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Daily Dispatches
China searches for safe havens amid U.S. debt woes, dollar weaponization
Submitted by admin on Sat, 2024-11-09 18:47 Section: Daily DispatchesAmanda Lee and Sylvia Ma
South China Morning Post, Hong Kong
Sunday, November 10, 2024
Ever since the U.S. dollar cemented its role as the backbone of the global financial system following the Second World War, it has been a weapon of choice for American presidents waging economic warfare.
But as the United States' use of sanctions has proliferated in recent years, concerns have grown in China and elsewhere over whether the U.S. dollar can remain a safe-haven currency.
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Bolivia ditches new gold-reporting rule within days to curb 'speculation'
Submitted by admin on Sat, 2024-11-09 18:30 Section: Daily DispatchesThe truth about the country's gold reserve might hurt economic stability
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By Sergio Mendoza
Bloomberg News
Friday, November 8, 2024
Bolivia's central bank ditched new rules on reporting its gold reserves it had published just two days earlier.
The bank said in a statement today that it wouldn't implement the resolution to avoid "speculation that seeks to damage the economic stability of the country."
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China conceals gold purchases for sixth straight month
Submitted by admin on Sat, 2024-11-09 11:36 Section: Daily DispatchesChina's Central Bank Pauses Gold Purchases for Sixth Straight Month
By Qiaoyi Li, Ryan Woo, and Anushree Mukherjee
Reuters
Thursday, November 7, 2024
BEIJING -- China's central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official data released today.
China's gold holdings stood at 72.8 million troy ounces at the end of last month. The value of the gold reserves, however, rose to $199.06 billion from $191.47 billion at the end of September.
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Jan Nieuwenhuis: Europe is preparing for a new gold standard
Submitted by admin on Fri, 2024-11-08 19:07 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Friday, November 8, 2024
Countries outside the eurozone but inside the European Union -- that is, those that one day might join the eurozone, like Poland, Hungary, and the Czech Republic -- are positioning for a new gold standard.
To prepare for a monetary system based on gold, they are buying gold to equalize their reserves to the eurozone average. This balancing of gold reserves in Europe is a key topic I have written about extensively.
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Silver market rigging foe Ted Butler's archive posted at SilverSeek
Submitted by admin on Wed, 2024-11-06 11:02 Section: Daily Dispatches11a ET Wednesday, November 6, 2024
Dear Friend of GATA and Gold:
GoldSeek's companion internet site, SilverSeek, has posted an archive of the essays of the late Ted Butler, the original exposer and opponent of silver market manipulation. It can be found here:
https://silverseek.com/author/ted-butler
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Ronan Manly: Gold remains strong as central banks sustain upward gold buying trend in 2024
Submitted by admin on Wed, 2024-11-06 10:53 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, November 6, 2024
As we enter the final stretch of 2024 with the international gold price having made continual new highs during the last eight months, it's encouraging to see that central banks, on a collective basis, are still large net buyers of physical gold for their monetary gold reserves.
Junior gold miners are appealing takeover targets as bullion prices climb
Submitted by admin on Tue, 2024-11-05 18:17 Section: Daily DispatchesBy Dominique Gene and Andrew Willis
The Globe and Mail, Toronto
Monday, November 4, 2024
https://www.theglobeandmail.com/business/article-junior-gold-miners-are-...
For the mining crowd, the annual Denver Gold Forum is a chance to swap speculation on potential deals. At this year's gathering in September, all the takeover talk revolved around junior companies with promising properties being snapped up by larger rivals.
Robert Lambourne: ETF gold and BIS swaps may be linked to double counting
Submitted by admin on Tue, 2024-11-05 11:27 Section: Daily DispatchesBy Robert Lambourne
Tuesday, November 5, 2024
Here are a few observations about GATA Secretary/Treasurer Chris Powell's exchange with Thom Calandra of The Calandra Report regarding Cyrille Jubert's essay at GoldBroker, which cited the misuse of unallocated gold accounts.
Ronan Manly: The strange case of European gold reserves purportedly vaulted in Canada
Submitted by admin on Mon, 2024-11-04 22:59 Section: Daily Dispatches11p ET Monday, November 4, 2024
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly today tells the strange story of gold reserves from the Netherlands, Switzerland, Sweden, and Belgium that purportedly long have been vaulted at the Bank of Canada in Ottawa.
It's strange because World War II is over, Ottawa is not a gold trading center, the Bank of Canada itself no longer has any gold reserves, and the bank's headquarters was gutted and renovated a decade ago and everything in it was reportedly moved out.
CPM Group's Christian touts central bank gold data even though it's often false
Submitted by admin on Mon, 2024-11-04 16:41 Section: Daily Dispatches4:56p ET Monday, November 4, 2024
Dear Friend of GATA and Gold:
In his review of the gold market today, metals consultancy CPM Group's Managing Partner Jeffrey Christian suggests that central banks always tell the International Monetary Fund the truth about their gold reserves and the IMF always tells the truth to the World Gold Council and the public.
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