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Daily Dispatches
Robert Lambourne: Larry Summers' new study finds inflation is as bad as in the '80s
Submitted by admin on Sat, 2022-06-18 19:53 Section: Daily DispatchesBut today's U.S. debt burden is far worse, and so interest rate increases are far more dangerous.
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By Robert Lambourne
Saturday, June 18, 2022
This month the National Bureau of Economic Research, based in Cambridge, Massachusetts, published a study titled “Comparing Past and Present Inflation":
https://www.nber.org/system/files/working_papers/w30116/w30116.pdf
And:
When buying gold or silver, please consider the dealers who support GATA
Submitted by admin on Sat, 2022-06-18 19:45 Section: Daily Dispatches7:43p ET Saturday, June 18, 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.
Despite its negative rate, Swiss franc viewed as better than gold to beat inflation
Submitted by admin on Fri, 2022-06-17 16:02 Section: Daily DispatchesBy Helen Cahill
The Telegraph, London
Friday, June 17, 2022
The Swiss franc is now a better hedge against spiralling inflation than gold, according to bank analysts.
Deutsche Bank has said the Swiss franc is "better than gold" as a safe haven amid the cost-of-living crisis after the Swiss National Bank delivered a surprise 50 basis-point hike in interest rates.
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Pam and Russ Martens: Crypto and blockchain have been shams all along
Submitted by admin on Fri, 2022-06-17 11:34 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, June 17, 2022
Crypto pushers hired themselves Trump's outgoing SEC Chairman, Jay Clayton; a boatload of celebrities like Matt Damon, LeBron James, Spike Lee, Tom Brady, and Alec Baldwin, among numerous others; and high-priced lobbyists to sway Congress and state legislatures to back off any regulatory push. Crypto even slapped its name on sports stadiums and arenas -- similar to Enron and Citigroup just before they blew up from specious business models.
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Alasdair Macleod: A perfect storm in banking is brewing
Submitted by admin on Thu, 2022-06-16 11:00 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, June 16, 2022
Now that interest rates are rising with much further to go, the global banking system faces a crisis on a scale like no other in history. Central banks loaded with financial securities acquired through quantitative easing face growing losses, and their balance sheet liabilities are now significantly greater than their assets -- a condition that in the private sector is termed bankruptcy. They will need to be recapitalised urgently to retain credibility.
Yikes! Gold and silver market rigging gets acknowledged at PDAC
Submitted by admin on Wed, 2022-06-15 23:49 Section: Daily Dispatches11:55p ET Wednesday, June 15, 2022
Dear Friend of GATA and Gold:
With the Prospectors and Developers Association of Canada resuming its annual convention in Toronto this week, First Majestic Silver CEO Keith Neumeyer tells Stansberry Research's Daniela Cambone that he sponsored a reception for silver mining executives and investors in part because he wanted them to discuss market manipulation and maybe even try to do something about it.
Kinross Gold sells off Russian mines but at half the agreed price
Submitted by admin on Wed, 2022-06-15 21:41 Section: Daily DispatchesBy Barbara Shecter
National Post, Toronto
Wednesday, June 15, 2022
Kinross Gold Corp. has sold all its Russian assets to the Highland Gold Mining group of companies, but the Canadian miner will realize just half the $680 million in proceeds agreed to in April, following a review by the recently formed Russian Sub-commission on the Control of Foreign Investments.
The Russian sub-commission "approved this transaction for a purchase price not exceeding $340 million," Kinross said in a statement today.
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When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Wed, 2022-06-15 21:36 Section: Daily Dispatches9:35p Wednesday, June 15, 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.
Robert Lambourne: BIS gold swaps fell substantially again in May
Submitted by admin on Tue, 2022-06-14 12:15 Section: Daily DispatchesBy Robert Lambourne
Tuesday, June 14, 2022
Another substantial reduction in the gold swaps of the Bank for International Settlements is indicated by the bank's statement of account for May:
Crypto firms Celsius, Binance halt withdrawals as bitcoin plummets
Submitted by admin on Mon, 2022-06-13 10:42 Section: Daily DispatchesBy Karl Evers-Hillstrom
The Hill, Washington
Monday, June 13, 2022
Cryptocurrency companies today blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged.
Crypto lending company Celsius Network announced late Sunday night that it would freeze all withdrawals and transfers due to "extreme market conditions." The move sparked an enormous selloff, with the price of bitcoin falling 12% to its lowest level since December 2020.
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