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Daily Dispatches

Incrementum's 2021 'In Gold We Trust' report: Monetary Climate Change

Section: Daily Dispatches

From Incrementum AG
via Cision / PR Newswire
Thursday, May 27, 2021

SCHAAN, Liechtenstein, and VIENNA -- On May 27, 2021, this year's "In Gold We Trust" report was presented at an international press conference, broadcast live on the Internet. The authors of the report are fund managers Ronald-Peter Stoeferle and Mark Valek from the Liechtenstein-based asset management firm Incrementum AG.

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Swiss gold exports to China explode after coronavirus slump

Section: Daily Dispatches

From Reuters
Thursday, May 27, 2021

LONDON -- Swiss exports of gold to mainland China surged in April to their highest since December 2019, customs data showed today, as demand for gold in the world's biggest bullion-consuming nation rebounded from a slump during the coronavirus pandemic. 

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USA Gold: Coins and Bullion Since 1973

Ronan Manly: Russia lines up new gold buying through its sovereign wealth fund

Section: Daily Dispatches

By Ronan Manly
Bullion Star, Singapore
Wednesday, May 26, 2021

In a significant and strategic development for monetary metals, the government of the Russian Federation has just introduced legislation that will allow Russia's giant National Wealth Fund to invest in gold and other precious metals. The fund is Russia's de-facto sovereign wealth fund, and has assets of US$185 billion.

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Legislation from Rep. Mooney seeks U.S. gold audit and would probe swaps and leases

Section: Daily Dispatches

From Money Metals News Service, Eagle, Idaho
Wednesday, May 26, 2021

WASHINGTON -- America's gold reserves would be audited for the first time in more than 60 years if a measure introduced yesterday by U.S. Rep. Alex Mooney, R-West Virginia, becomes law.

The Gold Reserve Transparency Act of 2021 -- H.R. 3526 -- backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists -- calls for the first true audit of United States gold reserves since the Eisenhower administration.

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Ted Butler: Short subject

Section: Daily Dispatches

By Ted Butler
Tuesday, May 25, 2021

Again and again, I have stressed that silver has been suppressed in price for decades by the concentrated short position of the four and eight largest traders in Comex futures. Many have come to accept this, but my findings do not have universal acceptance. 

That's too bad because it's all that matters in determining price. It would be better if we were all on the same page. 

Tom Luongo Basel 3 and the new role for gold

Section: Daily Dispatches

His hypothesis evokes 1974 warning to Kissinger, 2006 study by Peter Millar, and 2012 hypothesis by Paul Brodsky and Lee Quaintance.

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3:32p ET Tuesday, May 25, 2021

Dear Friend of GATA and Gold:

An interesting hypothesis about the purpose of the "Basel 3" banking regulations being pressed by the Bank for International Settlements is offered by financial writer Tom Luongo in his new commentary, "Basel 3 and the New Role for Gold." 

Ambrose Evans-Prtichard: Bitcoin fever is the primrose path to digital servitude

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, May 25, 2021

Bitcoin is already a barbarous relic in fintech time. It has failed to make the grade as a daily means of exchange after 12 years of agitation, bar money laundering, cyber-extortion, and Iranian sanctions busting.

It has not progressed beyond the stage of a speculative asset. It is captivating but is not what the evangelists promised.

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Trove of Klondike Gold Rush artifacts donated to UBC

Section: Daily Dispatches

By Leonard Linklater
Canadian Broadcasting Corp., Ottawa
Saturday, May 22, 2021

You could call it the motherlode of Klondike Gold Rush artifacts.

It's a massive trove of historic books, letters, journals and other objects, amassed over the years by a moneyed collector and now donated to the University of British Columbia (UBC).

"It's an extraordinary collection. There's nothing like it, because of its size, and the kind of material it covers, and also the years that it covers," said UBC librarian Susan Parker. 

GoldSilverPros' Robert Kientz gets Perth Mint's confirmation of a fractional-reserve gold vaulting system

Section: Daily Dispatches

12:22p ET Sunday, May 23, 2021

Dear Friend of GATA and Gold:

In another video posted at YouTube, Robert Kientz of GoldSilverPros.com reported yesterday that a statement from the Perth Mint cnfirms what he alleged this week after a detailed examination of the mint's annual report -- that the mint is operating a fractional-reserve gold sales business and has sold its customers nearly a billion Australian dollars in metal the mint has not yet obtained.

Sound Money Defense League's Stefan Gleason interviewed by Bullion Star's Ronan Manly

Section: Daily Dispatches

12:05a ET Saturday, May 22, 2021

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly this week interviewed Stefan Gleason, founder of coin and bullion dealer Money Metals Exchange, about his work with the Sound Money Defense League

They discuss the league's advocacy of a return to constitutional money, the need to audit the U.S. gold reserve, the desirability of reducing state taxes on monetary metals purchases, the depreciation of the U.S. dollar, and other subjects.

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