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Daily Dispatches
Peter Hambro: Putin and Xi know the golden rule
Submitted by admin on Mon, 2022-07-04 22:19 Section: Daily Dispatches10:20p ET Monday, July 4, 2022
Dear Friend of GATA and Gold:
Gold mining executive and trader Peter Hambro today reviews how the gold derivatives racket -- an enterprise of central banks, bullion banks, and futures-trading investment houses -- have rigged the gold market for many years using imaginary metal.
But Hambro warns: "Vladimir Putin and Xi Jinping are among those who know the golden rule: Whoever has the gold makes the rules."
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Mon, 2022-07-04 21:56 Section: Daily Dispatches9:55p ET Monday, July 4, 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.
'Exceptional' Roman gold coin hoard found in Britain
Submitted by admin on Fri, 2022-07-01 09:39 Section: Daily DispatchesAfter two millennia, Augustus' money is still good.
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By Katy Prickett
British Broadcasting Co., London
Friday, July 1, 2022
A hoard of Roman gold coins hidden in the decades before the Roman invasion of Britain has been discovered.
Eleven coins have been found so far, scattered near Norwich in Iceni tribe territory. Their queen Boudica would later rebel against Roman rule.
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India raises import tax on gold to support rupee
Submitted by admin on Fri, 2022-07-01 09:31 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Friday, July 1, 2022
MUMBAI -- India has raised its basic import duty on gold to 12.5% from 7.5%, the government said today, as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit.
Local gold prices jumped to an over-two-month peak of 52,032 rupees per 10 grams today, the highest since April 25.
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Andy Puzder and Jim Talent: Raging U.S. inflation is far worse than we're being told
Submitted by admin on Thu, 2022-06-30 22:52 Section: Daily DispatchesBy Andy Puzder and Jim Talent
Daily Mail, London
Thursday, June 30, 2022
The outlook for the U.S. economy is bad and potentially getting worse.
Today the Commerce Department released new consumer spending numbers showing that the prices Americans are paying for goods and services climbed 6.3% over the past year, as inflation maintained its upward momentum.
Just 24 hours earlier, Federal Reserve Chairman Jerome Powell warned, yet again, that his efforts to rein in runaway price increases by raising interest rates may plunge the nation into recession.
Invest 'responsibly' in gold under rules set by the market's riggers, the LBMA and JPMorgan
Submitted by admin on Thu, 2022-06-30 22:32 Section: Daily DispatchesAccprding to the fund's prospectus --
https://www.franklintempleton.com/forms-literature/download/FGLD_P
-- the fund's gold custodian is JPMorgan in London, its gold is not insured, only "authorized participants" and not ordinary shareholders may redeem shares for metal, and the fund's initial authorized participant is JPMorgan Securities. How responsible!
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Franklin Templeton Launches Franklin Responsibly Sourced Gold ETF
U.S. dollar's share of FX reserves steady in Q1, euro's share falls
Submitted by admin on Thu, 2022-06-30 13:14 Section: Daily DispatchesBy Gertrude Chavez-Dreyfuss
Reuters
via U.S. News and World Report, Washington
Thursday, June 30, 2022
NEW YORK -- The U.S. dollar's share of currency reserves reported to the International Monetary Fund was 58.8% in the first quarter, unchanged from that of the last three months of 2021, IMF data showed on Thursday.
The greenback remains the largest-held currency reserve by global central banks.
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When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Thu, 2022-06-30 13:11 Section: Daily Dispatches1:10p ET Thursday, June 30, 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.
Alasdair Macleod: Inflation, recession, and new currencies
Submitted by admin on Thu, 2022-06-30 12:50 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, June 30, 2022
Central bankers are trying to steer markets away from higher interest rates, citing growing evidence of the harm they are doing to economic growth. Quantitative tightening is dead on arrival.
USAGold's 'News & Views' letter for July is published
Submitted by admin on Thu, 2022-06-30 11:37 Section: Daily Dispatches11:34a ET Thursday, June 30, 2022
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for July, published today, contains its usual collection of insightful observations about the financial markets and especially gold, some of them recognizing "financial repression" and the like. It's posted in the clear here:
https://www.usagold.com/nv1043july2022/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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