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Daily Dispatches
Robert Lambourne: BIS gold swaps rose again in August
Submitted by admin on Fri, 2024-09-06 11:31 Section: Daily DispatchesBy Robert Lambourne
September 6, 2024
The August statement of account for the Bank for International Settlements has just been published:
Alasdair Macleod: Gold confiscation would be suicide for the dollar
Submitted by admin on Thu, 2024-09-05 13:57 Section: Daily Dispatches1:57p ET Thursday, September 5, 2024
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod today published in his proprietary letter on Substack a crucial and compelling analysis of the prospects for gold confiscation by governments and particularly the U.S. government.
Russia to sell lots more oil for gold
Submitted by admin on Thu, 2024-09-05 09:13 Section: Daily DispatchesBy Tim Zyla
Jerusalem Post
Wednesday, September 4, 2024
The Russian Finance Ministry announced it will exponentially increase its gold purchases beginning Friday.
According to Russian news agency Interfax --
https://interfax.com/newsroom/top-stories/105637/
-- the government will increase its gold purchases from 1.12 billion rubles per day to 8.2 billion rubles per day for the next month.
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Stefan Gleason: Blundering miners are dumping every ounce they produce
Submitted by admin on Wed, 2024-09-04 20:31 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, September 3, 2024
On an annual basis, global silver supply generated by mines seems to have run into a ceiling of about 1 billion ounces. Supply has essentially flat-lined over the past several years.
At the same time, explosive growth in demand from photovoltaics (solar panels) and electric vehicles is driving widening projected supply deficits for physical silver.
Ronan Manly: Central bank digital currencies are accelerating toward dystopia
Submitted by admin on Wed, 2024-09-04 10:15 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, September 4, 2024
There is an ominous development gaining momentum across the world's financial systems that has the potential to undermine monetary and personal freedom yet remains largely under the radar for most of the world's population.
This development is the globally coordinated plan to roll out retail central bank digital currencies (CBDCs).
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Argentina's central bank is sore that anyone might know what it's doing with gold
Submitted by admin on Mon, 2024-09-02 22:16 Section: Daily DispatchesArgentina Ships Gold Bars Abroad to Be Financially Certified
By Ignacio Olivera Doll
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, September 2, 2024
Argentina's central bank sent part of its gold reserves abroad in recent weeks to be validated for financial use, a move that could give the country some much-needed flexibility, according to people with direct knowledge of the matter.
On Liberty and Finance, GATA's Ed Steer details silver market manipulation
Submitted by admin on Sat, 2024-08-31 21:59 Section: Daily Dispatches9:58p ET Saturday, August 31, 2024
Dear Friend of GATA and Gold:
GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, joins Dunagun Kaiser on YouTube's Liberty and Finance channel to discuss the concentrated and collusive short position in silver futures that suppresses the monetary metal's price. He believes that Asian demand for real metal will defeat the racket.
The discussion is 34 minutes long and can be viewed at YouTube here:
On LFTV, Bill Holter and Andrew Maguire discuss BRICS, gold, and market manipulation
Submitted by admin on Sat, 2024-08-31 20:34 Section: Daily Dispatches8:34p ET Saturday, August 31, 2024
Dear Friend of GATA and Gold:
Market commentator Bill Holter joins London metals trader Andrew Maguire on this week's edition of Kinesis Money's "Live from the Vault" program, discussing the likely incorporation of gold into the trading currency contemplated by the BRICS nations, as well as the longstanding manipulation of the monetary metals markets.
The discussion is an hour long and can be viewed at YouTube here:
Eric Sprott reflects on the frustration and opportunity of the monetary metals
Submitted by admin on Fri, 2024-08-30 22:59 Section: Daily Dispatches10:57p ET Friday, August 30, 2024
Dear Friend of GATA and Gold:
Mining entrepreneur Eric Sprott returns today to the Sprott Money monthly wrapup with Craig Hemke of the TF Metals Report, discussing the long-term frustration of monetary metals investors and what he sees as the spectacular and unappreciated potential in many gold and silver mining companies.
He helpfully specifies some of the companies he finds especially prospective.
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Ghana to launch 'monster mines' to boost gold production
Submitted by admin on Thu, 2024-08-29 19:35 Section: Daily DispatchesBy Maxwell Akalaare Adombila
Reuters
Thursday, August 29, 2024
ACCRA, Ghana -- Africa's top gold producer, Ghana, will commission its first large-scale greenfield mine in more than a decade in November, with expected annual production of more than 350,000 ounces, the head of its mining sector regulator told Reuters.
The Cardinal Namdini mine is owned by Cardinal Resources, a unit of Shandong Gold, which received a licence for the facility in 2020.