Daily Dispatches

By Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Tuesday, September 26, 2023

China is suddenly full of gold bugs.

It's a flight to safety familiar to students of economic stress.

"With the yuan falling, the property market slumping and capital controls keeping money from leaving the country, investors are buying gold," Bloomberg economists David Qu and Chang Shu wrote in a report.

The spread between the domestic and international price for the precious metal is at a decade high; Chinese consumers are racing for safety as they see their assets dwindle

By He Huifeng
South China Morning Post, Hong Kong
Tuesday, September 26, 2023

With the yuan weak, housing in the doldrums and stocks as insecure as ever, China's working and middle class are turning to one investment option that is regaining some shine: gold.

By James G. Rickards
The Daily Reckoning, Baltimore
Monday, September 25, 2023

When I talk about the war on cash and a cashless society, some people think I'm exaggerating the threat or they don't take it seriously.

But I'm not exaggerating the threat. It's here, it's growing, and it'll only get worse. Today I'll show you the latest example.

The proponents of the cashless society cite convenience as a major benefit. Why bother having to tote a bunch of cumbersome cash and coins around when you can just swipe a card or pay with your smartphone?

11:59a Sunday, September 24, 2023

Dear Friend of GATA and Gold:

On Kinesis Money's "Live from the Vault" program this week, London gold trader Andrew Maguire says suppressed Western gold prices are increasingly being arbitraged with higher prices in the East, especially in barter trade for oil in Russia.

Maguire adds that gold is perfect currency for evading Western economic sanctions, especially for oil, and that China is preparing to evade sanctions resulting from the attack it is planning on Taiwan.