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Daily Dispatches

Ted Butler: Signs that the price of silver doesn't reflect the market

Section: Daily Dispatches

By Ted Butler
SilverSeek.com
Friday, December 3, 2021

Sign, sign, everywhere a sign
Blockin' out the scenery, breakin' my mind.
Do this, don't do that -- can't you read the sign?

That was from a teenage song of rebellion some 50 years ago, by The Five Man Electric Band (from Canada), protesting the "no shirt, no shoes, no service" notices appearing in many fast-food joints back in the day. Yes, it was a simpler time.

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A couple stored IRA gold at home and now owe IRS more than $300,000

Section: Daily Dispatches

By Laura Saunders
The Wall Street Journal
Friday, December 3, 2021

It's official: Owners of individual retirement accounts with assets invested in gold and silver coins can't store them in a safe at their home.

So ruled the judge in a recent tax court case, Andrew McNulty et al. v. Commissioner. The decision will cost McNulty and his wife, Donna, dearly -- taxes of nearly $270,000 on about $730,000 of IRA assets, plus penalties likely to exceed $50,000.

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A new documentary on the corruption of the world financial system

Section: Daily Dispatches

12:25p ET Friday, December 3, 2021

Dear Friend of GATA and Gold:

This week's "Live from the Vault" report with London metals trader Andrew Maguire and Shane Moran of Kinesis Money calls attention to a new documentary film about the corruption of the world financial system, "The Paradigm of Money."

The report interviews the documentary's producer, Peter Antico, and its narrator, Sean Stone, and mentions GATA's work.

The report is an hour long and can be viewed at YouTube here:

Alasdair Macleod: Turk's 'Money and Liberty' explains what the former really is

Section: Daily Dispatches

1:15p ET Thursday, December 2, 2021

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod today reviews the new book by his colleague James Turk, "Money and Liberty -- In the Pursuit of Happiness and the Theory of Natural Money":

You can still review the New Orleans conference while helping GATA

Section: Daily Dispatches

1:10p ET Thursday, December 2, 2021

Dear Friend of GATA and Gold:

Last month's New Orleans Investment Conference was a great one, and doubly so for GATA, since the presentation by fund manager Lawrence Lepard praised the organization and was especially well-received:

https://gata.org/node/21525

But there were many other great presentations, including those by former U.S. Rep. Ron Paul, author and fund manager Jim Rickards, and  financial analysts Grant Williams, Doug Casey, and Rick Rule.

Turk tells KWN about gold's durability and his new book, 'Money and Liberty'

Section: Daily Dispatches

11:34p ET Wednesday, December 1, 2021

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk, interviewed this week by King World News, notes gold's durability as an inflation hedge as shown by the steadiness of the metal's relationship to the price of oil, the most important commodity.

Turk also discusses his new book, "Money and Liberty" --

U.S. Treasury refuses to answer many questions about disposition of its own gold

Section: Daily Dispatches

11:31a ET Wednesday, December 1, 2021

Dear Friend of GATA and Gold:

Recent correspondence between U.S. Rep. Alex X. Mooney, R-West Virginia, and the U.S. Treasury Department suggests that the department has given the Federal Reserve and International Monetary Fund unfettered control of a substantial portion of U.S. gold reserves.

In a letter to Treasury Secretary Janet Yellen on June 9 this year --

https://gata.org/sites/default/files/Mooney-To-Treasury-06-09-2021.pdf

Irish central bank makes first reserve gold purchases since 2009

Section: Daily Dispatches

By Lorcan Roche Kelly
Bloomberg News
Wednesday, December 1, 2021

https://www.bloomberg.com/news/articles/2021-12-01/irish-central-bank-ma...

The Irish central bank has been adding to its gold reserves as inflation in the euro area runs far ahead of the European Central Bank target. 

USAGold's December letter: The masters of the universe and gold

Section: Daily Dispatches

2:22p ET Tuesday, November 30, 2021

Dear Friend of GATA and Gold:

USAGold's "News & Views" letter for December examines how the U.S. Treasury bond market is now almost entirely a creature of the Federal reserve, which has been monetizing most of the federal government debt undertaken in the last decade.

Gold, the letter suggests, quoting market analyst Charlie Morris, is a sort of bond itself, and a much more attractive one because:

-- It is a zero-coupon because it pays no interest.

-- It has a long duration because it lasts forever.

Matthew Piepenburg: From gold manipulation to Washington's latest lies, absolute distortion continues

Section: Daily Dispatches

By Matthew Piepenburg
Matterhown Asset Management, Zurich
Tuesday, November 30, 2021

... No discourse on faking it, lying, or market distortion would be complete without a quick look at the latest artificial boot to the neck of rising gold prices.

As you've likely noticed, manipulated gold lost more than $45 in price last week. What you might not have noticed is why.

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