man in Kentucky has harvested a fortune in gold from his cornfield, after stumbling across a cache of more than 700 gold coins dating back to the U.S. Civil War era.
The man, whose name and location have not been revealed, can be heard on a short video breathlessly exclaiming "this is the most insane thing ever" while digging the coins out of the dirt.
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Ed Steer: Precious metals jump but are capped again
Submitted by admin on Mon, 2023-07-10 18:25 Section: Daily Dispatches6:25p ET Monday, July 10, 2023
Dear Friend of GATA and Gold (and Silver):
The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "The Precious Metals Jump Higher But Are Capped Once Again" and it's posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/precious-metals-jump-higher-are-capped-once-again
Gold swaps and Bank of England's custodial gold inventory decline
Submitted by admin on Mon, 2023-07-10 10:45 Section: Daily DispatchesA little more journalism would ask the New York Fed about any changes in its own custodial gold inventory -- not that any answer would necessarily be truthful.
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Central Banks Move Gold Back Home After Freeze on Russian Assets
By Arjun Neil Alim and Harry Dempsey
Financial Times, London
Monday, July 10, 2023
Countries are repatriating gold in response to sanctions against Russia, study finds
Submitted by admin on Sun, 2023-07-09 22:51 Section: Daily DispatchesBy Marc Jones
Reuters
Monday, July 10, 2023
LONDON -- More countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published today.
The financial market rout last year caused widespread losses for sovereign money managers who are "fundamentally" rethinking their strategies on the belief that higher inflation and geopolitical tensions are here to stay.
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