Chinese public is buying more than twice as much gold as the nation mines
Submitted by admin on Mon, 2024-04-29 13:29 Section: Daily DispatchesChina's consumers seek security in gold, 'the only safe asset'
By Mia Nulimalmaiti
South China Morning Post, Hong Kong
Monday, April 29, 2024
Chinese consumers are increasing their appetite for gold, seeking to protect their assets amid a volatile stock market, a depreciating yuan, and property doldrums, which analysts said would continue to boost international gold prices coupled with geopolitical uncertainties.
Thai government pension fund shifts focus to gold and oil
Submitted by admin on Sat, 2024-04-27 19:01 Section: Daily DispatchesBy Wiuchiut Chantanusornsiri
Bangkok Post, Thailand
Wednesday, April 24, 2024
The Government Pension Fund is reducing investments in assets that may be affected by war and increasing investments in gold and oil to mitigate risk.
According to Songpol Chevapanyaroj, secretary-general of the fund, management this year is more challenging than last year because of the risk of wars and elections in several countries, as well as well as uncertainty about interest rates.
... Dispatch continues below ...
Help GATA while making money: Subscribe to The Calandra Report
Submitted by admin on Sat, 2024-04-27 13:51 Section: Daily Dispatches1:51p ET Saturday, April 27, 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.
Trump allies draw plans to reduce Fed's independence
Submitted by admin on Sat, 2024-04-27 13:27 Section: Daily DispatchesBy Andrew Restuccia, Nick Timiraos, and Alex Leary
The Wall Street Journal
Friday, April 26, 2024
WASHINGTON -- Donald Trump's allies are quietly drafting proposals that would attempt to erode the Federal Reserve's independence if the former president wins a second term, in the midst of a deepening divide among his advisers over how aggressively to challenge the central bank's authority.
GoldSeek Radio's Waltzek, GATA's Murphy see U.S. losing control of gold price
Submitted by admin on Fri, 2024-04-26 20:15 Section: Daily Dispatches8:15p ET Friday, April 26, 2024
Dear Friend of GATA and Gold:
GoldSeek Radio's Chris Waltzek and GATA Chairman Bill Murphy today discuss indications, like price volatility, that U.S. banks are losing control of monetary metals prices, as well as the possibility of a worldwide financial shock as the U.S. dollar is repudiated.
The interview is 15 minutes long and can be heard at GoldSeek's companion site, SilverSeek, here:
Climax of de-dollarization is near, Maguire and Schectman say
Submitted by admin on Fri, 2024-04-26 19:59 Section: Daily Dispatches7:57p ET Friday, April 26, 2024
Dear Friend of GATA and Gold:
This week's edition of Kinesis Money's "Live from the Vault" program has London metals trader Andrew Maguire and U.S. monetary metals dealer Andy Schectman discussing Asia's revolt from the United States' system of manipulating commodity prices via the futures markets. They think the climax of that revolt, the world's "de-dollarization," is far closer than the conventional wisdom maintains.