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Daily Dispatches
Merryn Somerset Webb: How much damage have central bankers done? A lot
Submitted by admin on Fri, 2023-12-22 11:06 Section: Daily DispatchesBy Merryn Somerset Webb
Bloomberg News
Friday, December 22, 2023
What's Christmas without a fight about money, a lunch-table villain and a really good book? For those who haven't yet finished their present shopping I have some suggestions that will give you all three in one happy package.
First up, someone must have a copy of "You Always Hurt the One You Love: Central Bankers and the Murder of Capitalism" by Bernard Connolly.
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FT promotes silver, but maybe just to divert interest in gold
Submitted by admin on Fri, 2023-12-22 09:05 Section: Daily DispatchesFive Gold Rings? I'd Rather Have Silver
By Moira O'Neill
Financial Times, London
Friday, December 22, 2023
All I want for Christmas is silver, copper, and uranium rings ... plus, maybe, some recycled gold.
When gold plunged to $1,355 in April 2013 financial advisers lined up to warn me that the metal was "just speculation" and "not a traditional investment" because it didn't pay an income.
Alasdair Macleod: Free banking -- myth and reality
Submitted by admin on Thu, 2023-12-21 16:36 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 21, 2023
Surely it is now apparent that central banks are guilty of mismanaging the economy. By slashing interest rates to zero and in some cases to an unnatural minus figure, then flooding financial systems with currency-equivalent credit conjured out of nothing, followed by rapidly increasing interest rates in an attempt to stem the consequences, central banks have bankrupted themselves and much of their entire economies.
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Sound money movement struck gold in many states in 2023
Submitted by admin on Thu, 2023-12-21 16:24 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Thursday, December 21, 2023
Against the backdrop of high inflation and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money.
With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States.
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Gold retailer Kitco's website disrupted in cybersecurity incident
Submitted by admin on Wed, 2023-12-20 22:56 Section: Daily DispatchesBy Joe Deaux
Bloomberg News
via BNN Bloomberg, Toronto
Tuesday, December 19, 2023
The website for Kitco Metals Inc., a North American precious metals retailer that also refines gold, continued to be disrupted Wednesday after a cyber incident temporarily disabled the site and online store.
The hedge fund traders dominating a massive bet on bonds
Submitted by admin on Wed, 2023-12-20 19:51 Section: Daily DispatchesBy Nishant Kumar, Donal Griffin, and William Shaw
Bloomberg News
via BNN Bloomberg, Toronto
Tuesday, December 19, 2023
Jonathan Hoffman, John Bonello, and Jonathan Tipermas share more than just similar first names. They're the driving force behind a gigantic wager on government debt that's been giving regulators sleepless nights.
GATA's consultant on BIS, Robert Lambourne, explains gold swaps
Submitted by admin on Wed, 2023-12-20 19:34 Section: Daily Dispatches7:35p ET Wednesday, December 20, 2023
Dear Friend of GATA and Gold:
Chris Marcus of Arcadia Economics this week interviewed GATA's consultant on the Bank for International Settlements about the bank's heavy and largely surreptitious intervention in the gold market via gold swaps on behalf of the bank's central bank members.
Lambourne reports regularly via GATA on the BIS' swaps, which are obliquely reported in the bank's monthly reports. His most recent report is here:
GoldSeek Radio's Waltzek and GATA's Murphy review gold's volatility
Submitted by admin on Wed, 2023-12-20 19:22 Section: Daily Dispatches7:20p ET Wednesday, December 20, 2023
Dear Friend of GATA and Gold:
GoldSeek Radio's Chris Waltzek interviews GATA Chairman Bill Murphy about the increasing volatility -- and seemingly upside pressure -- in gold. The interview is not quite 12 minutes long and can be heard at GoldSeek here:
https://goldseek.com/article/goldseek-radio-nugget-bill-murphy-gold-market-volatility
LME plans new metals contracts using Shanghai prices, sources tell Reuters
Submitted by admin on Tue, 2023-12-19 08:56 Section: Daily DispatchesBy Pratima Desai and Siyi Liu
Reuters
Monday, December 18, 2023
The London Metal Exchange is planning to launch new metals contracts using prices from the Shanghai Futures Exchange, three industry sources familiar with the matter said, increasing China's influence on global metals markets.
Collaboration between the 146-year-old LME and ShFE was mentioned briefly by LME's Chief Executive Matthew Chamberlain in October at the annual LME Week dinner, without any detail.
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Dow Jones is still far from record when priced in gold, Peter Schiff says
Submitted by admin on Mon, 2023-12-18 20:39 Section: Daily DispatchesFrom Schiff Gold, White Plains, New York
Monday, December 18, 2023
The Dow Jones index hit record highs last week. But when you price the index in real money -- gold -- it remains far below record levels.
Last week the Dow closed above 37,000 for the first time. On Friday it set a record of 37,305. But during his podcast, Peter Schiff put that record into context.
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