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Daily Dispatches
Russia considers big purchases of 'friendly' foreign exchange to slow ruble's rise
Submitted by admin on Thu, 2022-09-01 11:27 Section: Daily DispatchesIsn't the "friendliest" currency that old yellow metal?
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From Bloomberg News
Thursday, September 1, 2022
Russia is considering a plan to buy as much as $70 billion in yuan and other "friendly" currencies this year to slow the ruble's surge, before shifting to a longer-term strategy of selling its holdings of the Chinese currency to fund investment.
James Turk: A century of fascism
Submitted by admin on Wed, 2022-08-31 19:55 Section: Daily Dispatches7:54p ET Wednesday, August 31, 2022
Dear Friend of GATA and Gold:
In an essay today GoldMoney founder and GATA consultant James Turk reviews some history and concludes that just as free-trading gold is a prerequiste of liberty, gold price manipulation is a prerequisite of totalitarianism. Turk's analysis is headlined "A Century of Fascism" and it's posted at the Free Gold Money Report here:
USA Gold's 'News & Views' letter for September
Submitted by admin on Wed, 2022-08-31 10:12 Section: Daily Dispatches10:10a ET Wednesday, August 31, 2022
Dear Friend of GATA and Gold:
The September edition of USA Gold's News & Views financial letter, with its usual excerpts of insightful commentary, is posted in the clear here:
https://www.usagold.com/nv1044sept2022/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Ronan Manly: Eurasian alliance plans a Moscow World Standard to destroy LBMA's monopoly
Submitted by admin on Wed, 2022-08-31 09:48 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, August 31 2022
Toward the end of July, news emerged in the Russian media that Moscow and a number of its Eurasian allies are now reviewing a proposal to create an entirely new trading and pricing infrastructure for the international precious metals in order to both destroy London and New York's monopoly over global precious metals pricing, and to stabilise the Russian gold market.
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Myrmikan's Dan Oliver: Fed's rate increases may aim to prevent commodity money
Submitted by admin on Tue, 2022-08-30 14:46 Section: Daily Dispatches2:47p ET Tuesday, August 30, 2022
Dear Friend of GATA and Gold:
In his latest market analysis, Dan Oliver, founder and manager of Myrmikan Capital in New York, suspects that the Federal Reserve's policy of raising interest rates is aimed at protecting the U.S. dollar by aborting the transition of the world monetary system to a commodity basis.
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Mon, 2022-08-29 21:36 Section: Daily Dispatches9:35p ET Monday, August 29, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
Malta's gold reserves sink to 23-year low
Submitted by admin on Mon, 2022-08-29 21:32 Section: Daily DispatchesFrom The Shift
Valletta, Malta
Monday, August 29, 2022
Malta's gold reserves sank to a 23-year low in July this year, the Central Bank's latest figures show, leaving the country with one less safeguard that can ease financial pressures on the government's purse in times of crisis.
Jan Nieuwenhuijs: What happened to the $650 billion in SDRs issued last year?
Submitted by admin on Sat, 2022-08-27 11:13 Section: Daily Dispatches11a ET Saturday, August 27, 2022
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs this week closely examined the Special Drawing Rights that are issued by the International Monetary Fund and concluded that the August 2021 issuance of 456 billion new SDRs did not really "boost global liquidity," the supposed purpose of the undertaking.
Rather, Nieuwenhuijs writes, the issuance of those SDRs was meant mainly to provide the IMF itself with some reason for being and to sustain the interest payments the agency receives from issuing SDRs.
Fed can't fix fiscal-driven inflation, Jackson Hole paper says
Submitted by admin on Sat, 2022-08-27 10:56 Section: Daily DispatchesBy Matthew Boesler
Bloomberg News
Saturday, August 27, 2022
The Federal Reserve won't be able to curb inflationary pressures because they are rooted in expansionary fiscal policy, according to a paper presented today at the central bank's annual Jackson Hole conference.
"That approximately half of the recent increase in inflation has fiscal roots poses some specific challenges for policy makers today.
Russia redirects gold exports to China with 30% discount
Submitted by admin on Fri, 2022-08-26 22:43 Section: Daily DispatchesRussian Gold Rerouted to China Amid Western Ban
From The Moscow Times
Amsterdam, Netherlands
Friday, August 26, 2022
https://www.themoscowtimes.com/2022/08/26/russian-gold-rerouted-to-china-amid-western-ban-a78660
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