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Daily Dispatches
Hong Kong ousts Dubai as biggest hub for Russian gold trade
Submitted by admin on Wed, 2023-11-15 12:20 Section: Daily DispatchesBy Malaika Kanaaneh Tapper and Eddie Spence
Bloomberg News
Wednesday, November 15, 2023
Shut out of London following the invasion of Ukraine, Russian gold trading switched to Dubai. Now it's shifting again, to the bullion hub of Hong Kong.
The city has long been a key conduit for bullion entering the Chinese mainland -- the world's biggest consumer market -- but since April, Russian shipments surged. Hong Kong imported 68 tons of Russian gold this year, four times as much as the whole of 2022.
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GATA chairman Murphy discusses monetary metals with GoldSeek Radio
Submitted by admin on Mon, 2023-11-13 21:07 Section: Daily Dispatches9:07p ET Monday, November 13, 2023
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed today by GoldSeek Radio's Chris Waltzek, discussing the possible failure of gold and silver price suppression, the hugely discounted prices of gold and silver mining shares, and fallen comrades in the gold and silver sector, among other things.
The interview is 12 minutes long and can be heard at GoldSeek here:
GATA secretary reviews gold market intervention undertaken through BIS
Submitted by admin on Sun, 2023-11-12 19:06 Section: Daily Dispatches7:08p ET Sunday, November 12, 2023
Dear Friend of GATA and Gold:
Your secretary/treasurer, interviewed during the recent New Orleans Investment Conference by Kai Hoffman of Soar Financial Group, discussed the recent decline in the gold swaps undertaken by the Bank for International Settlements, activity that signifies market intervention by central banks. This decline, your secretary/treasurer said, may hint that central banks are preparing for a higher gold price.
But your secretary/treasurer adds that central bank gold reserve data can't be trusted.
Robert Lambourne: BIS gold swaps fell 28 tonnes in October as U.S. debt burden soared
Submitted by admin on Sat, 2023-11-11 09:22 Section: Daily DispatchesBy Robert Lambourne
Saturday, November 11, 2023
Alasdair Macleod: West again plays into Putin's hands
Submitted by admin on Fri, 2023-11-10 11:35 Section: Daily DispatchesBy Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Friday, November 10, 2023
The Great Game of geopolitics faces a new challenge. The new hotspot is Israel and the Muslim Middle East. Ukraine is all but over, and the US is likely to abandon her to her fate -- like Afghanistan.
We shall have to see how both will play out. Meanwhile, energy prices are set to keep inflation and interest rates high, undermining governments, banking systems, and businesses dependent on cheap credit.
Ted Butler: Money vs. metal
Submitted by admin on Thu, 2023-11-09 21:30 Section: Daily Dispatches9:30p ET Thursday, November 9, 2023
Dear Friend of GATA and Gold:
Silver market manipulation foe Ted Butler writes today that he has given up hope that U.S. market regulators will ever act against the investment banks that long have been suppressing silver prices. Any such action, Butler writes, might destabilize financial system, since the market-rigging banks are so big.
But, Butler adds, he remains confident that the ordinary forces of supply and demand will liberate the silver market anyway "fairly soon," since shortages of the metal are already apparent.
Jan Nieuwenhuijs: How central banks can use gold revaluation accounts to restore solvency
Submitted by admin on Thu, 2023-11-09 18:48 Section: Daily Dispatches6:47p ET Thursday, November 9, 2023
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs today details how central banks with gold reserves can use and indeed in recent years have used their gold revaluation accounts to restore themselves to solvency.
Nieuwenhuijs' analysis is headlined "How Central Banks Can Use Gold Revaluation Accounts in Times of Financial Stress" and it's posted at the Gainesville Coins internet site here:
UK sanctions gold and oil traders in new Russian clampdown
Submitted by admin on Wed, 2023-11-08 19:53 Section: Daily DispatchesBy Jonathan Browning
Bloomberg News
Wednesday, November 8, 2023
The UK government today targeted Russian gold miners, the largest refiner, and a Dubai-based trader involved in routing funds to Moscow as part of a package of fresh sanctions tied to the country's gold and oil sectors.
The UK sanctioned Nord Gold and Highland Gold Mining Ltd. alongside Krastsvetmet JSC, the biggest precious metals refinery in Russia.
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Gold market rigging is just part of central banking's comprehensive rigging and deception
Submitted by admin on Wed, 2023-11-08 14:12 Section: Daily Dispatches2:31p ET Wednesday, November 8, 2023
Dear Friend of GATA and Gold:
Today's edition of The King Report, the outstanding daily financial letter written by Bill King of M. Ramsey King Securities in Burr Ridge, Illinois, is excerpted below, reminding readers that surreptitious manipulation of the markets by the U.S. government extends far beyond gold -- that it is and long has been comprehensive.
Jan Nieuwenhuijs: Chinese central bank is in a hurry to buy gold covertly
Submitted by admin on Tue, 2023-11-07 16:06 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Tuesday, November 7, 2023
The People's Bank of China is in a hurry to buy enormous amounts of gold, indicating that it's preparing for substantial changes in the dollar-centric international monetary system.
Based on information from industry sources and my personal calculations, total gold purchases by the Chinese central bank (reported and unreported) in the third quarter this year accounted for 179 tonnes.
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