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Daily Dispatches
China's Q1 gold consumption jumped 93.9% over last year, trade association says
Submitted by admin on Fri, 2021-04-30 11:23 Section: Daily DispatchesBy Min Zhang and Shivani Singh
Reuters
via Nasdaq.com, New York
Friday, April 30, 2021
BEIJING -- China's gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said today.
Consumption in China in the first quarter stood at 288.2 tonnes, compared with 148.63 tonnes a year ago, the association said in a statement on its website.
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Pam and Russ Martens: Equity derivative contracts held by federally-insured banks have exploded
Submitted by admin on Fri, 2021-04-30 11:13 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, April 30, 2021
Brien Lundin: The New Orleans Investment Conference is returning -- in person
Submitted by admin on Thu, 2021-04-29 20:14 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter, Metairie, Louisiana
Thursday, April 29, 2021
It's been an open secret in the industry, but we're hard at work planning to host this year's New Orleans Investment Conference in person.
https://neworleansconference.com/
Enough of this pandemic craziness -- we can't wait to meet you face-to-face, shake hands, have a few hugs, and catch up like we just can't do in a virtual setting.
Former U.S. Mint director says gold and silver shorts can't be covered with metal
Submitted by admin on Thu, 2021-04-29 19:38 Section: Daily Dispatches7:34p ET Thursday, April 29, 2021
Dear Friend of GATA and Gold:
Getting dangerously close to relevance, Kitco News Editor-in-Chief Michelle Makori today induces former U.S. Mint Director Ed Moy to say that gold and silver supplies are extremely tight but gold and silver futures positions are "artifically depressing" prices. Moy adds that "paper" gold and silver are extremely leveraged and can't possibly be covered by real metal.
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Tanzania gold refinery starts producing in drive to boost revenue
Submitted by admin on Thu, 2021-04-29 19:07 Section: Daily DispatchesFrom Reuters
via Yahoo News, Sunnyvale, California
Thursday, April 29, 2021
DAR ES SALAAM, Tanzania -- A new gold refinery set to be the biggest in Tanzania has begun production in a step towards the government's aim of processing more of the precious metal domestically.
Africa's fourth-biggest gold producer and home to industrial gold mines run by Barrick, AngloGold Ashanti, and others, Tanzania has been trying to formalise subsistence gold mining and develop refineries to generate more revenue from the sector.
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Dominic Frisby: China owns a lot more gold than it's letting on -- and here's why
Submitted by admin on Thu, 2021-04-29 14:10 Section: Daily DispatchesBy Dominic Frisby
Money Week, London
Wednesday, April 21, 2021
It has been clear for some time that China has designs on the US dollar’s global reserve currency status. For China, this is simply a return to its rightful position on top of the world. To us Western usurpers, the implications of this are just enormous.
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GATA Chairman Murphy interviewed by Belgian bullion dealership
Submitted by admin on Thu, 2021-04-29 12:13 Section: Daily Dispatches11:58a ET Thursday, April 29, 2021
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed this week by Johnny Verkuringen, chief executive of the European Gold Standard bullion dealership in Belgium (https://www.europesegoudstandaard.be/nl), discussing gold market manipulation by governments and investment banks and GATA's work against it.
The interview is 16 minutes long and can be viewed at YouTube here:
Royal Mint unveils giant L10,000 gold coin
Submitted by admin on Thu, 2021-04-29 12:01 Section: Daily DispatchesFrom the Press Association
via The Guardian, London
Thursday, April 29, 2021
The Royal Mint has produced a 10-kilogram (22-pound) gold coin, the biggest in its 1,100-year history. It took 400 hours to produce the coin -- described by the Mint as a “masterwork” -- including four days of polishing.
The coin has already been sold. The Mint did not give details about the sale or buyer, but said a coin of this calibre and craftsmanship would be priced in the region of six figures.
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USAGold's 'News & Views' letter for May
Submitted by admin on Thu, 2021-04-29 11:55 Section: Daily Dispatches11:55a ET Thursday, April 29, 2021
Dear Friend of GATA and Gold:
USAGold's May "News & Views" letter deals with "preppers" who are wealthy and respectable people and don't wear tinfoil hats, the prospects for silver, China's rebounding appetite for gold, the inadequacy of official inflation data, and more. It's posted in the clear at USAGold here:
Weaponizing the dollar risks duplication of Sterling's decline, study says
Submitted by admin on Thu, 2021-04-29 11:43 Section: Daily DispatchesBy Craig Stirling
Bloomberg News
Thursday, April 29, 2021
U.S. officials leveraging the dollar's dominance as a reserve currency to wield influence should heed the lessons of the Sterling area's decline, according to a newly published study.
The paper, released this month by the Centre for Economic History at Queen's University Belfast, looks at how international monetary leadership can end by chronicling the disintegration of the pound's hold on the global economy in the decades after World War II.
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