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Daily Dispatches

Grant Williams' documentary examining gold price manipulation is posted at YouTube

Section: Daily Dispatches

9:13p ET Sunday, November 3, 2024

Dear Friend of GATA and Gold:

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price manipulation and was posted Friday in the clear at YouTube.

Gold revaluation is a process already underway, not a future event, Maguire says

Section: Daily Dispatches

11:59p Saturday, November 2, 2024

Dear Friend of GATA and Gold:

Gold revaluation is a process that is already underway, not some event to happen in the future, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program. Quite apart from anything discussed at their recent conference in Kazan, Russia, the BRICs nations, Maguire says, already have adequate mechanisms for trading without the U.S. dollar and for sanctions-proofing themselves, and those mechanisms involve gold.

Robert Lambourne: BIS gold swaps fell from 157 tonnes in August to 112 in September

Section: Daily Dispatches

By Robert Lambourne
Saturday, November 2, 2024

The September statement of account for the Bank for International Settlements was published this week -- 

https://www.bis.org/banking/balsheet/statofacc240930.pdf

--  and it indicates that the volume of gold swaps undertaken by the BIS fell from 157 tonnes at month-end in August to 112 tonnes at month-end in September, a decline of 45 tonnes or almost 29%.

Cyrille Jubert: A massive short squeeze on gold?

Section: Daily Dispatches

By Cyrille Jubert
GoldBroker, London
Monday, October 28, 2024

For those uninitiated in finance, a "short squeeze" refers to a situation where an individual or legal entity sells an asset in the future without owning it first, in the hope of buying it back later at a lower price in order to make a profit. 

Gold surge adds glitter to tarnished miners

Section: Daily Dispatches

By Edward Chancellor
Reuters
Thursday, October 31, 2024

LONDON -- "All roads lead to inflation," Paul Tudor Jones recently told CNBC. The veteran hedge fund manager believes government debt is on an unsustainable path and is therefore buying bitcoin, gold and other commodities. 

VP candidate Vance says he agrees with Ron Paul on curtailing Fed's power

Section: Daily Dispatches

From EconoTimes, Seoul, South Korea
Sunday, October 27, 2024

U.S. Sen. J.D. Vance has publicly aligned himself with former U.S. Rep.'s staunch critique of the Federal Reserve, signaling a significant ideological turn within the Republican Party. 

At Sprott Money, GATA secretary reviews the month for gold and silver

Section: Daily Dispatches

3:53p ET Wednesday, October 30, 2024

Dear Friend of GATA and Gold:

Your secretary/treasurer was interviewed yesterday by Craig Hemke for Sprott Money's monthly review for October, discussing gold buying by central banks, the gradual shift away from the U.S. dollar by the BRICs nations and others, and what he sees as the inevitable devaluation of major currencies and the corresponding increase in monetary metals prices.

The interview is 22 minutes long and can be found at Sprott Money here:

India's central bank repatriates more gold reserves, 60% now held domestically

Section: Daily Dispatches

By Dipak Mondal
The New Indian Express, Chennai
Tuesday, October 29, 2024

https://www.newindianexpress.com/business/2024/Oct/30/rbi-brings-back-102-tonnes-gold-from-boe-60-per-cent-reserves-in-india

NEW DELHI -- Between March and September the Reserve Bank of India brought back to India another 102 tonnes of gold, which were kept in safe custody at the Bank of England and the Bank for International Settlements.

The writing on the floor

Section: Daily Dispatches

Mene, mene, tekel, upharsin.

* * *

By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, October 29, 2024

The universe seems to know the dollar is in trouble. 

During a recent news conference, a reporter asked Treasury Secretary Janet Yellen, "How concerned are you about the potential impact of the dollar's status as the world reserve currency?"

Before the reporter could finish the question, the Treasury Department seal fell off the podium and hit the floor with a loud series of thuds.

BIS debates ending project eyed by Putin for undermining dollar

Section: Daily Dispatches

By Bastian Benrath-Wright, Mark Schroers, and Jana Randow
Bloomberg News
Monday, October 28, 2024 

The Bank for International Settlements is debating whether to shut down a pilot cross-border payments platform after Russia's President Vladimir Putin identified the underlying technology as a tool to circumvent sanctions and potentially undermine the dollar's dominance in the global financial system.

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