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Daily Dispatches

Weekend edition of Ed Steer's Gold and Silver Digest posted at SilverSeek

Section: Daily Dispatches

7p ET Monday, October 7, 2024

Dear Friend of GATA and Gold:

The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "Russia ... and Silver," has been posted in the clear at GoldSeek's companion site, SilverSeek, here:

https://silverseek.com/article/russia-and-silver

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

Fortuna Mining says Burkina Faso will not withdraw existing permits

Section: Daily Dispatches

By Divya Rajagopal and Srivastava Vallari
Reuters
Monday, October 7, 2024

https://www.reuters.com/markets/commodities/fortuna-mining-says-burkina-faso-will-not-withdraw-existing-permits-2024-10-07/

Fortuna Mining said today that the government of Burkina Faso does not plan to withdraw the Canadian company's existing mining permits in the country.

Commemorative coin honors the man who got private ownership of gold re-legalized

Section: Daily Dispatches

And who got many people, including GATA's secretary/treasurer, interested in the essential purposes of the monetary metals.

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By Brien Lundin
Gold Newsletter, Golden Opportunties,
and the New Orleans Investment Conference
Monday, October 7, 2024

I've got exciting news for silver bugs.

As you know, the New Orleans Conference is celebrating its 50th annual event this fall, from November 20-23.

That's an unprecedented milestone. Literally no other investment event has ever made it this far.

The biggest scandal isn't what is illegal but what is perfectly legal

Section: Daily Dispatches

12:42p ET Monday, October 7, 2024

Dear Friend of GATA and Gold:

Today in their latest incisive criticism of the U.S. government's repeal of the Glass-Steagall Act in 1999, a decision that allowed federally insured banks to trade stocks and derivatives and thereby put the bank deposits of ordinary people at risk, Pam and Russ Martens of Wall Street on Parade reveal a telling detail about JPMorgan Chase Bank.

... Dispatch continues below ...


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China's gold reserves unchanged for fifth straight month in September

Section: Daily Dispatches

If you believe, as Reuters seems to, that China always tells the truth about its gold reserves and reports all gold purchases promptly.

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By Qiaoyi Li, Ryan Woo, and Casey Hall
Reuters
via Yahoo News, Sunnyvale, California
Sunday, October 6, 2024

SHANGHAI -- China's central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed, mainly due to a surge in prices for the yellow metal.

Gold bull builds excitement for 50th anniversary New Orleans Investment Conference

Section: Daily Dispatches

Join GATA there but act soon.

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By Brien Lundin
Gold Newsletter and New Orleans Investment Conference
Metairie, Louisiana
Thursday, October 3, 2024

We're in the final stages of preparing our agenda for this year's blockbuster 50th anniversary New Orleans Investment Conference, and I'm excited about the surprises we'll have in store for you.

Burkina Faso will withdraw some mining permits, junta leader says

Section: Daily Dispatches

By Alessandra Prentice
Reuters
Saturday, October 5, 2024

Burkina Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, junta leader Ibrahim Traore said today, without specifying which permits could be cancelled.

"We know how to mine our gold and I don't understand why we're going to let multinationals come and mine it," Traore said in a radio address to mark two years since he seized power in a coup.

... Dispatch continues below ...

Russia to boost silver reserves in major precious metals strategy shift

Section: Daily Dispatches

From the Jerusalem Post
Friday, October 4, 2024

Russia may be poised to make a notable shift in its precious metals strategy, with silver potentially emerging as a key asset in the country's expanding State Fund. 

According to a report released by Interfax this week and cited by Bloomberg News, Russia's draft federal budget outlines plans to significantly bolster its holdings in precious metals over the coming years. Notably, the budget includes plans to acquire gold, platinum, palladium, and, for the first time, silver.

Poland's central bank to keep acquiring gold, already claims more than the UK

Section: Daily Dispatches

Polish Central Bank Increases Gold Reserves

From Polish Radio, Warsaw
Friday, October 4, 2024

https://www.polskieradio.pl/395/7786/Artykul/3431781,polish-central-bank-increases-gold-reserves

Poland's central bank has expanded its gold reserves to 420 tonnes, making it one of the leading gold reserve holders globally, its governor said Thursday.

Jan Nieuwenhuijs: How France secretly repatriated all its gold before Nixon's dollar devaluation

Section: Daily Dispatches

9:56a ET Saturday, October 5, 2024

Dear Friend of GATA and Gold:

Gold researcher Jan Nieuwenhuijs today provides a fascinating and extraordinarily detailed history of France's famous but generally unexamined departure from Western gold price suppression policy and the repatriation of French gold reserves from the United States and United Kingdom in the 1960s and early '70s. 

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