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Daily Dispatches
Alasdair Macleod: A year in review for gold and silver
Submitted by admin on Mon, 2024-12-30 12:35 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, December 27, 2024
Gold rose and silver rose moderately in quiet trading during Christmas week. In early morning European trading today, spot gold was $2627, up $34 from last Friday’s close and silver at $29.70 was up 20 cents.
Inspector general questions origin of gold used by U.S. Mint
Submitted by admin on Sun, 2024-12-29 14:45 Section: Daily DispatchesBy Paul Gilkes
Coin World, Sidney, Ohio
Saturday, December 28, 2024
During its most recent audit of the United States Mint's processes and control over gold bullion acquisition for bullion and numismatic programs, the Treasury Department's Office of Inspector General found "that the Mint cannot ensure most gold coins produced are minted from newly mined U.S. gold in compliance with the Gold Bullion Coin Act of 1985 and the Presidential $1 Coin Act of 2005."
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Submitted by admin on Sat, 2024-12-28 17:57 Section: Daily Dispatches5:56p ET Saturday, December 29, 2024
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
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Fed Chairman Burns admitted gold's competition with dollar but his latest successor lies about it
Submitted by admin on Sat, 2024-12-28 17:07 Section: Daily Dispatches5:13p ET Saturday, December 28, 2024
Dear Friend of GATA and Gold:
In his essay this week marking the 50th anniversary of the re-legalization of monetary gold in the United States in 1974 --
https://stuartenglert.substack.com/p/a-toast-to-50-years-of-legalized
-- researcher and author Stuart Englert noted the opposition by Arthur Burns, then chairman of the Federal Reserve Board.
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In year-end review, mining entrepreneur Eric Sprott thinks banks will 'get out of the way' in 2025
Submitted by admin on Fri, 2024-12-27 23:06 Section: Daily Dispatches11:06p ET Friday, December 27, 2024
Dear Friend of GATA and Gold:
In Sprott Money's year-end review, Craig Hemke interviews mining entrepreneur Eric Sprott about signs of extreme tightness in the physical gold market, the naked shorting of junior mining shares in Canada, and his belief that the bullion banks will "get out of the way" of gold and silver prices in the new year.
They also discuss the prospects for six mining companies of which Sprott has a good opinion.
The discussion is 57 minutes long and can be viewed at YouTube here:
Stuart Englert: A toast to 50 years of legalized gold
Submitted by admin on Fri, 2024-12-27 12:05 Section: Daily DispatchesBy Stuart Englert
Friday, December 27, 2024
Gold enthusiasts can celebrate a golden anniversary on New Year’s Eve and simultaneously mark a market manipulation milestone.
Fifty years ago, President Gerald R. Ford legalized private gold ownership, allowing Americans once again to stack the regal metal as a wealth-preserving asset and safe haven against monetary inflation and dollar depreciation. Gold futures trading and market meddling also began in the United States a half-century ago.
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Support GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Thu, 2024-12-26 10:50 Section: Daily Dispatches10:49a ET Thursday, December 26, 2024
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
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The South African gold mines taken over by criminal gangs
Submitted by admin on Thu, 2024-12-26 10:44 Section: Daily DispatchesBy Monica Mark
Financial Times, London
Thursday, December 26, 2024
Down a shaft that plunged more than a mile below the earth in South Africa's old mining heartland, a man's life hung in the balance.
After weeks working -- then later, trapped and starved by violent gang leaders -- in the abandoned Buffelsfontein gold mine in Stilfontein, he clung weakly to a makeshift pulley winching him to safety this month. Above ground, a dozen men strained under the blistering morning sun, lifting the miner out inch by tenuous inch.
Australian gold miner makes $443 million claim against Ghana in international court
Submitted by admin on Wed, 2024-12-25 09:40 Section: Daily DispatchesBy Eryk Bagshaw and Edward Adeti
Sydney Morning Herald
Wednesday, December 25, 2024
An Australian mining company has filed a claim for $443 million against the Ghanaian government for multiple contract breaches that resulted in it losing the entire value of its gold mine in west Africa.
Support GATA financially and get a 1-ounce silver round commemorating the organization's work
Submitted by admin on Wed, 2024-12-25 09:26 Section: Daily Dispatches9:23a ET Wednesday, December 25, 2024
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
... Dispatch continues below ...
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USA Gold: Coins and Bullion Since 1973
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