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Daily Dispatches
Ted Butler: Cheaters run the silver market
Submitted by admin on Fri, 2021-07-02 23:45 Section: Daily DispatchesBy Ted Butler
Friday, July 2, 2021
Silver is manipulated and suppressed in price and has been for decades because large traders on one side of the Comex -- traders labeled as "commercials" on the short side -- are cheaters.
Cheating is a deliberate attempt to evade the rules of the game to achieve an unfair advantage.
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USA Gold: Coins and Bullion Since 1973
The silver-backed Liberty Dollar is back
Submitted by admin on Fri, 2021-07-02 12:14 Section: Daily DispatchesCompany Announcement
via PR Newswire, Chicago
Thursday, July 1, 2021
CHARLESTON, South Carolina -- Are you concerned about the U.S. government's announcement that it has suspended minting of some silver coins because of the silver shortage?
This news was devastating for many who consider silver to be a safe hedge against inflation, but a new startup is ready to ease the shock.
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Alasdair Macleod: Banking faces seismic changes
Submitted by admin on Fri, 2021-07-02 12:06 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 1, 2021
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend due to continue.
The new Basel 3 regulations seem set to encourage this trend, despite retail depositors being accorded a stable funding status. Central bank digital currencies are anticipated to augment and perhaps replace non-financial business credit over the next five to 10 years.
Venezuela to cut six zeroes off bolivar to simplify transactions
Submitted by admin on Fri, 2021-07-02 10:31 Section: Daily DispatchesBy Patricia Laya and Alex Vasquez
Bloomberg News
Thursday, July 1, 2021
Venezuela is preparing to once again lop off zeroes from the national currency in an attempt to simplify daily transactions which sometimes barely fit on a calculator or require swiping cards multiple times to complete a purchase.
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Buy, Sell, or Store Precious Metals with Money Metals Exchange
Ohio becomes 41st state to end sales taxes on gold and silver
Submitted by admin on Thu, 2021-07-01 14:41 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Thursday, July 1, 2021
COLUMBUS, Ohio -- By signing legislation last night, Gov. Mike DeWine has officially ended Ohio's sales taxation of gold, silver, platinum, and palladium bullion and coins, enabling the Buckeye State to join Arkansas as the two states having canceled taxation of the monetary metals so far this year.
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Indian crypto exchanges struggle as banks cut ties after frown by central bank
Submitted by admin on Thu, 2021-07-01 14:30 Section: Daily DispatchesBy Nupur Anand
Reuters
Thursday, July 1, 2021
MUMBAI -- Indian cryptocurrency exchanges are scrambling to secure viable, permanent payment solutions to ensure seamless transactions after banks and payment gateways started cutting ties with them, six industry insiders said.
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USA Gold: Coins and Bullion Since 1973
Pam and Russ Martens: Hedge funds are getting '100 times' leverage on crypto
Submitted by admin on Thu, 2021-07-01 14:08 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, July 1, 2021
Yesterday the House Financial Services’ Subcommittee on Oversight and Investigations held a critically important hearing on the crypto craze that has engulfed U.S. financial markets. The hearing was titled: "America on 'FIRE': Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?" ...
Jeffrey E. Garten: When the U.S. gave up gold
Submitted by admin on Thu, 2021-07-01 13:46 Section: Daily DispatchesBy Jeffrey E. Garten
The Wall Street Journal
Thursday, July 1, 2021
Fifty years ago next month, at a secret weekend meeting at Camp David, President Richard Nixon and his top economic advisors decided to take the U.S. off the gold standard.
The dramatic move, announced by the president upon his return to the White House on August 15, 1971, suspended the most fundamental rules of the international monetary system, affecting the prices of all products, commodities, and services in world commerce.
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Dave Kranzler: Are you ready for the next big move in gold and silver?
Submitted by admin on Wed, 2021-06-30 23:38 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Wednesday, July 30, 2021
The precious metals sector has been in a downtrend since August 2020.
The silver chart shows a high closing price last August. But the silver price has traded in a sideways trading channel since the end of last August. And actually, silver has been in a gentle uptrend since late October 2020.
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U.S. dollar's share of world FX reserves rises slightly to 59.5%
Submitted by admin on Wed, 2021-06-30 23:24 Section: Daily DispatchesFrom Reuters
Wednesday, June 30, 2021
NEW YORK -- The U.S. dollar's share of currency reserves reported to the International Monetary Fund edged up to 59.5% in the first quarter of the year, from 58.9% in the previous quarter, IMF data showed today.
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