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Daily Dispatches

Roman emperors' gold money holds value even as their sovereignty is long gone

Section: Daily Dispatches

Hoard of Roman Gold Coins Recovered from Spanish Seabed

From Heritage Daily, Luton, England
Thursday, September 23, 2021

Archaeologists from the University of Alicante and the Spanish Civil Guard Special Underwater Brigade, in collaboration with the Town Council of Xàbia, have recovered a hoard of 53 gold coins from the 4th and 5th century AD.

The horde was identified after two amateur free divers discovered eight coins in the bay of Portitxol in Xàbia.

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Wealthy Germans rush assets to Switzerland ahead of election

Section: Daily Dispatches

By Oliver Hirt
Reuters
Friday, September 24, 2021

ZURICH -- A potential lurch to the left in Germany's election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say.

If the centre-left Social Democrats, hard-left Linke, and environmentalist Greens come to power, the reintroduction of a wealth tax and a tightening of inheritance tax could be on the political agenda. 

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Pam and Russ Martens: Woman who helped expose Wall Street mega-banks nominated as a top regulator

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Friday, September 24, 2021

Yesterday President Biden took the bold step of nominating Saule Omarova to head the Office of the Comptroller of the Currency, a top federal bank regulator. Omarova is a law professor at Cornell University and has written extensively on systemic risk containment. 

New Orleans is back to normal so join GATA there next month

Section: Daily Dispatches

By Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Friday,  September 24, 2021

With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.

If you're a serious investor, you need to attend this blockbuster, in-person event.

Matthew Piepenburg: Why is gold not rising?

Section: Daily Dispatches

By Matthew Piepenburg
Matterhorn Asset Management, Zurich
Friday, September 24, 2021

Many are asking why gold is not rising, as just about every other commodity makes new highs in the backdrop of inflationary tailwinds.

That's a very fair question.

Some are even saying gold is dead, a silly and "barbarous" old relic of ancient times, ancient math, and ancient common sense.

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China smashes cryptos as governments strive to control digital currencies

Section: Daily Dispatches

10:41a ET Friday, September 24, 2021

Dear Friend of GATA and Gold:

With China proclaiming all cryptocurrency business illegal and the leading cryptos plunging in price as a result --

https://www.cnbc.com/2021/09/24/bitcoin-ethereum-sink-as-china-intensifies-crypto-crackdown.html

JPMorgan agrees to pay $15.7 million to settle spoofing lawsuit

Section: Daily Dispatches

By Chris Prentice and Jonathan Stempel
Reuters
Thursday, September 23, 2021

WASHINGTON -- JPMorgan Chase & Co. agreed to pay $15.7 million in cash to settle a class-action lawsuit by investors who accused the largest U.S. bank of intentionally manipulating prices of U.S. Treasury futures and options.

The settlement disclosed late Wednesday night stemmed from sprawling U.S. government investigations into illegal trading in futures and precious metals markets, known as spoofing.

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Fed changed nothing but gold was smashed anyway -- Any questions?

Section: Daily Dispatches

2p ET Thursday, September 23, 2021

Dear Friend of GATA and Gold:

The U.S. dollar index, our friend Dave Kranzler of Investment Research Dynamics writes today, "is back to where it was right before Federal Reserve Chairman Jerome Powell's press conference yesterday. When Powell said 'maybe in November we'll have a taper schedule,' the dollar shot up and paper gold was slammed. With the dollar back down to its pre-presser level today, gold is still down $36."

Alasdair Macleod: The great game moves on

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, September 23, 2021

Following America's withdrawal from Afghanistan, her focus has switched to the Pacific with the establishment of a joint Australian and UK naval partnership.

New Orleans is back to normal so join GATA there next month

Section: Daily Dispatches

By Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Thursday,  September 23, 2021

With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.

If you're a serious investor, you need to attend this blockbuster, in-person event.

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