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Daily Dispatches

Another money-back offer from the New Orleans Investment Conference

Section: Daily Dispatches

By Brien Lundin, CEO
New Orleans Investment Conference
Monday, August 30, 2021
 
We have important developments regarding this year’s New Orleans Investment Conference, to be held Tuesday-Friday, October 19-22.

If you're like many people during these crazy times, you may be considering skipping this year’s New Orleans Conference. And I’m afraid that might be a grave mistake -- especially in light of the most recent data we’re getting on Covid infections.

Dragons fly as Chinese millennials take a shine to gold

Section: Daily Dispatches

By Emily Chow
Reuters
Sunday, August 29, 2021

SHANGHAI -- For many affluent young Chinese consumers, modern simplicity is out and tradition is back in when it comes to jewellery.

Sales of gold bracelets, pendants, earrings, and necklaces that draw on dragons, phoenixes, peonies, and other traditional Chinese patterns and symbols are flying among consumers, especially those in their 20s and 30s, helping drive a rebound in gold demand in the country after a pandemic-induced slump.

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Texas Bullion Depository, touted as a gold mine for taxpayers, could end up costing millions

Section: Daily Dispatches

By Eric Dexheimer
Houston Chronicle
Friday, August 27, 2021

When state lawmakers decided in 2015 that Texas needed to be the only state to have its own precious metals depository, supporters said there were plenty of reasons the project would be a gold mine.

Stefan Gleason: Play the odds by not gambling in rigged markets

Section: Daily Dispatches

By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Thursday, August 26, 2021

Is America becoming a nation of gamblers?

The lure of potential cash windfalls is driving rampant speculation in financial markets and record traffic to casinos.

The commercial gaming industry generated a record $13.6 billion in revenues during the second quarter, according to the Las Vegan Review Journal:

Key inflation gauge posts fastest annual price gain in 30 years

Section: Daily Dispatches

By Tom Ozimek
The Epoch Times, New York
Friday, August 27, 2021

The Federal Reserve’s preferred inflation gauge, the so-called core personal consumption expenditures (PCE) price index, vaulted in the 12 months through July to levels not seen in 30 years.

The Commerce Department said in a release Friday that core PCE rose 3.6 percent over the year in July, matching last month’s level, which was an increase from 3.5 percent in May and 3.1 percent in April.

U.S. Global's Holmes notes GATA's work against gold price suppression

Section: Daily Dispatches

11:33p ET Thursday, August 26, 2021

Dear Friend of GATA and Gold:

In his "Frank Talk" commentary for U.S. Global Investors this week, Chief Executive Officer Frank Holmes takes note of gold price suppression by governments and investment banks and GATA's work exposing it. 

Holmes' commentary is headlined "Gold, 'An Attractive Insurance Policy'" and it's posted at U.S. Global's internet site here:

Another money-back offer from the New Orleans Investment Conference

Section: Daily Dispatches

By Brien Lundin, CEO
New Orleans Investment Conference
Thursday, August 26, 2021
 
We have important developments regarding this year’s New Orleans Investment Conference, to be held Tuesday-Friday, October 19-22.

If you're like many people during these crazy times, you may be considering skipping this year’s New Orleans Conference. And I’m afraid that might be a grave mistake -- especially in light of the most recent data we’re getting on Covid infections.

Alasdair Macleod: Eurozone finances have deteriorated

Section: Daily Dispatches

By Alasdair Macleod
Head of Research
GoldMoney, Toronto
Thursday, August 26, 2021

Despite negative interest rates and money printing by the European Central Bank, which conveniently allowed all Eurozone member governments to fund themselves, having gone nowhere Eurozone nominal GDP is even lower than it was before the Lehman crisis.

Then there is the question of bad debts, which have been mostly shovelled into the TARGET2 settlement system. Otherwise we would have seen some substantial bank failures by now.

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Inflation-wary Germans are loading up on gold

Section: Daily Dispatches

By Eddie Spence
Bloomberg News
Thursday, August 26, 2021

Many gold investors might be fretting over the prospect of the Federal Reserve curbing monetary stimulus, but Germans are still loading up.

Demand for physical bullion in Germany, traditionally the biggest coin and bar buyer in Europe, was the highest since at least 2009 in the first half of 2021, World Gold Council data show. 

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Hugo Salinas Price: 'Extraordinary Popular Delusions and the Madness of Crowds'

Section: Daily Dispatches

By Hugo Salinas Price
Mexican Civic Association for Silver
Tuesday, August 24, 2021

Such is the title of an immortal work by Charles Mackay, published 180 years ago -- 1841 -- in London.

We are in 2021 and the world is subject to a new "madness of crowds." The present "popular delusion" of our world, in this 21st century, is -- without doubt -- its fascination with Bitcoin and its fellow "cryptocurrencies."

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