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Daily Dispatches
Ronan Manly: LBMA silver inventories near 6-year low, falling below 1 billion ounces
Submitted by admin on Wed, 2022-08-03 10:04 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, August 3, 2022
One trend in the precious metals markets that has yet to get widespread coverage but deserves more attention is the plummeting inventories of physical silver in the London vaults of the London Bullion Market Association.
These LBMA vaults comprise vaults in and around London run by the bullion banks JP Morgan, HSBC, and ICBC Standard Bank, as well as the London vaults of three security operators, Brinks, Malca-Amit, and Loomis, the London sub-Billion Market Association.
Another gold fund for the politically correct -- and the bullion banks
Submitted by admin on Tue, 2022-08-02 15:20 Section: Daily DispatchesSome discouraging disclosure from the company, admitting that the fund will operate just like GLD as the tool of the bullion banks:
https://www.sprott.com/media/5525/sesg-factsheet.pdf
"Shares are not individually redeemable. Investors buy and sell shares of the Sprott ESG Gold ETF on a secondary market. Only market makers or 'authorized participants' may trade directly with the fund, typically in blocks of 50,000 shares."
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Sprott Launches First ESG Gold ETF
GATA's Ed Steer discusses markets with WAAM-AM1600's Dave Janda
Submitted by admin on Tue, 2022-08-02 15:00 Section: Daily Dispatches3p ET Tuesday, August 2, 2022
Dear Friend of GATA and Gold:
GATA board member Ed Steer, publisher of Ed Steer's Gold & Silver Digest, discusses the prospects for the monetary metals markets, as well as the threat of what he calls "the new Great Depression," with talk show host Dave Janda of WAAM-AM1600 in Ann Arbor, Michigan. The interview is 24 minutes long and can be heard here:
Join GATA as the New Orleans Investment Conference returns spectacularly
Submitted by admin on Tue, 2022-08-02 14:51 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022
As a serious investor, you’re well aware of the unique challenges presented by today’s markets.
-- Central banks -- led by the Federal Reserve -- intent to fight off rising inflation with rate hikes.
-- The markets responding with massive selloffs, sending a clear message to the Fed to lay off.
... Dispatch continues below ...
Jan Nieuwenhuijs: Turkish central bank sends gold back to London, likely to secure FX loans
Submitted by admin on Tue, 2022-08-02 14:38 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainsville Coins
Lutz, Florida
Tuesday, August 2, 2022
After having repatriated 104 tonnes from the Bank of England in 2018, the Central Bank of Turkey sent gold back to London in 2020 and 2021.
Amid economic turmoil that has been weakening the Turkish lira, the central bank is likely using its gold at Bank of England as collateral for foreign exchange loans.
Turkey's situation is reminiscent of Venezuela several years ago. ...
... Dispatch continues below ...
Success of first Zimbabwe gold coin sale prompts second offering
Submitted by admin on Mon, 2022-08-01 11:24 Section: Daily DispatchesBy Ray Ndlovu
Bloomberg News
Monday, August 1, 2022
Zimbabwe's central bank will offer 2,000 more gold coins to the public, a week after an initial sale saw "favorable uptake."
The bank sold 1,500 gold coins during the first week of their release into the market, Governor John Mangudya said today in an emailed statement. They are sold in local and foreign currencies by banks and approved dealers in the country.
... Dispatch continues below ...
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Gold investors are in a bind over bars from tarnished Russia
Submitted by admin on Mon, 2022-08-01 10:05 Section: Daily DispatchesBy Peter Hobson
Reuters
Monday, August 1, 2022
LONDON -- Some investors want Russian gold off their books but it's not that easy to remove.
A de-facto ban on Russian bullion minted after Moscow's invasion of Ukraine -- instigated by the London market in early March -- does not apply to hundreds of tonnes of gold that have been sitting in commercial vaults since before the conflict started.
From profits to pay, JPMorgan's gold secrets spill out in court
Submitted by admin on Sun, 2022-07-31 18:41 Section: Daily DispatchesAs of 2010, the bank vaulted gold for at least 10 central banks, court documents showed.
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By Eddie Spence and Jack Farchy
Bloomberg News
Sunday, July 31, 2022
https://www.bloomberg.com/news/articles/2022-07-31/from-profits-to-pay-j...
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Sat, 2022-07-30 12:28 Section: Daily Dispatches12:27p ET Saturday, July 30, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
Join GATA as the New Orleans conference returns in a big way
Submitted by admin on Sat, 2022-07-30 12:23 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022
As a serious investor, you’re well aware of the unique challenges presented by today’s markets.
-- Central banks -- led by the Federal Reserve -- intent to fight off rising inflation with rate hikes.
-- The markets responding with massive selloffs, sending a clear message to the Fed to lay off.
... Dispatch continues below ...
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