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Daily Dispatches
China issues new gold import quotas after pause, sources tell Reuters
Submitted by admin on Fri, 2024-08-16 15:42 Section: Daily DispatchesBy Ashitha Shivaprasad and Polina Devitt
Reuters
via Yahoo News, Sunnyvale, California
Friday, August 16, 2024
Several Chinese banks have been given new gold import quotas from the central bank, anticipating revived demand despite record high prices, four sources with knowledge of the matter told Reuters.
The new quotas, aimed at helping the People's Bank of China control how much bullion enters the world's leading consumer of the precious metal, were granted in August after a two-month pause largely due to slower physical demand in the wake of a bullish market.
Peter St. Onge: How gold can save the dollar
Submitted by admin on Thu, 2024-08-15 19:56 Section: Daily DispatchesBy Peter St. Onge
via Money Metals Exchange, Eagle, Idaho
Can we save the dollar before central banking kills it?
Our deficits are now stuck at 8% of gross domestic product -- unprecedented in peacetime. And our national debt just hit $35 trillion -- unprecedented in the history of man.
Even the central bankers realize that this isn't sustainable. That we are coming to the day our paper money utopia crumbles.
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Jan Nieuwenhuijs: Argentina's gold reserves arrive in London
Submitted by admin on Thu, 2024-08-15 19:47 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Thursday, August 15, 2024
In June the United Kingdom received a gold shipment worth $150 million dollars from Argentina. Most likely the gold was sent by the central bank of Argentina to be used as collateral in the London Bullion Market.
Pam and Russ Martens: New study says Fed is captured by Congress and presidency, not megabanks
Submitted by admin on Thu, 2024-08-15 11:20 Section: Daily DispatchesBut what if the megabanks have captured Congress and the presidency as well?
* * *
By Pam and Russ Martens
Wall Street on Parade
Thursday, August 15, 2024
A fascinating new academic paper has been released. Its title is "The Myth of Fed Political Independence." Its premise is this: "The much-vaunted independence of the Federal Reserve is a myth. The Fed is not the bastion of sound monetary policy. Rather, it is just another politically co-opted agency of the federal government."
The U.S. is ready with a gold revaluation mechanism too
Submitted by admin on Thu, 2024-08-15 01:15 Section: Daily Dispatches1:36a ET Thursday, August 15, 2024
Dear Friend of GATA and Gold:
In an interview this week with Mark Moss of Market Disruptors that is posted at YouTube --
A metals vault bigger than Fort Knox opens in Idaho
Submitted by admin on Mon, 2024-08-12 16:27 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Monday, April 12, 2024
EAGLE, Idaho -- The Western United States now has its very own Fort Knox, only substantially larger.
After three years of planning and construction, Money Metals has opened its state-of-the-art 37,000-square-foot vaulting and fulfillment facility in Eagle, Idaho.
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Mark Twain sort of anticipated the trillion-dollar platinum coin
Submitted by admin on Mon, 2024-08-12 14:22 Section: Daily Dispatches2:34p ET Monday, August 12, 2024
Dear Friend of GATA and Gold:
Responding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar platinum coin do to the price of U.S. platinum Eagles?
Gold Fields to buy Canada's Osisko in $1.6 billion deal with 67% share price premium
Submitted by admin on Mon, 2024-08-12 12:16 Section: Daily DispatchesBy Sybilla Gross, Thomas Biesheuvel, and William Clowes
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, August 12, 2024
Gold Fields Ltd. agreed to buy Canada's Osisko Mining Inc. in a deal valued at C$2.16 billion ($1.6 billion) as soaring prices for the precious metal drive producers to seek expansion.
Gold revaluation is far more democratic money creation than platinum coins
Submitted by admin on Sun, 2024-08-11 10:19 Section: Daily Dispatches10:53a ET Sunday, August 11, 2024
Dear Friend of GATA and Gold:
This week the brilliant journalist and financial analyst Mike Maharrey of Money Metals Exchange revisited the recent dream of inflationists: to increase the U.S. money supply by means of the U.S. government's creation of one or two platinum coins with trillion-dollar denominations:
Ed Steer: Short position in SLV drops by 35%
Submitted by admin on Sun, 2024-08-11 09:36 Section: Daily Dispatches9:35a ET Sunday, August 11, 2024
Dear Friend of GATA and Gold (and Silver):
The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "Short Position in SLV Drops By 35%" and it's posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/short-position-slv-drops-35-percent
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