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Daily Dispatches
Gold is flying high but getting harder to mine
Submitted by cpowell on Sun, 2020-08-16 11:42 Section: Daily DispatchesBy Alistair MacDonald
The Wall Street Journal
Sunday, August 16, 2020
Gold miners are riding high as the metal trades at record prices, but digging it out of the ground is getting harder.
Gold is among the rarest metals in the earth's crust and much of the easier-to-get ore has already been mined. What is left is harder to find and more expensive to extract, miners say.
Tom Luongo: Is this the end of Comex paper gold?
Submitted by cpowell on Sun, 2020-08-16 11:24 Section: Daily Dispatches11:23a ET Sunday, August 16, 2020
Dear Friend of GATA and Gold:
Analyzing the recent changes and turmoil in gold, market watcher Tom Luongo concludes that some entities with deep pockets -- almost certainly Russia and China -- are collapsing the "paper gold" system with their delivery demands.
Jan Nieuwenhuijs: How the Fed controlled the gold price from 1982-1995
Submitted by cpowell on Sat, 2020-08-15 09:16 Section: Daily Dispatches9:14 ET Saturday, August 15, 2020
Dear Friend of GATA and Gold:
Citing an academic study, Voima Gold researcher Jan Nieuwenhuijs writes today that in the 1980s through at least 1995 the U.S. Federal Reserve considered the gold price to be a key indicator of expectations of consumer price inflation and so set interest rates to "stabilize" both inflation and the gold price itself.
Gold, silver impress Sprott by stabilizing so fast after Tuesday's smash
Submitted by cpowell on Fri, 2020-08-14 23:13 Section: Daily Dispatches11:10p Friday, August 14, 2020
Dear Friend of GATA and Gold:
Mining entrepreneur and philanthropist Eric Sprott, in his weekly interview with Craig Hemke for Sprott Money News, finds it remarkable that gold and silver prices stabilized as quickly as they did after Tuesday's smash in the futures markets.
Berkshire makes a bet on gold though Buffett famously mocked it
Submitted by cpowell on Fri, 2020-08-14 21:20 Section: Daily DispatchesBy Justina Vasquez
Bloomberg News
Friday, August 14, 2020
Warren Buffett's Berkshire Hathaway Inc. added Barrick Gold Corp. to its portfolio in the second quarter, sending shares of the world's second-largest miner of the metal surging.
Ted Butler: The selloff
Submitted by cpowell on Fri, 2020-08-14 12:26 Section: Daily Dispatches12:20p ET Friday, August 14, 2020
Dear Friend of GATA and Gold:
Gold rush at Turkish bazaar is a test of trust for lowly lira
Submitted by cpowell on Fri, 2020-08-14 10:49 Section: Daily DispatchesBy Ezgi Erkoyun and Jonathan Spicer
Reuters
Friday, August 14, 2020
ISTANBUL, Turkey -- Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight.
Six members of Congress form Sound Money Caucus
Submitted by cpowell on Fri, 2020-08-14 10:33 Section: Daily DispatchesBy JP Cortez
Money Metals News Service, Eagle, Idaho
Friday, August 14, 2020
As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, six congressmen hope to shine a spotlight on the devastating effects of this runaway financial profligacy.
Joe Grande: Why people should be introduced to gold
Submitted by cpowell on Fri, 2020-08-14 00:40 Section: Daily Dispatches12:40a ET Friday, August 14, 2020
Dear Friend of GATA and Gold:
Our longtime friend and supporter Joe Grande spoke for an hour this week with natural health advocate Patrick Rooney about gold's monetary and investment virtues and why people who are unfamiliar with gold have special reason to learn about it now. The interview is posted at YouTube here:
Raid on gold and silver had 'surgical precision' but won't stop their rise, Maguire says
Submitted by cpowell on Thu, 2020-08-13 14:10 Section: Daily Dispatches2:09p ET Thursday, August 12, 2020
Dear Friend of GATA and Gold:
Tuesday's attack on gold and silver futures prices was a "rigged selloff" aimed at speculative longs with "surgical precision," London metals trader Andrew Maguire said yesterday in an interview with Kinesis Money's Shane Morand, but it won't change the trajectory of the monetary metals.
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