Daily Dispatches

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11:52p ET Monday, December 14, 2020

Dear Friend of GATA and Gold:

George Gero, an 'institution' of the gold industry, dies at 84


By Joe Deaux and Justina Vasquez
Bloomberg News
Monday, December 14, 2020

George Gero, a financial adviser known throughout the gold industry who claimed he traded one of the first gold contracts in New York, has died. He was 84.

He died on Saturday at his home, according to his obituary with Levine Memorial Chapel. No cause was given.

... Dispatch continues below ...

Senior staff at HSBC, Standard Chartered, and Deutsche Bank are Chinese Communist Party members


By Ben Gartside, Jack Hazlewood, and Juliet Samuel
The Telegraph, London
Sunday, December 13, 2020

Hundreds of senior employees at British banks HSBC and Standard Chartered have been members of the Chinese Communist Party, according to documents seen by the Daily Telegraph.

Relentless investment inflows to China spur prediction for strongest yuan since 1993


From Bloomberg News
Saturday, December 12, 2020

The unrelenting pace of inflows heading for China's bonds and stocks has one yuan bull predicting the currency could strengthen to a level not seen in nearly three decades.

As Good as Gold Australia interviews GATA Chairman Murphy


8p ET Saturday, December 12, 2020

Dear Friend of GATA and Gold:

Brian and Darryl Panes of As Good as Gold Australia this week interviewed GATA Chairman Bill Murphy about the history of gold price suppression policy and the prospects for the monetary metals in "a very frustrating time." The interview is 48 minutes long and can be viewed at YouTube here:

Treasure washes up on Venezuela's shore, bringing gold and hope to a village


Another day in another rich country insisting on being poor.

* * *

By Anatoly Kurmanaev and Isayen Herrera
The New York Times
Saturday, December 12, 2020

GUACA, Venezuela -- The most extraordinary moment in the young fisherman's life began in the most mundane way: with a morning visit to the latrine.

Gold hubs including UAE pledge support for crackdown on illegal trade


By Peter Hobson and Maha El Dahan
Friday, December 11, 2020

Eleven gold-trading hubs including the United Arab Emirates have declared their support for an initiative by the world's most influential bullion market authority to improve regulation on issues such as money laundering and unethical sourcing of gold.

Major governments vow to maintain their 'currency monopoly'


G7 Finance Officials Back Need to Regulate Digital Currencies

By Andrea Shalal and Christian Kraemer
Monday, December 7, 2020

Finance ministers and central bankers from the Group of Seven advanced economies strongly supported the need to regulate digital currencies, the U.S. Treasury Department said in a statement today after a virtual meeting of the officials.

Pam and Russ Martens: The 'market' is now the NYFed's trading desk


Mission Creep or Creepy Mission: The New York Fed's Trading Desk Has Ballooned to $6.59 Trillion Today from $576 Billion in 2008

By Pam and Russ Martens
Wall Street on Parade
Friday, December 11, 2020

Daniel J. Smith: Judy Shelton's rejection doesn't mean gold standard failed


By Daniel J. Smith, Director
Political Economy Research Institute
Middle Tennessee State University, Murfreesboro
via Nashville Business Journal
Thursday, December 10, 2020

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