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Daily Dispatches

Americans stampede into inflation-linked bonds, smashing records

Section: Daily Dispatches

But purchases are limited to $10,000 per year per person. Allowing unlimited purchases would defeat the government's policy of "financial represssion."

* * *

By Elizabeth Stanton
Bloomberg News
Friday, January 14, 2022

American savers piled into inflation-protected savings bonds, scooping up more in December alone than they had for any full previous year, as consumer prices soared across the U.S. 

Alasdair Macleod: A euro catastrophe could explode the European Union

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, January 13, 2022

This article looks at the situation in the euro system in the context of rising interest rates. Central to the problem is role of the European Central Bank, which through monetary inflation embarked on a policy of transferring wealth from fiscally responsible member states to the spendthrift PIGS and France. 

The consequences of these policies are that the spendthrifts are now ensnared in irreversible debt traps.

... Dispatch continues below ...

Big Macs may get to $2,000 before gold

Section: Daily Dispatches

11:49a ET Thursday, January 13, 2022

Dear Friend of GATA and Gold:

Despite yesterday's rather sensational inflation news, inflation isn't accelerating as much as it is breaking away from the camouflage that long has been thrown over it by the U.S. government and mainstream financial news organizations.

'Sell dollar for everything else' is echoing across trading rooms

Section: Daily Dispatches

By Ruth Carson and Joanna Ossinger
Bloomberg News
Thursday, January 13, 2022

Sell the dollar and put money into assets such as emerging-market stocks and gold as the world's economic recovery gathers steam, money managers say. 

A growing chorus of investors is betting the world's reserve currency has reached a peak in a dramatic turnaround from a month ago when positioning in the greenback was the most bullish since 2015. 

... Dispatch continues below ...


Craig Hemke's gold and silver forecast for 2022

Section: Daily Dispatches

9p ET Tuesday, January 11, 2022

Dear Friend of GATA and Gold:

The TF Metals Report's Craig Hemke, writing tonight at Sprott Money, gives his gold and silver forecast for the new year and details the reasons for it. Monetary metals investors won't be too disappointed. The report is headlined "Reality Bites: A Forecast for Precious Metals in 2022" and it's posted at Sprott Money here:

Dollar's once-solid link to bond yields is breaking down

Section: Daily Dispatches

By Vassilis Karamanis and Payne Lubbers
Bloomberg News
Tuesday, January 11, 2022 

The dollar is starting to decouple from the Treasury yields that it tracked so closely last year, adding to signs that the bulk of the currency’s windfall from higher rates has already passed. 

Ed Steer: Dollar index craters but gold and silver do nothing

Section: Daily Dispatches

7:40p ET Monday, January 10, 2022

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Gold and Silver Digest letter for Saturday, headlined "The DXY Craters: Gold and Silver Do Nothing," is posted in the clear at GoldSeek's companion site, SilverSeek, here:

James Turk: My perspective on money and liberty

Section: Daily Dispatches

By James Turk
Free Gold Money Report
Thursday, January 6, 2022

Several people have asked why I wrote "Money and Liberty: In the Pursuit of Happiness & The Theory of Natural Money" --

-- while others requested some insight about its content.

My objective was to explain why:

Robert Lambourne: BIS gold swaps fell slightly in December; no hint of 'Basel III' influence

Section: Daily Dispatches

By Robert Lambourne
Sunday, January 9, 2022

The recently released December statement of account of the Bank for International Settlements --

-- contains information suggesting a decrease of about 37 tonnes in the bank's gold swaps, from 451 tonnes in November to 414 tonnes in December. 

This compares to the record high estimated at 552 tonnes as of February 25 this year.

Sri Lanka sells monetary gold as forex reserves drop

Section: Daily Dispatches

From Economy Next, Columbo, Sri Lanka
Saturday, January 8, 2022

Sri Lanka liquidated a part of its gold holdings in December 2020 to boost liquid foreign assets in line with a drop in annual foreign reserves holdings, Central Bank Governor Nivard Cabraal said, even as year-end reserves were boosted with a swap from China.

The central bank is estimated to have sold about 3.6 tonnes out of a 6.69 tonne stockpile of gold (about 215,000 troy ounces) it had at the beginning of 2021, leaving it with around 3.0 to 3.1 tonnes of gold.