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Daily Dispatches
U.S. dollar's share of FX reserves steady in Q1, euro's share falls
Submitted by admin on Thu, 2022-06-30 13:14 Section: Daily DispatchesBy Gertrude Chavez-Dreyfuss
Reuters
via U.S. News and World Report, Washington
Thursday, June 30, 2022
NEW YORK -- The U.S. dollar's share of currency reserves reported to the International Monetary Fund was 58.8% in the first quarter, unchanged from that of the last three months of 2021, IMF data showed on Thursday.
The greenback remains the largest-held currency reserve by global central banks.
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When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Thu, 2022-06-30 13:11 Section: Daily Dispatches1:10p ET Thursday, June 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.
Alasdair Macleod: Inflation, recession, and new currencies
Submitted by admin on Thu, 2022-06-30 12:50 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, June 30, 2022
Central bankers are trying to steer markets away from higher interest rates, citing growing evidence of the harm they are doing to economic growth. Quantitative tightening is dead on arrival.
USAGold's 'News & Views' letter for July is published
Submitted by admin on Thu, 2022-06-30 11:37 Section: Daily Dispatches11:34a ET Thursday, June 30, 2022
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for July, published today, contains its usual collection of insightful observations about the financial markets and especially gold, some of them recognizing "financial repression" and the like. It's posted in the clear here:
https://www.usagold.com/nv1043july2022/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Because of GATA, Russia long has known about gold manipulation, Murphy says
Submitted by admin on Wed, 2022-06-29 14:54 Section: Daily Dispatches2:50p ET Wednesday, June 29, 2022
Dear Friend of GATA and Gold:
Interviewed by Chris Marcus of Arcadia Economics, GATA Chairman Bill Murphy notes that the Russia government has known about gold and silver market manipulation for many years, in part because of GATA's work.
The interview is 18 minutes long and can be viewed at YouTube here:
Pam and Russ Martens: JPMorgan, Citibank hold 90% of all gold and other precious metals derivatives held by U.S. banks
Submitted by admin on Wed, 2022-06-29 11:39 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, June 29, 2022
Bolivia's central bank plans to put gold reserves at risk
Submitted by admin on Mon, 2022-06-27 21:23 Section: Daily DispatchesBolivia's Central Bank Will Invest Gold Reserves in International Markets
By Walter Vasquez
El Deber
Santa Cruz de la Sierra, Bolivia
Sunday, May 15, 2022
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Mon, 2022-06-27 20:38 Section: Daily Dispatches8:37p ET Monday, June 27, 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.
Zimbabwe to introduce gold coins to offer escape from soaring inflation
Submitted by admin on Mon, 2022-06-27 20:34 Section: Daily DispatchesGood grief, People! You're sitting on huge gold reserves. Make your paper money convertible to gold at a fixed rate and hold the rate. It won't be so hard when you can mine your own money. The rest of the world won't help you, and shouldn't help you when you so easily can help yourself.
* * *
From The Herald
Harare, Zimbabwe
Monday, June 27, 2022
Ban on gold imports from Russia seen as 'largely symbolic'
Submitted by admin on Mon, 2022-06-27 00:22 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Sunday, June 26, 2022
The plan by some Group of Seven nations to ban new gold imports from Russia is "largely symbolic" as flows have already been restricted by sanctions, according to analysts.
The U.S., U.K., Japan, and Canada plan to announce the ban during the G-7 summit that started Sunday in Germany.
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