China's gold-buying spree could be the straw that breaks the dollar's back
Submitted by admin on Sun, 2024-05-05 22:20 Section: Daily DispatchesBy Julian Jessop
The Telegraph, London
Sunday, May 5, 2024
Some commentators have spent decades predicting the imminent demise of the U.S. dollar's special status as the world's international reserve currency.
Eventually they will be right, and that day may be drawing much closer. As usual, China could hold the key.
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International trade will keep requiring more gold, Maguire tells LFTV
Submitted by admin on Sat, 2024-05-04 23:36 Section: Daily Dispatches10:36a ICT Sunday, May 5, 2024
Dear Friend of GATA and Gold:
Nations retreating from the U.S. dollar, especially those aligned with the BRICS group, will continue to require more gold for their international trade, London metals trader Andrew Maguire says in this week's "Live from the Vault" program from Kinesis Money.
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Submitted by admin on Sat, 2024-05-04 23:28 Section: Daily Dispatches10:30a ICT Sunday, May 5, 2024
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Trump blames strong dollar for U.S. economy 'going to hell'
Submitted by admin on Fri, 2024-05-03 23:21 Section: Daily DispatchesBy Chris Matthews
MarketWatch, New York
Friday, May 3, 2024
Donald Trump took aim at the Biden administration's management of the U.S. dollar in a recent interview, once again raising the possibility that, in a second term, he would push policies to weaken the American currency to boost exports.
"Our economy is going to hell. You have to see what's going to happen with the way with the outflow of jobs, with the dollar the way it's situated," he said in a Thursday interview with the local Fox affiliate in Detroit.
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China's economic gambit could nuke Putin's dollar ploy
Submitted by admin on Fri, 2024-05-03 06:19 Section: Daily DispatchesBy Brendan Cole
Newsweek, New York
Friday, May 3, 2024
Economists call it the "nuclear" option but speculation that China might devalue its currency the yuan (RMB) could cause fallout for Russia as President Vladimir Putin pushes to move the global economy away from its reliance on the U.S. dollar.
Barrick Gold is not interested in bidding for Anglo American
Submitted by admin on Thu, 2024-05-02 22:35 Section: Daily DispatchesBy Divya Rajagopal and Felix Njini
Reuters
Wednesday, May 1, 2024
TORONTO -- Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark Bristow said Wednesday.
If BHP's proposed acquisition of Anglo is successful, it would create one of the world's biggest copper miners.
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