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Daily Dispatches
Craig Hemke at Sprott Money: When buying gold and silver, avoid unallocated 'pool' accounts
Submitted by admin on Tue, 2021-04-06 20:31 Section: Daily Dispatches8:28p ET Tuesday, April 6, 2021
Dear Friend of GATA and Gold:
Writing tonight at Sprott Money, the TF Metals Report's Craig Hemke notes that buying into the "pool" accounts of coin and bullion dealers defeats the primary purpose of owning monetary metals -- security, the certainty that you will have the metal when you need it and won't get stiffed by another fractional-reserve banking system and its counterparty risk.
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Jim Rickards: The next phase of the war on cash
Submitted by admin on Tue, 2021-04-06 12:24 Section: Daily DispatchesBy James Rickards
The Daily Reckoning, Baltimore
Friday, April 2, 2021
With so much news about an economic reopening, a border crisis, massive government spending, and exploding deficits, it's easy to overlook the ongoing war on cash.
That's a mistake because it has serious implications not only for your money but for your privacy and personal freedom, as you'll see today.
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Philippines plans to issue U.S. dollar bonds 'before rates skyrocket'
Submitted by admin on Mon, 2021-04-05 23:55 Section: Daily DispatchesGet the stuff out there before it all turns to dust.
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By Siegfrid Alegado and Ditas B Lopez
Bloomberg News
Tuesday, April 6, 22021
Philippines Finance Secretary Carlos Dominguez said the government plans to sell dollar bonds before interest rates rise, and will look for new revenue sources and ways to wind down debt next year.
"We will tap the U.S. bond market before rates skyrocket," Dominguez said in an interview with Bloomberg Television's Kathleen Hays on today. He didn’t provide more details on the debt plan.
Tom O'Connor: Sanctions are destroying U.S. dollar's status as top currency
Submitted by admin on Mon, 2021-04-05 20:28 Section: Daily DispatchesBy Tom O'Connor
Newsweek, New York
Monday, April 5, 2021
The United States' reliance on economic sanctions to coerce other countries is gradually losing its effectiveness and slowly degrading one of Washington's most influential tools in international affairs, the power of the U.S. dollar, experts told Newsweek.
The greenback stands in a class of its own as the most popular and robust currency across the international banking system, outsizing its next largest competitor, the euro, a by a factor of nearly three to one.
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Economist, euro 'inventor' Mundell advised China to buy gold
Submitted by admin on Mon, 2021-04-05 19:43 Section: Daily Dispatches7:39p ET Monday, April 5, 2021
Dear Friend of GATA and Gold:
Thirteen years ago your secretary/treasurer unexpectedly shared the dias with the Nobel Prize-winning economist and euro "inventor" Robert Mundell, whose death was announced today --
-- and while it may be hard to admire anyone who facilitated something as undemocratic as the European Union, Mundell made some surprisingly pro-gold remarks at the time.
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Dave Kranzler: A bottom in gold and silver?
Submitted by admin on Mon, 2021-04-05 17:54 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Monday, April 5, 2021
The downtrend in the precious metals sector that began in August has been punctuated over the last month with one of the most aggressive and blatant price manipulation efforts that I have witnessed in 20 years.
Robert Mundell, Nobel laureate who inspired the euro, dies at 88
Submitted by admin on Mon, 2021-04-05 12:09 Section: Daily DispatchesBy Nancy Moran and Sho Chandra
Bloomberg News
Monday, April 5, 2021
Robert Mundell, the Nobel Prize-winner and supply-side economist who was considered the intellectual father of the euro, has died. He was 88.
His death was confirmed by Sophia Johnson, assistant director of the program for economic research at Columbia University, where Mundell was professor emeritus.
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With all those stock derivatives, could JPMorganChase be the broker for the U.S. government?
Submitted by admin on Mon, 2021-04-05 12:00 Section: Daily DispatchesAfter all, as Pam and Russ Martens report below, the bank's position is far beyond disproportionate -- just as it is in silver. Would the bank be permitted to run those markets if it wasn't running them for the government? That would explain the failure of anti-trust and commodity market regulators to act.
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JPMorgan’s Federally-Insured Bank Holds $2.65 Trillion in Stock Derivatives, So How Did It Avoid the Archegos Blowup?
By Pam and Russ Martens
Wall Street on Parade
Monday, April 5, 2021
Junior gold miner Rusoro's big award against Venezuela is reinstated
Submitted by admin on Fri, 2021-04-02 01:02 Section: Daily DispatchesThe court decision, the international arbitration award, and 20 trillion bolivars may buy the company a cup of coffee.
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By Donna Slate
Creamer Media's Mining Weekly
Thursday, April 1, 2021
Canadian junior Rusoro Mining reports that the French Supreme Court -- the Cour de Cassation -- has overturned the decision of the Paris Court of Appeal, which had annulled part of the damages portion of the arbitral award previously rendered in favor of the company.
The more they knock the gold price down, the more India wants
Submitted by admin on Thu, 2021-04-01 21:48 Section: Daily DispatchesIndia's March Gold Imports Surge 471% to a Record 160 Tonnes, Govt. Source Tells Reuters
From Reuters
Thursday, April 1, 2021
MUMBAI, India -- India's gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters today, as a reduction in import taxes and a correction in prices from record highs drew retail buyers and jewellers.
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020.
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