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Daily Dispatches
Monetary metals advocate and USAGold founder Michael Kosares dies
Submitted by admin on Tue, 2023-09-12 21:24 Section: Daily Dispatches9:21p ET Tuesday, September 12, 2023
Dear Friend of GATA and Gold:
Monetary metals investors and believers in free and transparent markets and limited and accountable government have lost a devoted advocate: Michael J. Kosares.
Kosares, founder of the USAGold coin and bullion dealership in Colorado and author of many financial commentaries cited by GATA, died last week at age 75 after fighting cancer for six years.
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GATA Chairman Murphy interviewed by GoldSeek Radio's Chris Waltzek
Submitted by admin on Mon, 2023-09-11 19:02 Section: Daily Dispatches7p ET Monday, September 11, 2023
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, describes how monetary metals prices are manipulated even as the metals have great value relative to other asset classes.
The interview is 12 minutes long and can be heard at GoldSeek here:
Gold continues to amaze -- another reason to register now for New Orleans
Submitted by admin on Mon, 2023-09-11 16:00 Section: Daily DispatchesGATA's Bill Murphy and Chris Powell are among the speakers.
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Monday, September 11, 2023
By Brien Lundin
Publisher, Gold Newsletter
CEO, New Orleans Investment Conference
Gold and silver are moving higher today, and no one should be surprised.
In the September issue of Gold Newsletter, I note how impressively gold has performed over the last six weeks or so in the face of soaring Treasury yields and the Dollar Index.
Robert Lambourne: BIS gold swaps rise 26 tonnes as soaring debt makes price suppression harder
Submitted by admin on Sun, 2023-09-10 22:09 Section: Daily DispatchesBy Robert Lambourne
Sunday, September 12, 2023
Active trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, in August.
From information in the BIS' August 31 statement of account, published this week --
https://www.bis.org/banking/balsheet/statofacc230831.pdf
-- it is estimated that the volume of the bank's gold swaps increased 26 tonnes, from 103 to 129 tonnes, in the month ending July 31.
Fed nearly lost control of gold a week ago, Maguire tells 'Live from the Vault'
Submitted by admin on Fri, 2023-09-08 23:13 Section: Daily Dispatches11:13p ET Friday, September 8, 2023
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" program this week has London metals trader Andrew Maguire asserting that the U.S. Federal Reserve last week stopped the gold price 30 cents away from a point that would have triggered massive buying by central banks and cost the Fed its control of the Western gold market.
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China's gold binge extends to 10th month as reserves climb
Submitted by admin on Fri, 2023-09-08 09:04 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Thursday, September 7, 2023
China added to its gold reserves for a 10th straight month, extending a push to bolster its hefty stockpile as it tries to diversify away from the US dollar.
Bullion held by the People's Bank of China rose by 930,000 troy ounces in August, the central bank said on Thursday. That's equivalent to about 29 tons. Total reserves now sit at 2,165 tons, with around 217 tons added in a run of purchases that began in November.
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G20 summit: leaders to dine on silver- and gold-plated tableware
Submitted by admin on Thu, 2023-09-07 20:00 Section: Daily DispatchesMen and women of the people, these leaders. Someone should count the spoons afterwards.
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By Shobhit Gupta
Hindustan Times, New Delhi
Thursday, September 7, 2023
For a rich dining experience of world leaders, meals will be served to them on silver and gold-plated utensils.
New Delhi is all decked up to welcome the international dignitaries for the upcoming G20 Summit, which is scheduled to be held at the sprawling Bharat Mandapam at New Delhi's Pragati Maidan from September 9-10.
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Norwegian archaeologists say it's the gold find of the century
Submitted by admin on Thu, 2023-09-07 19:52 Section: Daily DispatchesBy the Associated Press
via ABC News, New York
Thursday, September 7, 2023
COPENHAGEN, Denmark -- At first the Norwegian man thought his metal detector reacted to chocolate money buried in the soil. It turned out to be nine pendants, three rings and 10 gold pearls in what was described as the country's gold find of the century.
Little gold coins help the poor in Gaza to save
Submitted by admin on Thu, 2023-09-07 19:42 Section: Daily DispatchesBy Nidal Al-Mughrabi
Reuters
Thursday, September 7, 2023
GAZA -- A Gaza dentist has developed ultra-lightweight gold coins to allow people without much money to access to one of the most widely used savings methods across the Middle East.
"The idea stemmed from the community's need to own gold amid the difficult living conditions the people live in," said Ahmed Hamdan, who developed the coins, which range in weight from half a gram to 10 grams.
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Ted Butler: Silver is a sure thing
Submitted by admin on Wed, 2023-09-06 18:40 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Tuesday, September 5, 2023
I have contended for nearly 40 years that silver has been manipulated and suppressed in price by means of excessive short selling on the Comex, mostly by commercial traders which happen to be mostly banks. As a result of this decades-long price suppression, the law of supply and demand has become artificially distorted. The low price has reduced supply and current production and increased demand (both industrial and investment) to the point where a wholesale physical shortage has emerged.
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