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Daily Dispatches

James Turk: My perspective on money and liberty

Section: Daily Dispatches

By James Turk
Free Gold Money Report
Thursday, January 6, 2022

Several people have asked why I wrote "Money and Liberty: In the Pursuit of Happiness & The Theory of Natural Money" --

-- while others requested some insight about its content.

My objective was to explain why:

Robert Lambourne: BIS gold swaps fell slightly in December; no hint of 'Basel III' influence

Section: Daily Dispatches

By Robert Lambourne
Sunday, January 9, 2022

The recently released December statement of account of the Bank for International Settlements --

-- contains information suggesting a decrease of about 37 tonnes in the bank's gold swaps, from 451 tonnes in November to 414 tonnes in December. 

This compares to the record high estimated at 552 tonnes as of February 25 this year.

Sri Lanka sells monetary gold as forex reserves drop

Section: Daily Dispatches

From Economy Next, Columbo, Sri Lanka
Saturday, January 8, 2022

Sri Lanka liquidated a part of its gold holdings in December 2020 to boost liquid foreign assets in line with a drop in annual foreign reserves holdings, Central Bank Governor Nivard Cabraal said, even as year-end reserves were boosted with a swap from China.

The central bank is estimated to have sold about 3.6 tonnes out of a 6.69 tonne stockpile of gold (about 215,000 troy ounces) it had at the beginning of 2021, leaving it with around 3.0 to 3.1 tonnes of gold.

Pam and Russ Martens: Fed's repo loans propped up Deutschebank and its counterparties

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Friday, January 7, 2022

Nine days ago the Fed released the names of the Wall Street trading houses that had borrowed a cumulative total of $4.5 trillion in emergency repo loans from the Fed during just the last quarter of 2019. 

From September 17, 2019, through July 2, 2020, the same banks had borrowed a cumulative total of $11.23 trillion. 

Alasdair Macleod: Money supply and rising interest rates

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, January 6, 2021

The establishment, including the state, central banks and most investors are thoroughly Keynesian, the latter category having profited greatly in recent decades from their slavish following of the common meme.

That is about to change. The world of continual Keynesian stimulus is coming to its inevitable end with prices rising beyond the authorities' control. Being blinded by neo-Keynesian beliefs, no one is prepared for it.

... Dispatch continues below ...

Brien Lundin: Inflation spooks the Fed but too late to stop gold

Section: Daily Dispatches

By Brien Lundin, Editor
Gold Newsletter / Golden Opportunities
New Orleans, Louisiana
Wednesday, January 4, 2021

Gold rallied over the last couple of days, essentially regaining all that it had lost on Monday’s sell-off. And then the Fed minutes were released.

Amazingly, the minutes showed that Federal Reserve officials and economists had apparently just discovered the rampant price inflation that everyone else had been talking about for months.

... Dispatch continues below ...

How a gold-mining merger tightened a company's hold on northern Nevada

Section: Daily Dispatches

By Daniel Rothberg and Nick Bowlin
The Nevada Independent, Las Vegas
Monday, January 3, 2022

In the final days of 2019, Ches Carney noticed something strange on the bulletin boards at the northern Nevada gold mines where he had worked for nearly three decades. Stores in the nearby town of Elko were playing holiday music, but Carney was upset: The labor union documents normally posted to bulletin boards had disappeared.

Craig Hemke at Sprott Money: A new year for Comex gold

Section: Daily Dispatches

8:22p ET Tuesday, January 4, 2022

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing at Sprott Money, notes tonight that the last time the Federal Reserve entered a cycle of raising interest rates, gold rose steadily. He adds that it's common enough for gold to have a bad year during a bull market, it's rare for gold to have two bad years in a row.

Hemke's analysis is headlined "A New Year for Comex Gold" and it's posted at Sprott Money here:

India more than doubled its gold imports in 2021

Section: Daily Dispatches

No wonder gold's price went down, right? After all, in mainstream financial journalism, anything can rationalize a decline in the gold price -- rain in Peoria or snow in Sweden.

* * *

India Spent Record $55.7 Billion on Gold Imports in 2021 

By Rajendra Jadhav
Tuesday, January 4, 2021

USAGold's 'News & Views' letter for January

Section: Daily Dispatches

10:48a ET Monday, January 3, 2022

Dear Friend of GATA and Gold:

USAGold's "News & Views" letter for January contains more gold-related views than ever, including some from billionaires who haven't given up on the monetary metal. The letter is posted in the clear at USAGold's internet site here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.