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Daily Dispatches
Zimbabwe's gold-backed currency surges amid market skepticism
Submitted by admin on Sun, 2024-04-14 14:55 Section: Daily DispatchesFrom Xinhua, Beijing
Sunday, April 14, 2024
HARARE, Zimbabwe -- Zimbabwe's newly launched gold-backed currency, known as the Zimbabwe Gold (ZiG), has hit the ground running, gaining 1.1% against the U.S. dollar in its first week of trading.
The surge aligns with the robust rise in gold prices, driven by investor demand for safe-haven assets amidst escalating tensions in the Middle East.
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At a Brooklyn pawn shop, customers are flooding in to sell gold
Submitted by admin on Sun, 2024-04-14 14:23 Section: Daily DispatchesBy Yvonne Yue Li, Jack Ryan, and Sybilla Gross
Bloomberg News
Sunday, April 14, 2024
Investors and metals traders can't agree on what exactly is behind gold's recent rally. At King Gold & Pawn in Brooklyn, the customers don't care. They just want to sell.
For some, sky-high values simply mean it's a good time to cash in; It's hard to ignore record prices that climbed above $2,400 an ounce last week. For others, it's a more desperate move to get money for bills and rent. Whatever the need, what's clear is jewelers and pawn shops are seeing a flood of sellers.
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Submitted by admin on Sun, 2024-04-14 08:40 Section: Daily Dispatches8:40a Sunday, April 14, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere.
From Indonesia to Japan, dollar's rising strength raises alarm
Submitted by admin on Sat, 2024-04-13 20:38 Section: Daily DispatchesBy Juntaro Arai
Nikkei, Tokyo
Sunday, April 14, 2024
TOKYO -- Countries across the globe are becoming increasingly wary of the growing might of the U.S. dollar. Emerging economies such as Indonesia have begun to move to defend their currencies against the possibility of renewed inflation and downward pressure on growth through higher import prices.
U.S. and U.K. crack down on Russian metals trade
Submitted by admin on Sat, 2024-04-13 20:18 Section: Daily DispatchesBy James Politi and Claire Jones
Financial Times, London
Friday, April 12, 2024
The U.S. and the U.K. have launched a crackdown on trades in Russian metals, in a move designed to limit Moscow's export revenue and restrict its ability to fund the war in Ukraine.
The action, announced by the two countries today, marks an aggressive effort by the allies to damage Russia's income -- but could disrupt trading at exchanges including the London Metal Exchange and Chicago Mercantile Exchange.
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As gold hits fresh high, Wall Street wonders about a mystery buyer
Submitted by admin on Sat, 2024-04-13 15:53 Section: Daily DispatchesBy Bob Henderson
The Wall Street Journal
Friday, April 12, 2024
Gold futures closed at their latest record-high Friday. Analysts are struggling to understand why.
Demand for real metal is overcoming price rigging, Maguire and Kranzler agree
Submitted by admin on Sat, 2024-04-13 08:52 Section: Daily Dispatches8:50a Saturday, April 13, 2024
Dear Friend of GATA and Gold (and Silver):
On this week's edition of Kinesis Money's "Live from the Vault" program, London monetary metals trader Andrew Maguire and financial letter writer Dave Kranzler concur that Asian demand for physical gold and silver is steadily overcoming the price suppression still being attempted in the gold and silver futures and derivatives market.
The program is 58 minutes long and can be viewed at YouTube here:
Subscribe to The Calandra Report, make money, and help GATA
Submitted by admin on Sat, 2024-04-13 08:41 Section: Daily Dispatches8:44a Saturday, April 13, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere.
After illegal veto, Kentucky becomes 45th state to end sales taxes on gold and silver
Submitted by admin on Fri, 2024-04-12 18:10 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Friday, April 12, 2024
In a high-stakes showdown with Gov. Andy Beshear over a gold and silver sales tax exemption, the Kentucky legislature today deemed his attempted line-item veto as an illegal act -- and directed the Secretary of State to enroll the exemption into law.
This action makes the Bluegrass State the 45th state in the nation to enact this sound money policy -- and the second this year.
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Pigs fly as Kitco reports suspicions of gold price suppression by government
Submitted by admin on Fri, 2024-04-12 13:34 Section: Daily DispatchesWho's next? The Financial Times? The Economist? Bloomberg News?
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Any U.S. Attempt to Restrain Gold Price Would Backfire, Says Jeffries' Christopher Wood
By Ernest Hoffman
Kitco News, Montreal
Friday, April 12, 2024
The U.S. government may be tempted to restrain gold prices, but this would only serve to drive bullion higher, according to the latest Greed & Fear Report from Christopher Wood, Global Head of Equity Strategy at Jeffries.
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