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Daily Dispatches
Michael Howell: Is QE returning by stealth?
Submitted by admin on Wed, 2022-12-28 20:16 Section: Daily DispatchesBy Michael Howell
Financial Times, London
Wednesday, December 28, 2022
https://www.ft.com/content/64b3d0b6-e0be-4e8c-9b20-c595428267d5
It has been a bleak year for many investors. Global investors have lost $23 trillion of wealth in housing and financial assets so far in 2022, according to my estimates. That is equivalent to 22% of global gross domestic product and uncomfortably exceeds the lesser $18 trillion of losses suffered in the 2008 financial crisis.
India's central bank was top gold buyer from April 2020 to Sept. 2022
Submitted by admin on Tue, 2022-12-27 09:23 Section: Daily DispatchesFrom Adda24/7
Gurugram, India
Monday, December 26, 2022
With 132.34 metric tonnes of gold purchased, the Reserve Bank of India has emerged as the largest buyer of the yellow metal among central banks between April 2020 and September 2022.
The RBI was the top gold buyer among its peers in 2020 while it stood third in 2021. In 2020 it bought 41.68 MT of gold, while in 2021 and 2022 (till September end) it bought 77.5 MT and 31.25 MT respectively.
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Euro is forecast to be worth less than a dollar after Lagarde's 'kamikaze' rate rises
Submitted by admin on Sun, 2022-12-25 16:57 Section: Daily DispatchesBy Szu Ping Chan
The Telegraph, London
Sunday, December 25, 2022
The euro will collapse below parity with the dollar next year as the European Central Bank "kamikaze" rate rises backfire and a scramble for energy supplies pushes the bloc into a prolonged economic downturn, City economists have said.
JP Morgan, ING, Capital Economics, and Barclays all believe the single currency will drop below parity against the dollar within months to a fresh 20-year low.
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Has Russia's invasion of Ukraine doomed the dollar?
Submitted by admin on Sat, 2022-12-24 18:03 Section: Daily DispatchesBy Robert G. Rabil
The National Interest, Washington
Friday, December 23, 2022
Russia's invasion of Ukraine has undoubtedly ended the post-Cold War era. Although many countries have condemned Russia's invasion, the majority of them have not sanctioned Russia.
Metals trader Andrew Maguire interviewed on UK network by Nigel Farage
Submitted by admin on Fri, 2022-12-23 23:09 Section: Daily Dispatches11:08p ET Friday, December 24, 2022
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire was interviewed this week on Nigel Farage's program on the GBN network in the United Kingdom, discussing gold market manipulation and what he sees gold's superior qualities as money.
The interview is 10 minutes long and can be viewed at YouTube here:
Japan's Christmas bombshell risks setting off another European credit crunch
Submitted by admin on Fri, 2022-12-23 22:42 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, December 23, 2022
Japan is the world’s top creditor with $3.6 trillion (L3 trillion) of net assets overseas. It is the marginal buyer of British, eurozone, and American debt, and a central pillar of the international bond market.
Court tosses out lawsuit by LME traders for disclosures on nickel debacle
Submitted by admin on Fri, 2022-12-23 22:36 Section: Daily DispatchesBy Harry Dempsey
Financial Times, London
Friday, December 23, 2022
A London court has dismissed a case by hedge fund AQR Capital Management and other market participants against the London Metal Exchange, relieving the bourse from a request to disclose further information about its March decision to cancel billions dollars worth of nickel trades.
Alasdair Macleod: Inflation, recession, and declining U.S. hegemony
Submitted by admin on Thu, 2022-12-22 11:32 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 22, 2022
In the distant future we might look back on 2022 and 2023 as pivotal years.
So far we have seen the conflict between America and the two Asian hegemons emerge into the open, leading to a self-inflicted energy crisis on the western alliance. The 40-year trend of declining interest rates has ended, replaced by a new rising trend, the full consequences and duration of which are as yet unknown.
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Russian gold was removed from some Western funds after Ukraine war
Submitted by admin on Thu, 2022-12-22 10:42 Section: Daily DispatchesBy Peter Hobson
Reuters
Wednesday, December 21, 2022
LONDON -- Hidden inside high-security bank vaults in London, Zurich, and New York, billions of dollars' worth of gold of Russian origin has quietly changed hands in recent months in response to Moscow's invasion of Ukraine.
Data from 11 Western investment funds show that Russian bullion worth a total of $2.2 billion at current prices was removed from their accounts between July and November.
Funds storing gold have shrunk in recent months as rising interest rates triggered disinvestment from bullion.
Suddenly everyone is hunting for alternatives to the U.S. dollar
Submitted by admin on Thu, 2022-12-22 10:22 Section: Daily DispatchesDidn't the world once use some kind of metal with monetary properties? Is that still around?
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By Michelle Jamrisko and Ruth Carson
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, December 21, 2022
King Dollar is facing a revolt.
Tired of a too-strong and newly weaponized greenback, some of the world’s biggest economies are exploring ways to circumvent the US currency.
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