Watch the New Orleans conference at home while helping GATA too

Section: Daily Dispatches

5p ET Monday, November 27, 2023

Dear Friend of GATA and Gold:

You missed a lot if you didn't attend the New Orleans Investment Conference this month -- a great city renovating itself, wonderful restaurants, refreshing weather, people who make hospitality a way of life, and, of course, financial commentary from some great minds. (Oh, well, GATA's too.)

Just how bad is the U.S. cost-of-living squeeze? We did the math

Section: Daily Dispatches

By Reade Pickert and Jennah Haque
Bloomberg News
Monday, November 27, 2023

After years of inflation, U.S. consumers are shouldering a burden unlike anything seen in decades -- even as the pace of price increases has slowed.

It now requires $119.27 to buy the same goods and services a family could afford with $100 before the pandemic. Since early 2020, prices have risen about as much as they had in the full 10 years preceding the health emergency.

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Kinesis Money's Andrew Maguire interviews GATA Chairman Bill Murphy

Section: Daily Dispatches

11:30a ET Friday, November 24, 2023

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy joins London metals trader Andrew Maguire and host Shane Morand on this week's edition of Kinesis Money's "Live from the Vault" program, discussing GATA's formation and work over the last quarter century.

Murphy explains why he was censored long before "cancel culture," how the silver market is manipulated just as the gold market is, and the potential consequences of the manipulations and their failure.

Burkina Faso begins construction of its first gold refinery

Section: Daily Dispatches

From Agence France-Presse
via Barron's, New York
Thursday, November 23, 2023

Burkina Faso's junta-led government today launched the construction of the country's first refinery for gold, Burkina's main mineral resource, an AFP journalist said.

The refinery will have a production capacity of around 400 kilograms (880 pounds) of gold per day, according to Ismael Siby, CEO of the refinery's co-managing company, Marena Gold.

... Dispatch continues below ...


Perth Mint avoids fine despite many compliance failures

Section: Daily Dispatches

By Hamish Hastie
Sydney Morning Herald
Thursday, November 23, 2023

The taxpayer-owned Perth Mint and its operator Gold Corp. have avoided a fine despite Australia's finance watchdog uncovering a litany of failures in its compliance with anti-money laundering and terrorism finance laws.

Instead, Gold Corp. has entered into an "enforceable undertaking" with the Australian Transaction Reports and Analysis Centre, which sets in stone a requirement for the organisation to fix its anti-money laundering compliance rules in full by April 2025.

Alasdair Macleod: Central banks are always managing the crises they cause

Section: Daily Dispatches

By Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Thursday, November 23, 2023

This article concludes that the current downturn in bond yields is part of a continuing market manipulation by central banks in order to restore confidence in the global economic outlook.

There is a long history of government intervention in markets. In the nineteenth century, it was by legal regulation, the most notable of which was the 1844 Bank Charter Act, which had to be suspended in 1847, 1857, and 1866.