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Daily Dispatches
USA Gold's 'News & Views' letter for December
Submitted by admin on Wed, 2022-11-30 12:35 Section: Daily Dispatches12:37p ET Wednesday, November 30, 2022
Dear Friend of GATA and Gold:
At LBMA conference, BIS exec shows off his experience secretly intervening in gold
Submitted by admin on Mon, 2022-11-28 22:26 Section: Daily Dispatches10:33p ET Monday, November 28, 2022
Dear Friend of GATA and Gold:
Along with mining entrepreneur Pierre Lassonde and professional nihilist Doug Casey, some bigshots in the monetary metals sector still contend that central banks don't care much about gold.
Ghana in talks with Dubai oil refiner to barter gold for fuel
Submitted by admin on Mon, 2022-11-28 10:18 Section: Daily DispatchesBy Ekow Dontoh and Moses Mozart Dzawu
Bloomberg News
Monday, November 28, 2022
Ghana is in talks with Emirates National Oil Co. for a barter arrangement that will enable the West African nation to buy fuel with gold.
Ambrose Evans-Pritchard: Putin plots Europe's deindustrialization
Submitted by admin on Fri, 2022-11-25 11:13 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 24, 2022
Vladimir Putin lost his energy war this year. He may still win it next year by exhausting Europe’s will to resist through another gas and power crunch.
The secondary target of his bombing blitz on Ukraine’s energy infrastructure is the EU itself. The damage deprives Europe of crucial electricity imports from Ukrainian plants. Power will have to flow in the opposite direction to prevent a humanitarian disaster in Ukrainian cities.
Gold miners odered to sell 20% of refined bullion to Ghana
Submitted by admin on Fri, 2022-11-25 10:50 Section: Daily DispatchesBy Ekow Dontoh
Bloomberg News
Friday, November 25, 2022
Ghana ordered large gold-mining companies to sell 20% of the metal they refine to the nation's central bank, as the government embarks on a plan to barter bullion for fuel.
The directive will be effective Jan. 1, Minister for Lands and Natural Resources Samuel Jinapor said in a notice posted on Vice President Mahamudu Bawumia's Facebook page. The government also ordered small-scale miners to sell their gold to the state-owned Precious Minerals Marketing Co.
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Ghana plans to buy oil with gold instead of U.S. dollars
Submitted by admin on Thu, 2022-11-24 16:55 Section: Daily DispatchesBy Cooper Inveen, Christian Akorlie, and Sofia Christensen
Reuters
Thursday, November 24, 2022
ACCRA, Ghana -- Ghana's government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice President Mahamudu Bawumia said on Facebook today.
The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local cedi and increasing living costs.
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William Pesek: China's gold stockpiling is a warning sign on dollar
Submitted by admin on Thu, 2022-11-24 08:26 Section: Daily DispatchesBy William Pesek
Asia Times, Hong Kong
Thursday, November 24, 2022
TOKYO -- One of the worst-kept secrets in global central banking is the extent to which Chinese officials are swapping dollars for gold.
Governor Yi Gang's team at the People's Bank of China isn't admitting as much. The PBOC doesn't have to, though, given the clear policy trajectory Chinese leader Xi Jinping has pursued in recent years: internationalizing of the yuan as the top rival to the dollar.
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Craig Hemke at Sprott Money: Comex fun and games
Submitted by admin on Wed, 2022-11-23 20:38 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, November 22, 2022
From time to time, we like to update you on the scale and scope of two arcane Comex systems that The Banks like to regularly abuse for profit. Let's do so again today.
Let's start with the "exchange for physical" (EFP) process that The Banks have abused for years as they arbitrage the difference between the spot and futures prices.
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Rare gold coins reveal new Roman emperor
Submitted by admin on Wed, 2022-11-23 20:11 Section: Daily DispatchesBy Aylin Woodwar
The Wall Street Journal
Wednesday, November 23, 2022
A new analysis of rare Roman coins said to have been unearthed more than three centuries ago but long dismissed as forgeries provides compelling evidence that the gold pieces are authentic -- and that the crown-wearing man whose likeness appears on one of them was a real historical figure who ruled as a Roman emperor almost 2,000 years ago.
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How Celtic gold heist in Germany unfolded in just 9 minutes
Submitted by admin on Wed, 2022-11-23 20:04 Section: Daily DispatchesBy Frank Jordans
Associated Press
Wednesday, November 23, 2022
BERLIN -- Thieves who broke into a southern German museum and stole hundreds of ancient gold coins got in and out in nine minutes without raising the alarm, officials said today, in a further sign that the heist was the work of organized criminals.
Police have launched an international hunt for the thieves and their loot, consisting of 483 Celtic coins and a lump of unworked gold that were discovered during an archeological dig near the present-day town of Manching in 1999.
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