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Daily Dispatches

Swiss imports of Russian gold rise to most since April 2020

Section: Daily Dispatches

By Eddie Spence
Bloomberg News
Tuesday, September 20, 2022

Switzerland's imports of Russian gold surged to the highest in more than two years, a sign that more old bullion from the country may be being remelted to make it easier to sell.

About 5.7 tons  -- worth $324 million -- of Russian metal was imported by the refining hub in August, according to data from the Swiss Federal Customs Administration. That's the most since April 2020.

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Join GATA at the New Orleans conference Oct. 12-15

Section: Daily Dispatches

GATA Chairman Bill Murphy and your secretary/treasurer will be among the speakers. 

The conference's room block at the conference hotel, the beautiful Hilton New Orleans Riverside, will expire this Friday. 

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By Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022

https://goldnewsletter.com/

As a serious investor, you’re well aware of the unique challenges presented by today’s markets.

Craig Hemke at Sprott Money: We're still on 'Crash Watch'

Section: Daily Dispatches

By Craig Hemke
TF Metals Report
via Sprott Money, Toronto
Tuesday, September 20, 2022

Through September we have been on "Crash Watch" over concerns that a global equity market drop could lead to a liquidity-driven margin call across all asset classes. 

The watch continues through this week's Federal Open Market Committee meeting and then into October. ...

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Kinross Gold wins hedge fund's favor with buyback plan

Section: Daily Dispatches

By Noah Zivitz
BNN Bloomberg
Monday, September 19, 2022

Kinross Gold Corp. announced plans to ramp up its share repurchases subsequent to talks with a renowned activist investor and other shareholders.
 
The Toronto-based miner said in a news release today that it will aim to buy back US$300 million of its shares before the end of this year. It added that it will allocate 75% of excess cash to buybacks in 2023 and 2024.

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When buying gold or silver, please consider the dealers who support GATA

Section: Daily Dispatches

9:08p ET Monday, September 19, 2022

Dear Friend of GATA and Gold:

Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio. 

More central banks engaged in gold lending and swaps last year

Section: Daily Dispatches

"Ninety-nine-point-nine percent of the central bankers I know don't even know they have gold in their vault. They don't spend one millisecond thinking about gold during the day. It's not on their agenda, so to think that they try to manipulate gold to suppress the gold price -- forget it. They don't even think about it."

-- Pierre Lassonde, founder and chairman emeritus of Franco-Nevada Corp., former president of Newmont Mining, and former chairman of the World Gold Council, during an interview with MineWeb in October 2013.  

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Alasdair Macleod: Inflation is turning hyper

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, September 15, 2022

Money supply took off during covid lockdowns. It is now about to take off again to pay everyone's energy bills. But that is not all.

Come to the New Orleans conference and support GATA there

Section: Daily Dispatches

GATA Chairman Bill Murphy and your secretary/treasurer will be among the speakers. 

The conference's room block at the conference hotel, the beautiful Hilton New Orleans Riverside, will expire this Friday. 

* * *

By Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022

https://goldnewsletter.com/

As a serious investor, you’re well aware of the unique challenges presented by today’s markets.

New York Sun: Biden will funnel billions to Taliban via BIS

Section: Daily Dispatches

The Folly of Biden's 'Afghan Fund'

From The New York Sun
Wednesday, September 14, 2022

Not since Robert Strange McNamara used the World Bank to steer funds backed by American taxpayers to the North Vietnamese has there been as outrageous a move as President Biden's decision to set aside billions of dollars to fund Afghanistan in the Taliban era. 

Mr. Biden's démarche, which involves a new Swiss-based entity called "The Afghan Fund," defies credulity by vowing to aid the Afghan people without propping up the Taliban regime.

Money Metals Exchange builds largest gold and silver depository in western U.S.

Section: Daily Dispatches

From Money Metals News Service, Eagle, Idaho
Wednesday, September 14, 2022

EAGLE, Idaho -- Money Metals Exchange, a nationally focused precious metals company, announced today it is breaking ground on a 40,000-square-foot vaulting and fulfillment facility in Idaho.

The $21 million facility will be the largest private depository of its kind in the western United States. It could be expanded to 60,000 square feet.

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