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Daily Dispatches
Has Russia's invasion of Ukraine doomed the dollar?
Submitted by admin on Sat, 2022-12-24 18:03 Section: Daily DispatchesBy Robert G. Rabil
The National Interest, Washington
Friday, December 23, 2022
Russia's invasion of Ukraine has undoubtedly ended the post-Cold War era. Although many countries have condemned Russia's invasion, the majority of them have not sanctioned Russia.
Metals trader Andrew Maguire interviewed on UK network by Nigel Farage
Submitted by admin on Fri, 2022-12-23 23:09 Section: Daily Dispatches11:08p ET Friday, December 24, 2022
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire was interviewed this week on Nigel Farage's program on the GBN network in the United Kingdom, discussing gold market manipulation and what he sees gold's superior qualities as money.
The interview is 10 minutes long and can be viewed at YouTube here:
Japan's Christmas bombshell risks setting off another European credit crunch
Submitted by admin on Fri, 2022-12-23 22:42 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, December 23, 2022
Japan is the world’s top creditor with $3.6 trillion (L3 trillion) of net assets overseas. It is the marginal buyer of British, eurozone, and American debt, and a central pillar of the international bond market.
Court tosses out lawsuit by LME traders for disclosures on nickel debacle
Submitted by admin on Fri, 2022-12-23 22:36 Section: Daily DispatchesBy Harry Dempsey
Financial Times, London
Friday, December 23, 2022
A London court has dismissed a case by hedge fund AQR Capital Management and other market participants against the London Metal Exchange, relieving the bourse from a request to disclose further information about its March decision to cancel billions dollars worth of nickel trades.
Alasdair Macleod: Inflation, recession, and declining U.S. hegemony
Submitted by admin on Thu, 2022-12-22 11:32 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 22, 2022
In the distant future we might look back on 2022 and 2023 as pivotal years.
So far we have seen the conflict between America and the two Asian hegemons emerge into the open, leading to a self-inflicted energy crisis on the western alliance. The 40-year trend of declining interest rates has ended, replaced by a new rising trend, the full consequences and duration of which are as yet unknown.
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Russian gold was removed from some Western funds after Ukraine war
Submitted by admin on Thu, 2022-12-22 10:42 Section: Daily DispatchesBy Peter Hobson
Reuters
Wednesday, December 21, 2022
LONDON -- Hidden inside high-security bank vaults in London, Zurich, and New York, billions of dollars' worth of gold of Russian origin has quietly changed hands in recent months in response to Moscow's invasion of Ukraine.
Data from 11 Western investment funds show that Russian bullion worth a total of $2.2 billion at current prices was removed from their accounts between July and November.
Funds storing gold have shrunk in recent months as rising interest rates triggered disinvestment from bullion.
Suddenly everyone is hunting for alternatives to the U.S. dollar
Submitted by admin on Thu, 2022-12-22 10:22 Section: Daily DispatchesDidn't the world once use some kind of metal with monetary properties? Is that still around?
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By Michelle Jamrisko and Ruth Carson
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, December 21, 2022
King Dollar is facing a revolt.
Tired of a too-strong and newly weaponized greenback, some of the world’s biggest economies are exploring ways to circumvent the US currency.
Central bank suppression of monetary metals can't last much longer, Sprott says
Submitted by admin on Wed, 2022-12-21 20:59 Section: Daily Dispatches9:04 p ET Wednesday, December 21, 2022
Dear Friend of GATA and Gold (and Silver):
In his year-end interview with Craig Hemke of the TF Metals Report for Sprott Money, mining entrepreneur Eric Sprott says he is most enthusiastic about silver and that central bank suppression of gold and silver prices can't last much longer under the pressure of rising demand for real metal.
Ronan Manly: GLD conceals its gold dealings with Bank of England
Submitted by admin on Tue, 2022-12-20 11:38 Section: Daily Dispatches11:44a ET Tuesday, December 20, 2022
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly reports today that the SPDR Gold Trust, the exchange-traded fund better known as GLD, and its sponsor, the World Gold Council, are obscuring data in GLD's financial reports in violation of U.S. Securities and Exchange Commission rules, making it impossible for the public and investors to determine how much GLD gold is going into and out of the vaults of the Bank of England, a subcustodian of the fund's metal.
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Jan Nieuwenhuijs: The West-East ebb and flow of gold revisited
Submitted by admin on Mon, 2022-12-19 20:24 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Thursday, December 16, 2022
Gold trade between West and East still follows a 90-year-old pattern.
The price of gold is mainly set by Western institutional supply and demand, while countries in the East take the other side of the trade.
... Dispatch continues below ...
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