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Daily Dispatches
Central banks keep exploiting gold's discount on Comex, Maguire says
Submitted by admin on Sat, 2023-07-15 23:38 Section: Daily Dispatches11:35p ET Saturday, July 15, 2023
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, speaking on this weekend's "Live from the Vault" program from Kinesis Money, says central banks keep using the "exchange for physicals" mechanism of the New York Commodities Exchange to obtain gold at a discount in the London market. Official demand is so great, Maguire says, that the discount can't last much longer.
The program is 50 minutes long and can be viewed at YouTube here:
India agrees with UAE to settle trade in rupees
Submitted by admin on Sat, 2023-07-15 23:33 Section: Daily DispatchesBy Arpan Chaturvedi
Reuters
Saturday, July 15, 2023
NEW DELHI -- India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India's efforts to cut transaction costs by eliminating dollar conversions.
During a visit by India's Prime Minister Narendra Modi to the UAE today, the two countries also agreed to set up a real-time payment link to facilitate easier cross-border money transfers.
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Brett Arends: Gold should be dead but somehow it's still adding value
Submitted by admin on Fri, 2023-07-14 18:03 Section: Daily DispatchesBy Brett Arends
MarketWatch, New York
Friday, July 14, 2023
Why isn't gold dead yet?
It hasn't served a vital economic function since the government stopped treating it as money back in 1971. Actually, you could argue it stopped being necessary long before that.
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Jan Nieuwenjuijs: Will BRICS implement a gold-backed currency in August?
Submitted by admin on Fri, 2023-07-14 17:48 Section: Daily DispatchesBy Jan NIeuwenhuijs
Gainesville Coins, Lutz, Florida
Friday, July 14, 2023
Aside from speculation, there hasn't been official confirmation by any BRICS nations that they will either issue a new currency backed by gold or peg their currencies to gold any time soon.
Although it's likely that discussions are going on among BRICS nations to create a new currency, no agreement has been reached and policymakers are denying that the new currency is soon to be launched.
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EJ Antoni: The decline and fall of the U.S. dollar
Submitted by admin on Fri, 2023-07-14 12:33 Section: Daily DispatchesBy EJ Antoni
The Heritage Foundation, Washington
Thursday, July 13, 2023
The U.S. dollar's reserve currency status is one of America's greatest strengths, but President Joe Biden seems hellbent on toppling the dollar from its throne through both his domestic and foreign policy agenda.
Americans need to pay attention because we've seen this movie before, and it doesn't end well.
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Oleg Nesterenko: The war in Ukraine is the war for the dollar
Submitted by admin on Fri, 2023-07-14 12:19 Section: Daily DispatchesFrom Donbass Insider
via L'Eclaireur des Alpes, Grenoble, France
and Monthly Review, New York
Thursday, July 13, 2023
This is the second of three parts of an interview given by Oleg Nesterenko, president of the Centre de Commerce et de l'Industrie Europeen (European Trade and Industry Center) in Paris, to the publication L'Eclaireur des Alpes. This part looks at the real reasons behind the war in Ukraine, which is really a war for the dollar -- the third, to be precise.
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UAE suspends gold refiner on owners' alleged laundering link
Submitted by admin on Fri, 2023-07-14 12:00 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Friday, July 14, 2023
The United Arab Emirates suspended the accreditation of one of its biggest gold refineries over concerns that its owners had ties to alleged money launderers.
Emirates Gold DMCC -- which has operated in Dubai for more than 30 years -- was last week suspended from the UAE's Good Delivery List, according to a government website.
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Alasdair Macleod: The bell tolls for fiat
Submitted by admin on Thu, 2023-07-13 11:58 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 13, 2023
The importance of Russia's announcement that a new gold-backed trade currency is on the BRICS meeting agenda for August 22—24 in Johannesburg seems to have gone completely over everyone's heads, with mainstream media not even reporting it.
Brien Lundin: Central banking's end game is here, so join us in New Orleans
Submitted by admin on Wed, 2023-07-12 18:19 Section: Daily DispatchesYou'll join GATA's Bill Murphy and Chris Powell.
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6:23p ET Wednesday, July 12, 2023
Dear Friend:
I’m writing you today with excitement and urgency -- because we’ve just opened registration for this year's New Orleans Investment Conference, to be held Wednesday through Saturday, November 1-4, and it may be the most eagerly awaited event in our 49-year history.
Here’s why: The end game Is here.
Craig Hemke at Sprott Money: Looking for a low in gold and silver
Submitted by admin on Tue, 2023-07-11 21:07 Section: Daily Dispatches9:07p ET Tuesday, July 11, 2023
Dear Friend of GATA and Gold:
Writing at Sprott Money tonight, Craig Hemke of the TF Metals Report sees signs that monetary metals prices are bottoming along with shares of gold and silver mining companies.
Hemke's analysis is headlined "Looking for a Low" and it's posted at Sprott Money here:
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