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Daily Dispatches
Dragons fly as Chinese millennials take a shine to gold
Submitted by admin on Mon, 2021-08-30 09:19 Section: Daily DispatchesBy Emily Chow
Reuters
Sunday, August 29, 2021
SHANGHAI -- For many affluent young Chinese consumers, modern simplicity is out and tradition is back in when it comes to jewellery.
Sales of gold bracelets, pendants, earrings, and necklaces that draw on dragons, phoenixes, peonies, and other traditional Chinese patterns and symbols are flying among consumers, especially those in their 20s and 30s, helping drive a rebound in gold demand in the country after a pandemic-induced slump.
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Texas Bullion Depository, touted as a gold mine for taxpayers, could end up costing millions
Submitted by admin on Fri, 2021-08-27 23:53 Section: Daily DispatchesBy Eric Dexheimer
Houston Chronicle
Friday, August 27, 2021
When state lawmakers decided in 2015 that Texas needed to be the only state to have its own precious metals depository, supporters said there were plenty of reasons the project would be a gold mine.
Stefan Gleason: Play the odds by not gambling in rigged markets
Submitted by admin on Fri, 2021-08-27 18:58 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Thursday, August 26, 2021
Is America becoming a nation of gamblers?
The lure of potential cash windfalls is driving rampant speculation in financial markets and record traffic to casinos.
The commercial gaming industry generated a record $13.6 billion in revenues during the second quarter, according to the Las Vegan Review Journal:
Key inflation gauge posts fastest annual price gain in 30 years
Submitted by admin on Fri, 2021-08-27 18:29 Section: Daily DispatchesBy Tom Ozimek
The Epoch Times, New York
Friday, August 27, 2021
The Federal Reserve’s preferred inflation gauge, the so-called core personal consumption expenditures (PCE) price index, vaulted in the 12 months through July to levels not seen in 30 years.
The Commerce Department said in a release Friday that core PCE rose 3.6 percent over the year in July, matching last month’s level, which was an increase from 3.5 percent in May and 3.1 percent in April.
U.S. Global's Holmes notes GATA's work against gold price suppression
Submitted by admin on Thu, 2021-08-26 23:30 Section: Daily Dispatches11:33p ET Thursday, August 26, 2021
Dear Friend of GATA and Gold:
In his "Frank Talk" commentary for U.S. Global Investors this week, Chief Executive Officer Frank Holmes takes note of gold price suppression by governments and investment banks and GATA's work exposing it.
Holmes' commentary is headlined "Gold, 'An Attractive Insurance Policy'" and it's posted at U.S. Global's internet site here:
Another money-back offer from the New Orleans Investment Conference
Submitted by admin on Thu, 2021-08-26 23:26 Section: Daily DispatchesBy Brien Lundin, CEO
New Orleans Investment Conference
Thursday, August 26, 2021
We have important developments regarding this year’s New Orleans Investment Conference, to be held Tuesday-Friday, October 19-22.
If you're like many people during these crazy times, you may be considering skipping this year’s New Orleans Conference. And I’m afraid that might be a grave mistake -- especially in light of the most recent data we’re getting on Covid infections.
Alasdair Macleod: Eurozone finances have deteriorated
Submitted by admin on Thu, 2021-08-26 21:45 Section: Daily DispatchesBy Alasdair Macleod
Head of Research
GoldMoney, Toronto
Thursday, August 26, 2021
Despite negative interest rates and money printing by the European Central Bank, which conveniently allowed all Eurozone member governments to fund themselves, having gone nowhere Eurozone nominal GDP is even lower than it was before the Lehman crisis.
Then there is the question of bad debts, which have been mostly shovelled into the TARGET2 settlement system. Otherwise we would have seen some substantial bank failures by now.
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Inflation-wary Germans are loading up on gold
Submitted by admin on Thu, 2021-08-26 12:34 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Thursday, August 26, 2021
Many gold investors might be fretting over the prospect of the Federal Reserve curbing monetary stimulus, but Germans are still loading up.
Demand for physical bullion in Germany, traditionally the biggest coin and bar buyer in Europe, was the highest since at least 2009 in the first half of 2021, World Gold Council data show.
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Hugo Salinas Price: 'Extraordinary Popular Delusions and the Madness of Crowds'
Submitted by admin on Tue, 2021-08-24 23:25 Section: Daily DispatchesBy Hugo Salinas Price
Mexican Civic Association for Silver
Tuesday, August 24, 2021
Such is the title of an immortal work by Charles Mackay, published 180 years ago -- 1841 -- in London.
We are in 2021 and the world is subject to a new "madness of crowds." The present "popular delusion" of our world, in this 21st century, is -- without doubt -- its fascination with Bitcoin and its fellow "cryptocurrencies."
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Craig Hemke at Sprott Money: Ahead of the Jackson Holedown
Submitted by admin on Tue, 2021-08-24 23:10 Section: Daily Dispatches11:18p ET Tuesday, August 24, 2021
Dear Friend of GATA and Gold:
Gold's price prospects for the rest of the year, the TF Metals Report's Craig Hemke writes today at Sprott Money, likely depend on how Federal Reserve Chairman Jerome Powell postures Friday at the Jackson Hole conference about whether the Fed will begin to reduce its monthly bond purchases.
Hemke's commentary is headlined "Ahead of the Jackson Holedown" and it's posted at Sprott Money here:
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