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Daily Dispatches
Interviewing Ron Paul, even Daniela Cambone marvels at gold's failure to reflect inflation
Submitted by admin on Sat, 2021-10-23 00:05 Section: Daily Dispatches10:55p CT Friday, October 22, 2021
Dear Friend of GATA and Gold:
Is there anyone left who can't see or strongly suspect government gold price suppression policy, even if many people still can't acknowledge it?
In an interview this week with former U.S. Rep. Ron Paul, even Daniela Cambone of Stansberry Research, formerly of Kitco News, marveled at gold's failure to reflect the inflation exploding all around her. She asked Paul whether the government is suppressing the gold price.
Serbia vows to boost gold reserves as China's Zijin opens mine
Submitted by admin on Fri, 2021-10-22 16:20 Section: Daily DispatchesBy Misha Savic
Bloomberg News
Friday, October 22, 2021
Serbia plans to boost its gold reserves from an already record-high 37 tons to prepare for challenges such as the energy crisis rattling Europe, President Aleksandar Vucic said.
The National Bank of Serbia may buy gold at the "most favorable prices" from the local units of China-based Zijin Mining Group, Vucic said at the opening of the company's new Cukaru Peki high-grade copper and gold mine. ...
... For the remainder of the report:
Fed to ban policymakers from owning individual stocks, restrict trading following controversy
Submitted by admin on Fri, 2021-10-22 12:54 Section: Daily DispatchesBy Jeff Cox
CNBC, New York
Thursday, October 21, 2021
Responding to a growing controversy over investing practices, the Federal Reserve announced Thursday a wide-ranging ban on officials owning individual stocks and bonds and limits on other activities as well.
The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have to be confined to diversified assets such as mutual funds.
... Dispatch continues below ...
Deutsche Bank whistleblower gets $200 million record reward for exposing LIBOR rigging
Submitted by admin on Fri, 2021-10-22 12:19 Section: Daily DispatchesBy Stefania Palma and Neil Hume
Financial Times, London
Friday, October 22, 2021
The Commodity Futures Trading Commission has awarded almost $200 million to a former Deutsche Bank employee who raised concerns about the manipulation of the Libor interest rate benchmark, marking the largest-ever payment under U.S. whistleblower programmes.
The U.S. derivatives regulator said the payment had been made for "timely original information" that significantly contributed to an already "open investigation."
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With metals recovering, The Calandra Report has a special offer for GATA supporters
Submitted by admin on Fri, 2021-10-22 12:12 Section: Daily Dispatches11:12a 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:
Alasdair Macleod: A tale of two civilizations
Submitted by admin on Thu, 2021-10-21 13:09 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, October 21, 2021
In recent years, America's unsuccessful attempts at containing China as a rival hegemon have only served to promote Chinese antipathy against American capitalism. China is now retreating into the comfort of her long-established moral values, best described as a mixture of Confucianism and Marxism, while despising American individualism, its careless regard for family values, and encouragement of get-rich-quick financial speculation.
Investors flee gold for cryptocurrencies as inflation worries rise
Submitted by admin on Thu, 2021-10-21 11:59 Section: Daily DispatchesBy 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.
Chris Powell: Gold market manipulation update, October 2021
Submitted by admin on Wed, 2021-10-20 14:23 Section: Daily DispatchesThe images accompanying this presentation are posted here:
https://gata.org/sites/default/files/GoldMarketManipulationUpdate-10-20-2021.pdf
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Remarks by Chris Powell
Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 19, 2021
IMAGE 1
Venezuelans break off flakes of gold to pay for meals, haircuts
Submitted by admin on Wed, 2021-10-20 12:08 Section: Daily DispatchesBy 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.
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Bill Murphy at the New Orleans conference: Bombs away on gold and silver
Submitted by admin on Wed, 2021-10-20 11:40 Section: Daily DispatchesRemarks by Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
New Orleans Hilton Riverside Hotel
Tuesday, October 19, 2021
First of all, it is my pleasure to salute Brien Lundin for pulling off this conference. Considering the Covid mess, floods, turbulent storms, and timing decisions, it has been quite a task!
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