Daily Dispatches

11:12a CT Friday, October 22, 2021

Dear Friend of GATA and Gold:

Thom Calandra and his market letter, The Calandra Report, have been supporting GATA almost from our start 22 years ago. He is a writer and believer and investor in the monetary metals.

This week, with metals prices showing signs of recovery amid the storm of inflation, Thom is reviviong his special offer to GATA supporters -- a discount on a year's subscription with half the $169 payment being donated to GATA, no strings attached.

Here is the PayPal code for the special subscription offer: 

By Joe Rennison and Eva Szalay
Financial Times, London
Thursday, October 21, 2021

Investors are dumping gold for cryptocurrencies as inflation picks up, fleeing a metal historically touted as a store of value to buy digital assets little more than a decade old.

More than $10 billion has been pulled from the biggest gold exchange-traded fund this year and funds' physical gold hoards have also been selling down, according to Bloomberg data. The price of gold has declined 6.1 percent this year to $1,782 a troy ounce on Wednesday.

By Alex Vasquez and Ezra Fieser
Bloomberg News
Wednesday, October 20, 2021

To fathom the magnitude of Venezuela's financial collapse, travel southeast from Caracas, past the oilfields and over the Orinoco River, and head deep into the savanna that blankets one of the remotest corners of the country.

There, in the barber shops and restaurants and hotels that constitute the main strip of one dusty little outpost after another, you'll find prices displayed in grams of gold.

... Dispatch continues below ...

10:04a CT Wednesday, October 20, 2021

Dear Friend of GATA and Gold:

In his new market letter for Canadian fund manager Sprott, portfolio manager John Hathaway details why gold and gold mining shares should be going up, but, like all other respectable market analysts, doesn't attempt to explain why gold and gold mining shares have been going down even as inflation and debt have been exploding.