You are here

Daily Dispatches

Jan Nieuwenhuijs: U.S. and Europe fight a war over gold during the demise of Bretton Woods

Section: Daily Dispatches

By Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Monday, February 5, 2024

This is the story of the emergence of the U.S. dollar hegemony.

After the collapse of Bretton Woods in 1971 several European central banks tried setting up a new gold pool to stabilize the price and move to a quasi gold standard. The United States wanted to phase out gold from the system and enforce a dollar standard on the world.

... Dispatch continues below ...


... ADVERTISEMENT ...

FBI violated constitutional rights of hundreds in Beverly Hills vault raid, appeals court rules

Section: Daily Dispatches

By Teny Sahakian
Fox News, New York
Wednesday, January 31, 2024

The FBI violated private citizens' constitutional rights when it seized contents from hundreds of safe deposit boxes during a 2021 raid on a Beverly Hills business suspected of money laundering, a federal appeals court ruled last week.

Nigeria may expropriate its people's foreign currency holdings

Section: Daily Dispatches

As if Nigeria needed another reason to turn to gold, or even seashells.

* * *

Operation Rescue Naira: Federal Government Considers Converting $30 Billion in Domiciliary Deposits to Naira

By Godfrey George and Temitayo Jaiyeola
Punch, Lagos, Nigeria
Saturday, February 3, 2024

There are strong indications that the federal government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency, which this week recorded its worst performance in history.

Sound Money Defense League president reviews efforts to remonetize gold

Section: Daily Dispatches

2:06p ET Friday, February 2, 2024

Dear Friend of GATA and Gold:

Stefan Gleason, president of coin and bullion dealer Money Metals Exchange and chairman of the Sound Money Defense League, was interviewed this week by Jesse Day of the Commodity Culture channel on You Tube, discussing the league's work to restore gold and silver as money not just in the United States but throughout the world as well.

Miles Franklin's Andy Schectman explains the gold game in eight minutes

Section: Daily Dispatches

8:51p ET Thursday, February 1, 2024

Dear Friend of GATA and Gold:

With an eight-minute talk to Bullion News, Andy Schectman, president of coin and bullion dealer Miles Franklin, explains how governments have been using the New York Commodities Exchange to suppress gold prices and interest rates so central banks could acquire the metal at a discount even as they elevated it to an officially superior form of money, anticipating the de-dollarization of the world financial system.

Ted Butler: A big development in silver

Section: Daily Dispatches

By Ted Butler
SilverSeek.com
Thursday, February 1, 2024

Robert Lambourne: Gold intervention via BIS rose 21% in December

Section: Daily Dispatches

By Robert Lambourne
Thursday, February 1, 2024

Trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in December. From information in the BIS statement of account for December, published this week --

https://www.bis.org/banking/balsheet/statofacc231231.pdf

Can the UAE outshine Switzerland with gold?

Section: Daily Dispatches

By Dominique Soguel and Pauline Turuban
Swiss Info / Swiss Broadcasting Corp., Bern
Wednesday, January 31, 2024

Switzerland sits at the heart of Europe and has for decades been the dominant player in the global gold industry both in terms of refining capacity and trading. But the United Arab Emirates, which lies at the crossroads of the West and an increasingly affluent East, is threatening that supremacy, having built its position quietly over the past two decades.

... Dispatch continues below ...

Alasdair Macleod: Tides of change in gold paper markets

Section: Daily Dispatches

3p ET Wednesday, January 31, 2024

Dear Friend of GATA and Gold:

Market analyst and GoldMoney research director Alasdair Macleod writes today that open interest in the gold futures contract on the New York Commodities Exchange has fallen sharply in recent days.

He concludes that the decline in the contract's liquidity will make prices more volatile and market rigging more difficult.

Macleod's analysis is headlined "Tides of Change in Gold Paper Markets" and it's posted at his internet site here:

Silver miners urge adding the metal to Canada's critical minerals list

Section: Daily Dispatches

2:50p ET Wednesday, January 31, 2024

Dear Friend of GATA and Gold (and that other monetary metal, Silver):

Twenty executives of Canadian silver mining companies today sent a letter to Canada's minister of energy and natural resources, Jonathan Wilkinson, asking that silver be added to the country's official list of critrical minerals.

Along with gold, silver already seems to be on the U.S. government's list of critical currencies whose markets must be manipulated and their prices suppressed lest they resume their historic competition with the U.S. dollar.

Pages